Bellevue Gold’s record breaking Q4

Bellevue Gold (ASX: BGL) has delivered record throughput rates during the June quarter following improvements at its processing plant in the Goldfields region of WA.

Gold production increased substantially for Q4 FY25 with 38,941oz and gold sold totalling 38,754oz at an average realised price of $5147/oz and an all-in sustaining cost (AISC) of $2253/oz.

The company processed a record 287,000t at 4.5g/t of gold at 94.4% recovery, of which, 111,000t was processed at 5.4g/t of gold at 95% recovery for the month of June alone.

Bellevue Gold reported the1.35mtpa processing plant upgrade is nearing completion with underground infrastructure now largely in place, following a year of ramping up operations.

Bellevue Gold managing director Darren Stralow says the results reflect the benefits of the changes implemented during the quarter.

“There were strong gains across all key metrics, including mined tonnages and processing, and the ability to sell all our production into the spot price ensured we received the full benefits of this progress,” he said.

“After ramping up development and production through FY25, the operation ended the year at levels that give us strong confidence in the company’s operational performance and financial returns going forward.”

During the quarter, the installation of four wind turbines was completed with the operation recording 58 consecutive hours on fully renewable energy with thermal engines off and zero emissions, a major step on the company’s journey towards being the world’s first net zero (scope 1 and 2) emissions gold producer by 2026.

Bellevue Gold closed the June quarter with $151.6m in cash and gold on hand.