Bellevue Gold (BGL) Q4 2026 TU earnings summary

Executive summary

• Produced 41,643oz of gold in the June 2026 quarter with an average head grade of 4.5 g/t, contributing to FY26 annual production of 144koz, above the midpoint of guidance (130-150koz).

• Achieved strong operational execution, with mining and milling results consistent and surface stockpiles increased to 47kt.

• Ended the quarter with cash and gold on hand of $206.4 million, up $25.7 million from the previous quarter.

Financial highlights

• Underlying free cash flow before voluntary hedge book pre-deliveries was approximately $110 million for the quarter.

• Statutory gold sales revenue for the quarter was $170.0 million.

• Cash and gold on hand increased by $55 million over FY26 while reducing the hedge book by 83koz.

Outlook and guidance

• FY26 AISC was within guidance of A$2,600–A$2,900/oz; final AISC to be released with the full quarterly report.

• Strong finish to FY26 positions the company for a robust FY27, with development in all key mining areas on track.

• Plans to continue accelerating pre-deliveries into forward gold sale commitments to further de-risk the balance sheet and support future investments.