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.