Bellevue posts record A$67m cash flow
ASX-listed Bellevue Gold closed the financial year with record-breaking free cash flow of A$67-million and a strong production performance.
The gold miner processed a record 287 000 t of ore at 4.5 g/t during the June quarter, achieving a 94.4% recovery rate, with gold production reaching 38 941 oz – just shy of the 40 000 oz to 45 000 oz guidance range. The shortfall, owing to delayed access to a key stope at Deacon and unplanned plant maintenance, left about 3 100 oz in the run-of-mine stockpile.
Despite this miss, Bellevue generated A$67-million in free cash flow, turning around its prior quarter’s A$30-million cash outflow. As a result, cash and gold holdings surged by A$65-million, finishing the quarter at A$152-million. Debt remains steady at A$100-million, with no principal repayments due until 2027.
Bellevue will release its full 2025 results later in the month.
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