Bellevue Gold posts stronger production in Q3, reiterates FY26 guidance
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The news: Bellevue Gold has reported significantly higher gold production in the March quarter, totalling 40,745 ounces compared to 32,031 ounces in the previous quarter, citing improved grades and lower costs.
The numbers: The miner sold 39,754 ounces of gold at an all-in sustaining cost (AISC) of $2,578 per ounce, down from $2,989 per ounce in the previous quarter.
Underlying free cashflow surged to $158 million, up from $62 million in the December quarter.
Bellevue said it remains on track to achieve its FY26 production guidance of 130,000-150,000 ounces and AISC guidance of between $2,600 and $2,900 per ounce.
The context: Bellevue said the stronger output for the March quarter was driven by mining in higher-grade areas, which also contributed to lower costs per ounce.
The company added that it also benefited from limited exposure to diesel prices due to its renewable power generation facilities.
What they said: “These are strong results, with increased production driving record underlying free cashflow,” managing director Darren Stralow said.
“But importantly, they also continue the growing trend of the mine delivering in line with our schedules and budgets. This is demonstrated by the latest increases in grade as forecast in the mine plan,” he added.
The source: ASX
