11 stories mentioning ASX:BGLUpdated 1d ago
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Bellevue Gold (ASX:BGL) has an average rating of buy and mean price target of AU$1.74, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Australian shares are poised to fall on Tuesday after oil prices slumped to their lowest levels in more than a week, as the US paused air strikes against Iran, easing fears of prolonged supply disruptions and raising hopes for a diplomatic deal.Gold edged higher as investors weighed softer inflation risks ahead of the Federal Reserve's interest rate decision this week.Overnight, the S&P 500 and the Dow Jones Industrial Average rose 0.02% and 0.5%, respectively, while the Nasdaq Composite fell 0.2%.In the macroeconomy, the ANZ-Roy Morgan Australian consumer confidence fell 4.4 points to 71.2 in the week of July 20 to July 26, ANZ reported Tuesday.In corporate news, Bellevue Gold (ASX:BGL) produced 41,643 ounces of gold at an all-in sustaining cost of AU$2,604 per ounce and sold 40,671 ounces of gold at an average realized price of AU$4,180 per ounce during the June quarter.Genesis Minerals (ASX:GMD) produced 70,766 ounces of gold at an all-in sustaining cost of AU$2,797 per ounce and sold 77,797 ounces of gold at an average realized price of AU$6,175 per ounce during the June quarter.Australia's benchmark index rose 1.4% or 121.7 points to close at 8,894 on Monday.
Bellevue Gold (ASX:BGL) produced 41,643 ounces of gold at an all-in sustaining cost (AISC) of AU$2,604 per ounce and sold 40,671 ounces of gold at an average realized price of AU$4,180 per ounce during the June quarter, according to a Tuesday Australian bourse filing.The company produced 38,941 ounces of gold at an AISC of AU$2,253 per ounce and sold 38,754 ounces of gold at an average realized price of AU$5,147 per ounce during the June 2025 quarter, an earlier filing showed.The company delivered fiscal year 2026 gold production at the upper end of its guidance range of 130,000 to 150,000 ounces while meeting its all-in sustaining cost (AISC) guidance of AU$2,600 to AU$2,900 per ounce, the filing said.The company has guided fiscal 2027 production to increase to between 150,000 and 170,000 ounces, with project AISC expected to range between AU$2,800 and AU$3,100 per ounce, the filing added.
Pantoro (ASX:PNR) is expected to be susceptible to a potential takeover as the company attempts to regain market trust over the next six to 12 months after its June quarter production missed expectations, Euroz Hartleys said in a Friday note.The quarterly gold production of 18,028 ounces trailed the investment firm's estimate of 24,000 ounces and brought fiscal year 2026 production to 77,408 ounces. The full-year result missed the company's downgraded guidance of 86,000 to 96,000 ounces."We doubt the market will believe that this is the final reset for [Pantoro] until numerous quarters of guidance is achieved," the equity research firm said.It flagged Ora Banda Mining (ASX:OBM), Bellevue Gold (ASX:BGL), Catalyst Metals (ASX:CYL), Gold Fields, Regis Resources (ASX:RRL), and Capricorn Metals (ASX:CMM) as parties that could be interested in Pantoro, noting that some of those potential bidders are trading at large premiums to Pantoro's roughly AU$800 million market cap.Euroz Hartleys lowered its fiscal year 2027 production forecast for Pantoro to 93,000 ounces at an all-in sustaining cost of AU$3,102 per ounce from a previous estimate of 103,000 ounces at AU$2,850 per ounce.It maintained a speculative buy recommendation on Pantoro while reducing the target price to AU$3.53 per share from AU$6.52.The company's shares advanced 6% in recent Friday trade as the broader materials sector also gained.
Bellevue Gold (ASX:BGL) reported production for the 11 months through May of around 130,000 ounces, positioning the company to beat the midpoint of its fiscal 2026 production guidance range of 130,000 to 150,000 ounces, according to a Tuesday filing with the Australian bourse.The company is also on track to meet all-in sustaining cost guidance of AU$2,600 to AU$2,900 per ounce despite broad inflation and a jump in royalty costs due to higher spot gold prices, it said.Bellevue's direct exposure to diesel costs is still "one of the lowest in the sector" on account of the company's renewable energy strategy, per the filing.Additionally, the company started underground extensional drilling at the Tribune South mining area of its gold project in Western Australia, with results including 3.5 meters at about 45 grams per tonne grade of gold, and 1.7 meters at 7.8 grams per tonne grade of gold.
Here are the ASX-listed companies with the biggest gains on Friday:Minerals 260 (ASX:MI6): +13%, AU$0.85Pantoro Gold (ASX:PNR): +12%, AU$2.57Develop Global (ASX:DVP): +10%, AU$6.90PLS Group (ASX:PLS): +9%, AU$6.46Elevra Lithium (ASX:ELV): +9%, AU$11.65Genesis Minerals (ASX:GMD): +9%, AU$5.24Bellevue Gold (ASX:BGL): +9%, AU$1.33Almonty Industries (ASX:AII): +9%, AU$24.04Imdex (ASX:IMD): +9%, AU$4.01Sandfire Resources (ASX:SFR): +8%, AU$19.88
Bellevue Gold (ASX:BGL) successfully mined its first ore from the high-grade Deacon North area in May on schedule, with early results surpassing expectations and reinforcing plans to increase production through fiscal year 2027, according to a Tuesday Australian bourse filing.Development at Deacon North in Western Australia will continue through fiscal 2026, with stoping expected to commence in the first quarter of fiscal 2027 and production anticipated to gradually ramp up throughout 2027, per the filing.Early production face and grade-control drilling results show better-than-expected development grades, with mineralization matching geological models and including high-grade intersections such as 6 meters at 32 grams per tonne gold, the filing said.Exploration activities are advancing with ongoing surface drilling, additional underground rigs being deployed, and downhole electromagnetic surveys in progress to improve targeting and support resource expansion, the filing added.
(Updates with the stock movement in the headline and last paragraph.)Perenti's (ASX:PRN) underground mining arm, Barminco, has been awarded an around AU$850 million contract by Bellevue Gold (ASX:BGL) to provide underground mining services at the Bellevue Gold Project in Western Australia, according to a Wednesday Australian bourse filing.The contract was awarded following a competitive tender process for an initial four-year term commencing on Aug. 1, with an optional 12-month extension, per the filing.The company will provide complete underground mining services, including development, production, and support activities, and the arrangement is expected to require about AU$75 million in growth capital in fiscal 2027, the filing added.Perenti's shares advanced 8% in recent Wednesday trade.
Perenti's (ASX:PRN) existing strategy, centred on sustainable cash generation, disciplined growth, and increasing exposure to high-quality underground mining opportunities, is supported by the reward of a Bellevue Gold (ASX:BGL) contract, Euroz Hartleys said in a note on Wednesday.The firm's underground mining business, Barminco, was awarded an around AU$850 million, four-year underground mining contract at the Bellevue gold project in Western Australia.This represents a meaningful addition to Barminco's Australian underground mining portfolio and further reinforces Perenti's position as a leading underground mining contractor, translating to annualized revenue of around AU$210 million.The investment firm retained its buy rating on Perenti and a price target of AU$2.92 per share.
Perenti's (ASX:PRN) underground mining arm, Barminco, has been awarded an around AU$850 million contract by Bellevue Gold (ASX:BGL) to provide underground mining services at the Bellevue Gold Project in Western Australia, according to a Wednesday Australian bourse filing.The contract was awarded following a competitive tender process for an initial four-year term commencing on Aug. 1, with an optional 12-month extension, per the filing.The company will provide complete underground mining services, including development, production, and support activities, and the arrangement is expected to require about AU$75 million in growth capital in fiscal 2027, the filing added.
Bellevue Gold (ASX:BGL) produced 40,745 ounces of gold and sold 39,754 ounces of gold at an average price of AU$3,459 per ounce during the March quarter, according to a Wednesday Australian bourse filing.The company produced 25,146 ounces of gold and sold 25,775 ounces of gold at an average price of AU$3,259 per ounce during the March 2025 quarter, an earlier filing showed.The company said it was on track to meet fiscal 2026 production guidance in the range of 130,000 to 150,000 ounces of gold and all-in sustaining costs guidance of AU$2,600 to AU$2,900 per ounce, the filing added.
