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Bellevue Gold produces 41,643 ounces in June quarter
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Bellevue Gold produces 41,643 ounces in June quarter

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  • Bellevue Gold achieved June quarter production of 41,643 ounces, bringing its full-year total above its guidance midpoint.
  • Following the production report, the company's share price rose by 4.25% to trade at $1.40.
  • The higher production volumes were driven by consistent performance across both mining and milling operations at the project.

Bellevue Gold (ASX:BGL) announced it produced 41,643 ounces of gold during the June quarter from its Western Australian operations.

This performance brought annual production to 144,000 ounces, which sits above the midpoint of the company's full-year guidance.

Operations at the project processed 299,000 tonnes of ore at an average grade of 4.5 grammes per tonne.

Underlying free cash flow reached approximately $110 million for the period, increasing total cash and gold bullion to $206.4 million.

Following the announcement, the Bellevue Gold share price was up at $1.40.

The company also reduced its forward gold sales commitments by 23,000 ounces to close the quarter at 68,700 ounces.

Surface stockpiles increased to 47,000 tonnes as first development ore was achieved on schedule at the Deacon North mining area.

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