Bellevue Gold, AU0000019374

Bellevue Gold holds FY27 guidance: Canaccord sets AUD 1.90 target for Bellevue Gold stock

Published on 10/25/2026 at 02:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Output fell to 35,585 ounces from 41,643, but FY27 guidance held. Bellevue Gold stock has a AUD 1.90 target dated October 20, 2026.

Production and broker context

Bellevue Gold produced 35,585 ounces in the September 2026 quarter.
FY27 production guidance stayed at 150,000-170,000 ounces on October 20, 2026.
Canaccord Genuity maintained a AUD 1.90 target on October 20, 2026.

Bellevue Gold, AU0000019374, Illustration mit AI erstellt.

Bellevue Gold (ISIN AU0000019374) produced 35,585 ounces in the September 2026 quarter, down 14.55 percent from 41,643 ounces in the June quarter. Australian Mining reported on October 21, 2026, that Bellevue Gold maintained its FY27 production guidance of 150,000-170,000 ounces after Barminco's slower ramp-up.

Three milestones shape the recovery case

On September 20, 2026, MarketScreener listed Bellevue Gold's Western Australian resource at 2.7 million ounces. On September 28, 2026, Investing.com reported that the hedge book had fallen to 68,000 ounces from 150,000 ounces. On October 20, 2026, the September quarter report showed production of 35,585 ounces and kept FY27 guidance at 150,000-170,000 ounces, according to Discovery Alert.

What must December output deliver?

Bellevue Gold now needs 114,415-134,415 ounces over the remaining three quarters to meet FY27 guidance. That equals 38,138-44,805 ounces per quarter, above the September result. The operational test is therefore recovery, not a change in the annual target.

Barminco assumed underground mining control on August 1, 2026. The transition reduced throughput, while the company also reported 250,702 tonnes processed at 4.6 grams per tonne and 94.9 percent recovery for the September quarter. Paste plant commissioning and higher workforce availability are expected to support the December quarter.

Broker targets stay above the market

Markets Insider reported that Canaccord Genuity maintained a Buy rating and a AUD 1.90 price target in a report dated October 20, 2026. The same report said Bellevue Gold generated AUD 307.53 million in quarterly revenue and AUD 4.45 million in net profit for the quarter ended June 30, 2026, compared with AUD 283.50 million in revenue and a GAAP net loss of AUD 57.95 million in the prior-year quarter.

Next date for shareholders

The next explicitly dated corporate event is Bellevue Gold's annual general meeting on November 19, 2026, according to Simply Wall St. The December quarter will provide the first full operating test of the contractor transition and the company's recovery case.

Execution now carries the guidance

Bellevue Gold enters the next quarter with its annual target intact, but the September production gap raises the required run rate. The outcome will depend on throughput, recovery and the pace of hedge reduction.