Bellevue Gold (ASX:BGL) has inked its FY26 guidance for the year ahead, and the company’s seen a muted share price reaction, dipping down -0.3% on Friday as the market assesses whether or not it likes what it’s seeing.
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On the whole, no drastic reaction one way or the other – though some HotCopper users did voice concern over the company’s exposure to gold hedging in the current price environment; the company posited “FY26 guidance benefits from increased knowledge of the underground mining, processing and orebody performance.”
And it is perhaps true that the most exciting part of the company’s FY26 forward guidance was the grade control assays tacked on down the bottom.
The company’s production guidance, described as ‘conservative’ by some users for FY26, comes in at 130-150Koz at an ASIC of $2.6K-$2.9Koz. Per annum in FY27, the company’s going for 175Koz–195Koz.
In the report, Bellevue wrote: “Sustaining current development rates may provide an opportunity to outperform production and cost guidance for FY26.”
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The company may hope that’s the case. In an environment where gold is on a tear, BGL is looking at 1Y returns down -42%.
BGL last traded at 81cps.
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