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Bellevue Gold Limited ( (AU:BGL) ) just unveiled an update.
Bellevue Gold reported preliminary December 2025 quarter results showing solid operational performance, with 307,000 tonnes of ore mined at 3.8 g/t for 37,000 ounces of gold and 281,000 tonnes processed at 3.7 g/t for 32,000 ounces, while surface stockpiles grew to an estimated 41,000 tonnes. Higher mined and processed grades, together with strong metallurgical recovery of 96.1% that exceeded assumptions used in FY26 guidance, helped offset the impact of one-off disruptions late in the quarter, including a temporary suspension of underground development following a safety incident and delays in accessing high-grade areas at the Deacon and Viago zones; despite these issues, development rates remained ahead of plan and Bellevue reaffirmed it is on track to meet its FY26 production target of 130,000–150,000 ounces. Financially, the company generated underlying free cash flow of about $62 million before voluntary hedge pre-deliveries, up from $33 million in the prior quarter, and continued to strengthen its balance sheet by pre-delivering gold into forward sales contracts to reduce near-term hedge commitments and increase future exposure to spot gold prices, ending December 2025 with $165 million in cash and gold on hand, an increase from $156 million in the September quarter.
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 mining company listed on the ASX, focused on the development and operation of its high-grade underground Bellevue gold project in Western Australia. The company’s core business is gold production and associated exploration, with a market focus on growing output and optimising mine performance to strengthen its financial position and exposure to the gold price.
Average Trading Volume: 11,443,362
Technical Sentiment Signal: Buy
Current Market Cap: A$2.56B
For detailed information about BGL stock, go to TipRanks’ Stock Analysis page.