A rare stretch of production consistency has continued at Bellevue Gold’s eponymous mine in WA’s Goldfields region, with the company delivering full-year volumes within its guidance range.
The miner reported output of 143,500 ounces from its operation near Leinster on Tuesday, in the upper half of its 130,000-150,000oz forecast.
The company has been racing to close out an onerous arrangement that has limited its ability to capitalise on record gold prices, and says it is now free of contractual hedge book deliveries until the end of June 2027.
But it still has 68,650oz of gold sales hedged until the March quarter of 2028 at an average contract price of $A3004/oz ($US2089/oz).
Spot gold is currently trading at $US4159/oz ($A5976/oz).
Operational issues plagued the Bellevue mine for much of 2024 and 2025, with lower-than-expected grades being one of the key problems.
The company suspended underground development in the last week of December due to a safety incident involving the management of misfires, which are not common in modern mines but happened at Bellevue at least twice during 2025.
However, the firm’s pioneering move to run its mine off green energy boosted its attractiveness to investors amid the global oil and gas crunch.
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