Bellevue Gold increases FY27 production target after record output

• Bellevue Gold achieved a record annual output of 143,539 ounces of gold for FY26.
• Following the market update, Bellevue Gold shares traded up 7.91% at $1.38.
• The company raised its FY27 output forecast to between 150,000 and 170,000 ounces.

Bellevue Gold (ASX:BGL) has increased its FY27 production guidance to between 150,000 and 170,000 ounces of gold following a record annual output of 143,539 ounces in FY26.

The full-year FY26 production figure surpassed the midpoint of the company's guidance range of 130,000 to 150,000 ounces at an all-in sustaining cost of $2,827 per ounce.

The company stated that consistent operational performance and established access to the higher-grade Deacon North area underpin the higher production outlook for FY27.

During the June quarter, the miner processed 298,800 tonnes of ore at 4.5 grammes per tonne of gold, resulting in quarterly production of 41,643 ounces.

Following the announcement, the Bellevue Gold share price was up at $1.38.

Bellevue Gold forecasts project all-in sustaining costs of $3,100 per ounce for FY27, with costs expected to fall in the second half of the year.

The company has also commenced an extensional underground drilling programme at Tribune South to explore mineralisation south of its current ore reserve.