Bellevue Gold has reported solid preliminary production results for the December 2025 quarter, maintaining its trajectory toward meeting the full-year guidance of 130,000–150,000 ounces (oz) for the 2026–26 financial year (FY26).
During the December 2025 quarter, the company mined 307,000 tonnes of ore at 3.8 grams per tonne (g/t), yielding 37,000oz of gold. Processed figures reached 281,000 tonnes at 3.7g/t for 3000oz of gold, supported by a strong metallurgical recovery rate of 96.1 per cent, which exceeded initial guidance.
The quarter was bolstered by an underlying free cash flow of approximately $62 million, nearly doubling the $33 million recorded in the September 2025 quarter. This financial performance enabled Bellevue to strengthen its balance sheet by reducing its forward gold sales commitments by 18,345oz. By the beginning of this year, cash and gold on hand had increased to $165 million.
Despite these gains, production at the end of December was delayed by a safety incident, which temporarily suspended underground development in the Deacon and Viago mine areas. Development resumed on January 4, and high-grade tonnes that were delayed are expected to be processed throughout this month.
The Bellevue Gold Project is located approximately 40km north-west of Leinster in the Northeastern Goldfields region of Western Australia. The company’s five primary underground mining areas are Deacon, Viago, Tribune, Marceline and Armand.
