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Bellevue Gold Limited ( (AU:BGL) ) has issued an announcement.
Bellevue Gold has awarded a four-year underground mining contract for its Bellevue Gold Mine in Western Australia to Barminco Limited, valued at about A$850 million and commencing on 1 August 2026, with an option to extend by up to 12 months. The deal follows a competitive tender and is designed to maintain a disciplined cost base while ensuring safety, operational continuity and production stability through a carefully planned transition from current contractor Develop.
Bellevue plans to offer performance incentives to both Barminco and Develop to support an efficient handover, underscoring its focus on smooth operational delivery as the mine advances beyond ramp-up. Barminco, part of Perenti Group, will redeploy people and fleet from a large Australian contract ending in June 2026, leveraging its extensive underground experience at other major Western Australian gold operations to bolster Bellevue’s growth and optimisation trajectory.
The most recent analyst rating on (AU:BGL) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Bellevue Gold Limited stock, see the AU:BGL Stock Forecast page.
More about Bellevue Gold Limited
Bellevue Gold Limited is an Australian gold producer focused on the Bellevue Gold Mine in Western Australia. The company operates in the underground gold mining industry and is positioning itself as a leading mid-tier producer in the domestic market.
Average Trading Volume: 8,138,080
Technical Sentiment Signal: Buy
Current Market Cap: A$2.35B
Learn more about BGL stock on TipRanks’ Stock Analysis page.