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Bellevue Gold Limited (ASX:BGL)

ALERT: Price-sensitive ASX Announcement for BGL
Current share price for BGL : $1.325 -0.05 (-3.64%)+
Announcement
Release
7 Jul 2026 8:20AM
Price at Release
$1.375
Full Release
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Summary
Bellevue Gold Limited (ASX: BGL) announced that the June 2026 quarter exceeded the midpoint of its production guidance, with an annual production of approximately 144,000 ounces, surpassing the midpoint of their expected range. The company reported a strong financial position, with underlying free cash flow of approximately $110 million and cash and gold reserves increasing to $206.4 million by the end of the quarter. The forward gold sales commitments were significantly reduced by 23,000 ounces, with no contractual deliveries required until June 2027. The mining and milling operations consistently met expectations, and developments in key mining areas progressed ahead of schedule, preparing Bellevue for a strong FY27.
Key Points
  • 41,643 ounces of gold produced in June 2026 quarter with an average head grade of 4.5 g/t.
  • Strong cash flow of $110 million before pre-deliveries of hedge book.
  • Increase in cash and gold on hand to $206.4 million.
  • Reduction in forward gold sales commitments by 23,000 ounces.
  • FY26 production delivered to the upper half of guidance with 144,000 ounces recovered.
  • Consistent results in mining and milling, setting up for a strong FY27.
  • Pre-delivering gold to reduce hedge book exposure and de-risk balance sheet.
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.