Bellevue Gold posts record cash flow as grades rise and hedge book cut

The latest update is out from Bellevue Gold Limited ( (AU:BGL) ).

Bellevue Gold reported March quarter production of 40,745 ounces of gold at an improved head grade of 4.7 grams per tonne, with metallurgical recoveries averaging 94.6%, keeping the company on track to meet its FY26 production and cost guidance. The miner continued to benefit from its high renewable energy penetration of about 90%, which helped keep diesel costs among the lowest in the sector.

Stronger grades and operational performance drove record underlying free cash flow of about $158 million for the quarter, lifting cash and gold on hand to approximately $181 million. Bellevue also accelerated pre-deliveries into its forward gold sales, cutting hedge commitments by about 26% to 91,650 ounces and leaving it free of contractual hedge deliveries until the end of 2026, a move designed to de-risk the balance sheet while increasing future exposure to spot gold prices and supporting exploration and growth options.

The most recent analyst rating on (AU:BGL) stock is a Buy with a A$2.20 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 developing and operating its Bellevue underground gold mine in Western Australia. The company targets efficient, high-grade gold production with a strong emphasis on renewable energy use to lower costs and reduce exposure to diesel price volatility.

Average Trading Volume: 10,334,998

Technical Sentiment Signal: Buy

Current Market Cap: A$2.28B

For detailed information about BGL stock, go to TipRanks’ Stock Analysis page.