Quarterly Cash Flow Report

• Strong operating cash inflows of $62.6 million for the quarter
• Investing activities of $42.7 million, including $38.3 million for mine development
• Debt repayments of $8.2 million during the quarter

Bellevue Gold Ltd has reported its Q4 2025 quarterly cash flow, with strong operating cash inflows of $62.6 million for the quarter. This was driven by $138.7 million in receipts from customers, offset by $63.8 million in production costs and $10.3 million in staff costs. Investing activities totaled $42.7 million, including $38.3 million for mine properties in development and $4.2 million for property, plant and equipment. The company also made debt repayments of $8.2 million during the quarter. Overall, Bellevue Gold Ltd ended the quarter with $165.1 million in cash and cash equivalents, up from $152.8 million at the start of the quarter.