Bellevue Gold shares lift after production in June hit record
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More news: Bellevue Gold shares were the biggest gainers on the ASX 200 after the company reported record mining and processing rates in June, even as figures for the quarter came in below guidance.
The company’s share price had lifted 6.2% to $0.98 at 11:00am AEST.
Bellevue Gold's June quarter production comes in below guidance
The news: Bellevue Gold has reported gold production in the June quarter that is below the lower end of guidance, despite record monthly mining and processing volumes in the month of June.
The number: Gold production for the June 2025 quarter was 38,941 ounces, which is below the revised guidance range of 40,000 to 45,000 ounces.
This is despite reporting record monthly mining and recovery in June, according to the company. Quarterly production was hit by a delay to accessing a key excavation site at the Deacon deposit in Western Australia at the start of the quarter alongside unplanned plant maintenance.
In April, the company revised its full-year production guidance down from between 150,000 and 165,000 ounces to between 129,000 and 134,000 ounces.
Gold sales for the June quarter totalled 38,754 ounces at an average sale price of $5,147 per ounce. Total sales across the full year came in at 130,164 ounces.
Bellevue also reported record free cash flow of $67 million in the June quarter. Cash and gold on hand at 30 June 2025 had increased by $65 million during the quarter to $152 million.
Debt remained unchanged, at $100 million, with no minimum mandatory principal repayments due until calendar year 2027.
Full quarterly results will be reported later in July.
What they said: “The strong mining and production rates recorded towards the end of the year position the company favourably going into FY26,” the company said in a statement to the exchange.
The source: ASX
