Bellevue Gold (ASX:BGL) Earnings Call Presentation

Production and Operations - FY25 production reached 126,000 ounces, with 130,000 ounces sold [43] - FY26 production is guided at 130,000-150,000 ounces [43] - FY27 production target is set at 175,000-195,000 ounces [34, 43, 51] - The company achieved an average quarterly development rate of 310 meters per month between December 2022 and October 2023 [53] - The processing plant is targeting a throughput of 1.35 million tonnes per annum [88] Financial Performance - Market Capitalisation is A$1,320 million (US$858 million) as of September 1, 2025 [27, 31] - Cash and gold reserves total A$152 million (US$99 million) [27, 34] - Debt stands at A$100 million (US$65 million) with no mandatory repayments until 2027 [27, 34] - FY25 All-In Sustaining Cost (AISC) was A$2,422/oz gold (US$1,574/oz) [43] - FY26 AISC is projected to be A$2,600-2,900/oz gold (US$1,690-1,885/oz) [43] Resources and Exploration - The company has a Mineral Resource Estimate of 3.1 million ounces [34, 63, 100] - The Ore Reserve is estimated at 1.29 million ounces [34, 118] - An exploration target of 1.5-2.5 million ounces exists down plunge from known mineralization [18, 34, 100] Sustainability - Net zero (Scope 1 and Scope 2) greenhouse gas emissions have been achieved at the Bellevue Gold Project in H1 CY25 [11, 34, 116] - The company forecasts an annualised 80-90% renewable energy penetration [107]