Bellevue Gold stock faces slower contractor ramp-up in FY2027 quarter

Bellevue Gold said on Tuesday, October 20, that gold production increased year over year in the first quarter of fiscal 2027, but declined from the previous quarter after a mining-contractor change. Alliance News reported that the Perth-based miner produced 35,585 ounces in the quarter, 15% below the 41,643 ounces produced in the fourth quarter of fiscal 2026.

Output rises from prior year

Production was 22% above the 29,120 ounces recorded a year earlier. Gold sales reached 35,979 ounces, down 12% from the previous quarter but up 21% year over year from 29,670 ounces.

The company completed the contractor changeover in August. Management said the new contractor's ramp-up was slower than expected and that the impact should be concentrated in the first quarter.

Guidance remains unchanged

Bellevue Gold kept its fiscal 2027 production guidance at 150,000 to 170,000 ounces. Chief Executive Darren Stralow said further gains were expected in the December quarter as workers moved from a completing project to Bellevue.

Management also said grades remained consistent with the mine plan and highlighted five long-term mining areas. The update leaves the contractor transition and the pace of operational improvement as key factors for investors watching the next quarterly production report.

Bellevue Gold company profile

Bellevue Gold explores, develops, mines and processes gold at the Bellevue Gold Project in Western Australia. The project is located 40 kilometres northwest of Leinster in the Goldfields region. The company is headquartered in West Perth, Western Australia.

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