Following ongoing improvements to its processing plant, Bellevue Gold has delivered record throughput rates during the June quarter.
The gold miner processed a record 287,000 tonnes (t) at 4.5 grams per tonne (g/t) of gold and 94.4 per cent recovery during the quarter, with 111,000t processed at 5.4 g/t of gold at approximately 95 per cent recovery during the month of June alone.
“The 1.35Mtpa (million tonnes per annum) processing plant upgrade is now mostly complete,” Bellevue said.
“With underground infrastructure now largely in place, following a year of ramping up through FY25 (the 2024–25 financial year), the strong mining and production rates recorded towards the end of the year position the company favourably going into FY26.”
Bellevue’s development rates averaged 311m per jumbo per month in June, its highest monthly development rate achieved in FY25. The company’s total development advance for the June quarter equalled 4384m.
“These strong development rates have continued into July, driven by increasing operational efficiency per jumbo,” Bellevue said.
“With the team’s enhanced planning and execution capabilities now well established, development progress was slightly ahead of schedule at the end of the quarter.”
Bellevue produced 38,941 ounces (oz) of gold during the quarter, a result below the lower end of the company’s June quarter guidance of 40,000–45,000oz but a 13,795oz increase from the previous quarter.
Sustainability was another highlight, with Bellevue on track to achieve its goal of net-zero (Scope 1 and Scope 2) greenhouse gas emissions by 2026.
“During the quarter, the installation of four wind turbines was completed with the operation recording 58 consecutive hours on 100 per cent renewable energy with thermal engines off and zero emissions,” Bellevue said.
Bellevue closed the quarter with $151.6 million in cash and gold on hand.
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