BGL 2.28% $1.50 bellevue gold limited

Ann: Quarterly Activities Report, page-13

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  1. 3,654 Posts.
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    ASX 200 listed Bellevue Gold has designs on not only being one of the cheapest gold producers on the ASX when its eponymous mine near Leinster in WA opens later this year, but also one of the cleanest.
    With a high degree of renewables penetration onsite at the mine’s opening, the company has tied executive incentives in to meeting greenhouse gas emissions targets and wants to be carbon neutral by 2026.
    Part of the reason that may be achievable is the extraordinarily high grades at Bellevue and predictable nature of the orebody, which means it can be accessed from underground, generating less waste to process and store. That should be positive for costs as well.
    The 200,000ozpa mine is slated to open in the second half of 2023, with life of mine all in sustaining costs of $1014/oz according to a 2021 feasibility study, as low as $922/oz over its first five years of production.
 
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