Bellevue Gold produced 13,364 ounces (oz) of gold during the month of February, representing a 28 per cent increase from the previous month.
The gold production was produced at an average head grade of 5.2 grams per tonnes of gold, positioning the company to meet guidance of 75,000–85,000oz for the 2023–24 financial year.
“Our production ramp up continues to improve month on month,” Bellevue Gold managing director and chief executive officer Darren Stralow said. “It is very pleasing to see milling nameplate throughput (1.0 million tonnes per annum) achieved for a third straight month as we progress towards steady state operations.
“This resulted in production of 13,364oz in the month of February 2024 and ensures we are well on track to meet our guidance for the six months to June 30 2024 and generate free cash flow.”
Alongside its gold production, Bellevue continued accelerating underground development and stoping rates, with mine to mill reconciliation remaining on target with the Bellevue gold project’s mineral resource estimate.
Stope performance including dilution and overbreak has also performed in line with expectations.
Moving forward, Bellevue will focus on increasing the stoping rate to steady-state, which is expected to deliver further increases in grade to the mill as the underground mining rate matches the plant throughput.
The Upper Armand, Armand Main, Bellevue South, Deacon Main and Marceline mining areas are all now actively in ore development or stoping, with the first stoping ore delivered from the Deacon Main area in February.
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