The Australian dollar gold price soared above $6,000 per ounce for the first time on Tuesday, in an additional boost for a trio of gold producers reporting quarterly production figures.
GOLD WRAP: Goldminers Westgold Resources and Bellevue are both hopeful of a positive FY26, on the back of dealing with different challenges over the past 12 months.
A group of miners spent the past week trudging through the remote Kimberley carrying little more than a desire to support youth mental health and a hope someone catches a barra.
Management at takeover target goldminer Bellevue Gold has told media it is focused on the controllables, while revealing it achieved net zero emissions from its mine in the first half.
GOLD WRAP: Northern Star Resources' flagship Kalgoorlie Consolidated Gold Mines missed its revised full-year sales target, while Ramelius Resources hit a major milestone for the first time.
Bellevue Gold has made quick work of its push to close out its near-term hedge book contracts, spending $110.8 million to free up the bulk its committed forward sales for this calendar year.
Bellevue Gold has stepped back from its five-year production plan, will undertake a $156 million equity raising, and has launched a strategic review into recent troubles at its namesake goldmine.
Bellevue Gold has downgraded full-year production guidance at its namesake goldmine, as development of its underground project progressed slower than expected.
Shares in Darren Stralow-led Bellevue Gold dipped by 12 per cent early on Monday, following news the gold producer had revised its annual production guidance for the 2025 financial year.
Newmont Corporation shares have lost almost 20 per cent of their value in two days, as concerns over costs at the world's largest goldminer continue to weigh on the business.
Bellevue Gold reported softer production but remains on track to meet its full-year target during what its managing director described as a “pivotal quarter” for the goldminer.
GOLD WRAP: De Grey Mining has trumpeted the economics of its Hemi project in a record gold price environment, while Genesis Minerals has restarted its Laverton mill ahead of schedule.
Bellevue Gold’s transition from gold developer to producer has resulted in posting a net profit after tax of $75.4 million for the 2024 financial year.
Remarks by Wayne Bramwell to Business News this time last year have proved somewhat prophetic, considering recent events in the Western Australian gold sector.
Shares in Bellevue Gold have crumbled more than 20 per cent after the market recoiled in response to its $150 million placement and soft production outlook.
Bellevue Gold is tapping investors for more than $175 million to help pay down half of its debt, while announcing a five-year growth plan to accelerate exploration.
Bellevue Gold's positive start to the week has continued, after it posted a $2.18 million net profit after tax for the first six months of the 2024 financial year.
Bellevue Gold has announced its monthly production increased by 28 per cent in February - from 10,475 ounces to 13,364oz - on the back of higher grades, coupled with underground stoping ore.
As regulators scrutinise Perth Mint and the state government reviews its ownership, the business has continued to lose market share to rival ABC Refinery.
Bellevue Gold has inked a deal to refine its gold with independent ABC Refinery alongside an agreement with Zenith Energy to build a hybrid power station at its namesake project.
Australian-listed explorers raised a bolstered $3.02 billion during the December quarter after lithium and gold topped the charts for the most funds secured.
Perth-based NRW Holdings has secured a $24 million contract from aspiring miner Bellevue Gold for work at its nameplate project in the northern Goldfields.
Bellevue Gold's Steve Parsons has sold half of his stake in the aspiring gold miner for a tidy $17.8 million in his transition from managing director to a non-executive board role.
Bellevue Gold is looking to bolster its bank balance by $70 million as it continues construction on its namesake project and prepares to award a material mining contract in the coming weeks.
Bellevue Gold is pushing ahead with its ambition to become the first net-zero gold miner by engaging EDL for an off-grid hybrid power station to support its namesake project.
Bellevue Gold has engaged Belmont-based RUC Cementation Mining Contractors in a multi-year contract for raise-boring services at its namesake project in the Northern Goldfields.
ASX-listed BMG Resources has outlined a suite of regional gold anomalies after running a follow-up air-core drilling program over underexplored areas of its Abercromby project near Wiluna in Western Australia. The campaign adds a pipeline of greenfield exploration targets to the project's previously defined Capital South, Barrack and Archer prospects.
