Bellevue Gold delivers record cash flow in FY26
- Bellevue Gold delivered $62.6 million in record free cash flow for FY26 despite heavy gold hedging commitments.
- Full-year revenue jumped $181.3 million to $576.3 million, generating an EBITDA of $237.5 million.
- The miner plans to close out its remaining hedge book in FY27 to gain 100% exposure to spot gold prices.
Bellevue Gold (ASX:BGL) delivered $62.6 million in record free cash flow for FY26 after meeting its annual production target with 143,500 ounces of gold produced.
The miner achieved these figures despite selling 83,400 ounces of gold into lower-priced hedge contracts during the financial year.
The company stated that pre-delivering gold into its hedge book helped strengthen liquidity while keeping drawn debt stable at $100 million.
Net profit after tax reached $7.1 million, though the company stated it would have been roughly $205 million if all gold was sold at spot prices.
Looking ahead, the company expects FY27 production to land between 150,000 and 170,000 ounces at an all-in sustaining cost of $2,800 to $3,100 per ounce.
Following the announcement, the Bellevue Gold share price was down at $1.55.
The Australian gold producer maintains operational focus on its flagship Bellevue Gold Project located in Western Australia.
Total cash and gold reserves rose by $54.8 million over the year to hit $206.4 million, leaving $68.7 thousand ounces remaining in its hedge book as of June 30.
