InvestSMART

Bellevue Gold Limited (ASX:BGL)

ALERT: Price-sensitive ASX Announcement for BGL
Current share price for BGL : $1.290 -0.275 (-17.57%)+
Announcement
Release
8 Apr 2026 8:18AM
Price at Release
$1.565
Full Release
download
Summary
Bellevue Gold Limited announced its March 2026 quarterly production update, highlighting a strong operational performance. The company mined 293kt of ore at 4.6 g/t for 44koz gold, and processed 283kt at 4.7g/t for 41koz gold. There was an increase in mined and processed grades due to sourcing ore from higher-grade segments of the mine, with the Deacon Main area contributing consistently. The metallurgical recovery rate stood at 94.6%, surpassing the recoveries used in FY26 guidance. Bellevue maintained a high renewable energy rate of ~90% for its operations and had minimal exposure to diesel costs. The company achieved a record underlying free cash flow of ~$158 million by reducing hedge book commitments and pre-delivering forward sold gold, resulting in increased future exposure to spot gold prices. Bellevue remains on track to meet its FY26 production guidance of 130-150koz and AISC guidance of A$2,600-2,900/oz.
Key Points
  • Ore mined: 293kt at 4.6 g/t for 44koz gold.
  • Ore processed: 283kt at 4.7 g/t for 41koz gold.
  • Increase in mined and processed grades due to higher-grade ore sourcing.
  • High metallurgical recovery rate of 94.6%.
  • Power station operated with ~90% renewable energy.
  • Record underlying free cash flow of ~$158 million.
  • Reduction in forward gold sales commitments by 32,505oz.
  • On track to meet FY26 production and AISC guidance.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.