Bellevue Gold Limited Production and Guidance Update: ASX:BGL
Bellevue Gold Limited (ASX: BGL) recently shared its latest production and guidance updates for the December 2024 quarter. The company reported selling 26,230 ounces of gold at an average price of A$3,339 per ounce. While the full details on all-in sustaining costs (AISC) will be available in the upcoming quarterly report, Bellevue has adjusted its gold production forecast for fiscal year 2025 to a range of 150,000 to 165,000 ounces.
The lower grades in the December quarter were a result of mining in peripheral ore areas towards the core deposit. Areas like Armand and Marceline showed lower-grade yields, but high-grade production continued in the Deacon zone. The company expects grade improvements as it transitions to less geologically complex zones in the second half of FY25.
Development rates averaged around 270m per jumbo per month in mining areas, with some challenges due to production interactions and equipment downtime. Despite this, the Tribune area’s development progressed positively, achieving over 300m in December 2024.
Bellevue’s processing plant maintained a solid operational rate of about 1.1 million tonnes per year during the quarter, with a notable recovery rate of approximately 95% in December. More details on AISC guidance will be shared in the forthcoming quarterly report.
Managing Director and CEO, Darren Stralow, emphasized the company’s commitment to meeting its production goals amidst the challenges of ore sequencing. Stay tuned for further updates as Bellevue Gold Limited continues its operations.
