Bellevue Gold stock faces contractor test after output drop - ad-hoc-news.de

AI desk brief

Bellevue Gold’s September quarter output fell to 35,585oz from 41,643oz in the June quarter as the Barminco contractor transition weighed on ramp-up, but management kept FY27 guidance unchanged at 150,000-170,000oz and AISC at A$2,800-A$3,100/oz. Q1 AISC rose to A$3,096/oz from A$2,604/oz, with cash and gold holdings of A$213.2m at quarter-end and underlying free cash flow of A$47.6m before voluntary early deliveries.

The company cut forward gold sales commitments by 11,150oz to 57,500oz, while high-grade drilling at Deacon North and paste-plant construction remain execution catalysts. Bellevue said the production disruption should be largely confined to the September quarter, with recovery expected as Barminco stabilizes operations.