Bellevue Gold has taken the next step in its plan to ramp up gold production to 250,000 ounces per year at its namesake project in Western Australia.
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Bellevue Gold has welcomed a $75 million net profit after tax for the 2023–24 financial year (FY24), which was defined by the company’s transition from explorer to miner.
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The Bellevue gold mine in WA has delivered operational free cash flow of $41 million in the June quarter, as the company announced its strategic five-year growth plan and equity-raising initiative to boost growth, reduce costs, and increase margins.
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Bellevue Gold has tipped over the midpoint of its June quarter guidance for the 2023–24 financial year (FY24) thanks to a production ramp up showing no signs of slowing.
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Bellevue Gold will carry out expansion studies to determine the Bellevue gold project’s potential by expanding the plant beyond its current nameplate operating rate of one million tonnes per annum (Mtpa).
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Amid high gold prices, Bellevue Gold has detailed strong operations and financial performance in its March 2024 quarterly, following the official opening of the Bellevue Gold mine in March.
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Bellevue Gold has encountered an “exceptionally high-grade” ore shoot projected to exceed the resource estimate at its Deacon deposit in Western Australia.
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Bellevue Gold revealed conservative profits for the first half of the 2023–24 financial year (H1 FY24) ahead of the ramp up of the Bellevue gold project in Western Australia.
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Bellevue Gold has released its September 2023 quarter report, where the company revealed its processing facility was achieved on time and on budget.
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Bellevue Gold has released its 2023 annual report, which details progress made in areas such as development and exploration, sustainability, and people and culture.
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Bellevue Gold has encountered high-grade mineralisation while it conducted infill drilling in preparation for the start of mining at its flagship Bellevue gold project.
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Bellevue Gold has advised the market that its flagship WA gold project has begun generating early cash flow, and is on schedule for first production in the December quarter of this year.
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MLG Oz has announced that it is finalising a contract extension with Ora Banda Mining for two years, with a one year option to its existing arrangements for the provision of haulage and site services at the Davyhurst project.
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Bellevue Gold has signed an agreement with Genesis Minerals that involves Genesis processing material from the Bellevue Gold Project, predominantly from the Vanguard open pit.
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