Quarterly Activities Report

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Stock Bellevue Gold Ltd (BGL.ASX)
Release Time 28 Jul 2026, 8:21 a.m.
Price Sensitive Yes
 Bellevue Gold Ltd FY26 Quarterly Activities Report
Key Points
  • Record FY26 annual production of 144koz
  • FY27 production guidance: 150,000-170,000 ounces
  • AISC guidance for FY27: A$2,800-3,100 per ounce
  • Non-sustaining capital expenditure guidance: $90-100 million
  • Exploration expenditure guidance: $25-30 million
Full Summary

Bellevue Gold Ltd's June 2026 Quarterly Activities Report highlights consistent operational performance, with record annual production of 144koz, exceeding the midpoint of FY26 guidance. The company achieved a quarter-on-quarter increase in gold production to 41,643oz, with gold sold at an average realised price of A$4,180/oz and a Project All-In Sustaining Cost (AISC) of A$2,604/oz. FY27 production is guided to increase to between 150,000-170,000 ounces at a Project AISC of between A$2,800 and A$3,100 per ounce. Non-sustaining capital expenditure is guided at $90-100 million, and exploration expenditure is guided at $25-30 million. The company also noted a successful transition to a new mining contractor, Barminco, and the commencement of construction of a paste plant, with commissioning scheduled for mid-FY27.

Guidance

FY27 production: 150,000-170,000 ounces; AISC: A$2,800-3,100/oz; Non-sustaining capital: $90-100 million; Exploration: $25-30 million

Outlook

Bellevue Gold Ltd anticipates a ramp-up in new mining contractor performance through the September 2026 quarter, with continued focus on grade control drilling and the addition of paste fill in the second half of the year. The company expects AISC and non-sustaining capital costs to decrease in the second half of the year.