Bellevue Gold (ASX:BGL) reported March quarter gold production of 25,146 ounces, down from 26,059 ounces in the December 2024 quarter, according to a Tuesday filing with the Australian bourse.
The company expects to deliver a June quarterly production of 40,000 to 45,000 ounces following an operational review, the filing said.
Fiscal year guidance has been lowered to a range of 129,000 to 134,000 ounces from 150,000 to 165,000 ounces previously, with all-in-sustaining costs set at AU$2,425 to AU$2,525 per ounce.
Additionally, growth capital and exploration expenditure guidance has been reduced to AU$142 million from AU$155 million, per the filing.
Shares rose past 3% in midday trade Tuesday.
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