Bellevue Gold on track to hit FY26 guidance amid strong production
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The news: Bellevue Gold has confirmed it is well placed to achieve its FY26 annual production guidance and meet its all-in sustaining costs (AISC) targets following a strong June quarter performance, which kept the gold miner firmly on track to deliver 130,000 to 150,000 ounces at an ASIC of $2,600 to $2,900 per ounce.
The context: The miner recorded a strong performance at the start of the quarter, with April and May seeing ore processing of 280,100 tonnes at a head grade of 4.6 grams per tonne of gold.
Gold production for the 11 months to May reached approximately 130,000 ounces. Compared with the full-year FY26 guidance range of 130,000 to 150,000 ounces, this puts Bellevue on track to exceed the mid-point of its targets.
The miner added that its AISC is expected to align with guidance, despite inflation and an increase in royalty costs driven by elevated spot gold prices. Bellevue remains one of the lowest exposed operators to diesel due to its renewable energy strategy.
Growth and exploration capital total reached approximately $96 million for the 11 months to May and is projected to end the financial year within the stated guidance range of $105 million to $115 million.
The source: ASX
