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Bellevue Gold Limited (ASX:BGL)

ALERT: Price-sensitive ASX Announcement for BGL
Current share price for BGL : $1.645 0.035 (2.17%)+
Announcement
Release
29 Apr 2026 8:14AM
Price at Release
$1.610
Full Release
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Summary
In the March 2026 quarterly activities report, Bellevue Gold Limited reported increased gold production and reduced all-in sustaining costs (AISC), remaining on track to meet their FY26 guidance. The company produced 40,745 ounces of gold, sold 39,754 ounces at an average realised price of A$3,459/oz, and achieved an AISC of A$2,578/oz. This reflects a significant increase from the December 2025 quarter. Bellevue's power station maintained high renewable energy usage at 85.2% for the quarter. Exploration activities included surface and underground drilling, with notable high-grade intersections near the Marceline mining area. Growth and exploration capital expenditures are expected to increase as the year progresses, in line with full-year guidance. The company has also reduced its hedge book commitments through voluntary pre-deliveries. Bellevue reported a strong financial position with $180.7 million in cash and gold on hand at the end of the quarter, setting a record for underlying free cash flow.
Key Points
  • Increased gold production to 40,745oz in March 2026 quarter.
  • Reduced AISC to A$2,578/oz.
  • Maintained high renewable energy usage at 85.2%.
  • Exploration drilling intersected high-grade gold near Marceline.
  • Growth and exploration capital expenditure forecast to increase.
  • Reduced hedge book commitments via pre-deliveries.
  • Cash and gold on hand increased to $180.7 million.
  • Record underlying free cash flow of $158.1 million.
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.