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Bellevue Gold Limited (BGL) Report Analysis

Corporate Events

Neutral

Bellevue Gold Limited Presents at RRS 2022 Gold...

2022-06-07 01:17:00

Bellevue Gold Limited Presents at RRS 2022 Gold Coast Conference, Jun-08-2022 10:45 AM. Speakers: Darren John Stralow, Chief Executive Officer.

Neutral

Resources Rising Stars, RRS 2022 Gold Coast Con...

2022-06-07 00:33:00

Resources Rising Stars, RRS 2022 Gold Coast Conference, Jun 07, 2022 through Jun 08, 2022.

Positive

Bellevue Gold Limited Reports Further Growth in...

2022-05-03 22:10:00

Bellevue Gold Limited reported further growth in the Indicated Resource at its Bellevue Gold Project in Western Australia. Bellevue Managing D...

Positive

Bellevue Gold Limited Announces High Grade Dril...

2022-04-04 22:18:00

Bellevue Gold Limited announced that more strong drilling results, combined with the expected favourable outcomes of recent project optimisati...

Negative

Bellevue Gold Limited Advises That Michael Nayl...

2021-12-22 05:39:00

Bellevue Gold Limited advised that Michael Naylor will transition from the roles of Executive Director to Non-executive Director. Mr. Naylor w...

Negative

Bellevue Gold Limited Advises That Michael Nayl...

2021-12-22 05:39:00

Bellevue Gold Limited advised that Michael Naylor will transition from the roles of Chief Financial Officer to Non-executive Director. Bellevu...

Negative

Bellevue Gold Limited Announces Maddison Cramer...

2021-12-20 08:04:00

Bellevue Gold Limited announced that Ms Maddison Cramer will step down as Joint Company Secretary, effective 24 December 2021, to commence par...

Neutral

Bellevue Gold Limited expected to report Q1 202...

2021-12-16 00:00:00

Bellevue Gold Limited expected to report Q1 2022 results on December 22, 2021. This event was calculated by S&P Global (Created on December 16, 2021).

Negative

Bellevue Gold Limited Appoints Darren Stralow a...

2021-11-16 22:51:00

Bellevue Gold Limited announced that it has appointed highly experienced resources executives Darren Stralow and Bill Stirling to the position...

Negative

Bellevue Gold Limited has completed a Follow-on...

2021-11-12 00:00:00

Bellevue Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 36.637087 million. Security Name: Ordinary Shares Sec...

Neutral

Bellevue Gold Limited, Annual General Meeting, ...

2021-10-24 21:21:00

Bellevue Gold Limited, Annual General Meeting, Nov 24, 2021, at 12:00 W. Australia Standard Time. Location: Meeting Room 2, Perth Convention a...

Positive

Bellevue Gold Limited Reports Further Grade Con...

2021-10-13 21:25:00

Bellevue Gold Limited report further grade control drilling results which continue to verify the accuracy of the Resource model at the centre ...

Neutral

Bellevue Gold Limited Presents at "BOOM IN A RO...

2021-10-11 23:55:00

Bellevue Gold Limited Presents at "BOOM IN A ROOM" INVESTOR CONFERENCE, Oct-14-2021 02:45 PM. Venue: RAC Arena, Perth, Western Australia, Aust...

Neutral

Resources Rising Stars, "BOOM in A ROOM" INVEST...

2021-10-11 21:20:00

Resources Rising Stars, "BOOM IN A ROOM" INVESTOR CONFERENCE, Oct 14, 2021 through Oct 15, 2021. Venue: RAC Arena, Perth, Western Australia, A...

Positive

Bellevue Gold Limited Reports A Host of High-Gr...

2021-09-20 22:22:00

Bellevue Gold Limited reported a host of high-grade assays from infill drilling at its Bellevue Gold project in WA. The latest results support...

Negative

Bellevue Gold Limited has filed a Follow-on Equ...

2021-09-03 00:00:00

Bellevue Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 109.501768 million. Security Name: Ordinary Shares Securi...

Negative

Bellevue Gold Limited has filed a Follow-on Equ...

2021-09-02 00:00:00

Bellevue Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 25 million. Security Name: Ordinary Shares Security Type:...

Positive

Bellevue Gold Announces Stage Two Feasibility S...

2021-09-01 23:40:00

Bellevue Gold announced that the Stage Two Feasibility Study on its Bellevue Gold Project in WA shows it will rank among the world's leading g...

Positive

Bellevue Gold Limited Reports Further High-Grad...

2021-08-02 22:51:00

Bellevue Gold Limited reported further high-grade infill and extensional drilling results which highlight the potential to increase the Resour...

Positive

Bellevue Set for Expanded Feasibility Study wit...

2021-07-07 23:24:00

Bellevue Gold advise that the strategy to increase its forecast production rate has been strengthened further by an 11 per cent increase in to...

Neutral

Bellevue Gold Limited Presents at Diggers and D...

2021-06-30 19:09:00

Bellevue Gold Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 10:45 AM. Venue: Goldfields Arts Centre, Cheetham Street, Kalg...

Neutral

Bellevue Gold Limited Presents at Noosa Mining ...

2021-06-30 18:19:00

Bellevue Gold Limited Presents at Noosa Mining and Exploration Investor Conference, Jul-15-2021 02:30 PM. Venue: Peppers Noosa Resort, Noosa H...

Neutral

Bellevue Gold Limited Presents at RRS 2022 Gold Coast Conference, Jun-08-2022 10:45 AM

2022-06-07 01:17:00

Bellevue Gold Limited Presents at RRS 2022 Gold Coast Conference, Jun-08-2022 10:45 AM. Speakers: Darren John Stralow, Chief Executive Officer.

Neutral

Resources Rising Stars, RRS 2022 Gold Coast Conference, Jun 07, 2022 through Jun 08, 2022

2022-06-07 00:33:00

Resources Rising Stars, RRS 2022 Gold Coast Conference, Jun 07, 2022 through Jun 08, 2022.

Positive

Bellevue Gold Limited Reports Further Growth in the Indicated Resource At Its Bellevue Gold Project in Western Australia

2022-05-03 22:10:00

Bellevue Gold Limited reported further growth in the Indicated Resource at its Bellevue Gold Project in Western Australia. Bellevue Managing Director Steve Parsons said the increase was highly significant because the increased Indicated Resource would underpin further growth in the Project Reserve and LOM inventory in the upcoming optimisation study. Indicated Resources have increased to 4.6Mt @ 11.2g/t gold for 1.7Moz (previously 1.4Moz @ 11.0 g/t gold Indicated). The global Mineral Resource Estimate (MRE) (Indicated and Inferred) has grown to 9.8Mt @ 9.9g/t gold for 3.1Moz of contained gold (previously 3.0Moz @ 10 g/t gold of Indicated and Inferred). The updated Resource contains all drilling completed since August 2021; including updated models for the Deacon North, Deacon Main, Hamilton Henderson and Tribune areas. This includes an additional 42,250m of underground diamond drilling that has been undertaken at the Project since the previous update. Areas targeted by the completed drilling have included the conversion of areas of the previous Resource model which were classified as Inferred Resources as well as growth around the edges of the Deacon North and Main areas. Indicated Resources at the Bellevue Gold Project have been growing at an annual growth rate of 43% since the maiden Indicated Resource in July 2020. As project development activities progress the company has continued to target growth in the Project Reserves and LOM inventory ahead of the commencement of mining operations. The recent growth in Indicated category Resources has been achieved at <$25 per ounce demonstrating the significant efficiencies and cost savings being derived from the established underground at the project. The additional Indicated Resources will be included in the Project optimisation study which is currently in progress and due for delivery in the June Quarter. Recent Indicated Resource growth has been proximal to the areas of the existing 1.04Moz mining Reserve so will benefit from the same capital development. The Company anticipates the upgraded Indicated Resource will reflect positively in the upcoming Reserve and LOM update and further enhance the projects already exceptional economic and production forecasts. The area of the Resource that has seen the most growth of Indicated Resources has been the Deacon North Lode, with results received and reported here for the final 5 underground drill holes which have been included in the updated Resource. Recent drilling has continued to target the southern extension of Deacon North towards Deacon Main in areas covered by Inferred category Resources in the FS2, infilling this area to 40 x 40m centres. Results continue to reconcile well with the previous block model and intercept the lode position at the anticipated target. Previously unreleased results from Deacon North include: 6.7m @ 16.5g/t gold from 477.7m in DDUG0182; 4.7m @ 7.2g/t gold from 538.7m in DDUG0179; Today's results are additional to the previously reported results from underground drilling completed at the Deacon. North area since the previous Resource update. Further highlights from the infill and extensional drilling have included the previously reported results of: 7.4m @ 16.9g/t gold from 485.5m in DDUG0059; 3.8m @ 24.6g/t gold from 503m in DDUG0052; 3.1m @ 31.9g/t gold from 518.9m in DDUG0064; 8.9m @ 12.7g/t gold from 454.7m in DDUG0061 (including 4m @ 22.9g/t gold from 454.7m); 9.0m @ 7.2g/t gold from 492m in DDUG0039 (including 5m @ 10.5g/t gold from 496m); 2.2m @ 25.7g/t gold from 394.3m in DDUG0160; 2.4m @ 22.9g/t gold from 600.2m in DDUG0056; 2.1m @ 42.8g/t gold from 411.6m in DDUG0175; Underground drilling is continuing at the Project with two rigs operating targeting further Resource conversion drilling in advance of the commencement of underground grade control drilling in the September quarter.

Positive

Bellevue Gold Limited Announces High Grade Drilling Results to Drive Reserve Update

2022-04-04 22:18:00

Bellevue Gold Limited announced that more strong drilling results, combined with the expected favourable outcomes of recent project optimisation studies and commercial discussions with contractors, will result in an update to the current 1Moz Reserve at its Bellevue Gold Project in WA. Results are reported for a further 20 underground diamond holes targeting areas of Inferred Resources at the Deacon North target. Recent drilling has continued to target the southern extension of Deacon North towards Deacon Main in areas covered by Inferred mineralisation in the FS2 study, infilling this area to 40 x 40m centres. Recent results continue to reconcile well with the previous block model and intercept the lode position at the anticipated target. The Deacon North area has been targeted from the underground drill platforms from the re-established capital decline and has seen significant growth since the previous Resource and FS2 Study. A total of 101 holes for 42,425m of underground drilling have now been completed at the project since the previous Resource/Reserve estimate. An updated Resource estimate is currently underway to incorporate this drilling and will form the basis of an updated project Reserve during Second Quarter 2022. The planned update has been shifted to the June quarter to allow the inclusion of all the recent drilling and to combine the planned Reserve update with the outputs of the optimised engineering and commercial agreements. The Deacon North area remains open to the North and down dip, and shows excellent continuity across over a 1,000m of strike within the overall 2.2km of Deacon Main-Deacon North-Marceline trend. The lode is located slightly in the hangingwall of mineralisation at the Marceline Lode and is interpreted to represent the continuation of the structure that hosts the Deacon Main area. Latest infill and drill results from the Deacon Lode include: 2.1m @ 42.8g/t gold from 411.6m Including 0.6m @ 142.0 g/t gold from 411.9m in DDUG0175; 2.2m @ 25.7g/t gold from 394.3m in DDUG0160; 1.8m @ 22.6g/t gold from 458.8m in DDUG0169; 2.5m @ 14.2g/t gold from 425.5m in DDUG0166; 1.2m @ 21.7g/t gold from 406.1m in DDUG0155; 0.9m @ 20.0g/t gold from 449.5m in DDUG0168; 3.0m @ 5.2g/t gold from 362m DDUG0159. The latest results are additional to the previously reported infill and extensional results from the Deacon Lode received since the FS2 study which will be included in the pending Resource update: 7.4m @ 16.9g/t gold from 485.5m in DDUG0059; 8.9m @ 12.7g/t gold from 454.7m in DDUG0061 and 1.3m @ 11.5g/t gold from 476.5m (including 4m @ 22.9g/t gold from 454.7m); 3.1m @ 31.9g/t gold from 518.9m in DDUG0064; 3.8m @ 24.6g/t gold from 503m in DDUG0052; 1.2m @ 53.5g/t gold from 564.1m in DDUG0153; 4.0m @ 17.0g/t gold from 457m in DDUG0057; 9.0m @ 7.2g/t gold from 492m in DDUG0039 (including 5m @ 10.5g/t gold from 496m); 2.4m @ 22.9g/t gold from 600.2m in DDUG0056; 2.2m @ 22.6g/t gold from 565.0m in DDUG0070; 4.8m @ 9.2g/t gold from 608.7m in DDUG0038; 3.7m @ 9.2g/t gold from 559.4m in DDUG0141; 2.8m @ 14.6g/t gold from 441m in DDUG050A; 1.5m @ 26.9g/t gold from 500.5m in DDUG0063; 2.4m @ 12.4g/t gold from 554.6m in DDUG0080; 1.5m @ 23.1g/t gold from 552.0m in DDUG0114; 1.5m @ 23.2g/t gold from 633.6m in DDUG0066; 1.2m @ 18.5g/t gold from 403.5m in DDUG0096; 1.0m @ 31.8g/t gold from 651.6m in DDUG0068. The evolution of discovery and Resource drilling at the Deacon North structure is shown in Figure 2. The Deacon North inset (showing drilling since the FS2 Study) is shown in Figure 3 including the location of drill piercements from this release. The Deacon North area is the area of the Deacon structure north of the cross-cutting alphabet A fault. The Deacon structure is of significant scale with high-grade mineralisation over 2.2km of strike and 450m of down dip extent remaining open. Over the next 12 months, underground access will allow continued targeting to the south where broad spaced drilling from surface has intersected results such as 2.3m @ 39.0g/t gold in DRDD273. Future growth will benefit from the already planned and costed access from both the northern and southern declines at Deacon, resulting in further reductions in discovery and Reserve conversion cost per ounce and continued improvements of the already robust project economics.

Negative

Bellevue Gold Limited Advises That Michael Naylor Will Transition from the Roles of Executive Director to Non-Executive Director

2021-12-22 05:39:00

Bellevue Gold Limited advised that Michael Naylor will transition from the roles of Executive Director to Non-executive Director. Mr. Naylor will remain in his current roles until this appointment is made and the transition process is completed, at which point he will become a Non-executive Director. Bellevue Non-executive Chairman Kevin Tomlinson said with the Company's Bellevue Gold Project now fully-funded, Mr. Naylor had decided it was a logical time to step back and begin the transition process.

Negative

Bellevue Gold Limited Advises That Michael Naylor Will Transition from the Roles of Chief Financial Officer to Non-Executive Director

2021-12-22 05:39:00

Bellevue Gold Limited advised that Michael Naylor will transition from the roles of Chief Financial Officer to Non-executive Director. Bellevue has initiated an executive search for a new CFO. Mr. Naylor will remain in his current roles until this appointment is made and the transition process is completed, at which point he will become a Non-executive Director. Bellevue Non-executive Chairman Kevin Tomlinson said with the Company's Bellevue Gold Project now fully-funded, Mr. Naylor had decided it was a logical time to step back and begin the transition process.

Negative

Bellevue Gold Limited Announces Maddison Cramer as Company Secretary

2021-12-20 08:04:00

Bellevue Gold Limited announced that Ms Maddison Cramer will step down as Joint Company Secretary, effective 24 December 2021, to commence parental leave and is expected to return to the same role in 2022. Ms Amber Stanton will remain in the role as Company Secretary of Bellevue.

Neutral

Bellevue Gold Limited expected to report Q1 2022 results on December 22, 2021.

2021-12-16 00:00:00

Bellevue Gold Limited expected to report Q1 2022 results on December 22, 2021. This event was calculated by S&P Global (Created on December 16, 2021).

Negative

Bellevue Gold Limited Appoints Darren Stralow as Chief Executive Officer

2021-11-16 22:51:00

Bellevue Gold Limited announced that it has appointed highly experienced resources executives Darren Stralow and Bill Stirling to the positions of Chief Executive Officer and General Manager respectively. Mr. Stralow and Mr. Stirling, both of whom are Mining Engineers, have had distinguished careers with Northern Star Resources. Mr. Stralow was most recently Chief Development Officer at Northern Star. Prior to this, he held several other senior positions at Northern Star and led the integration of the Company's Australian business units (Jundee, Kanowna Belle and EKJV Operations). As General Manager of Operations, he oversaw several operational expansions and recreated safety systems to drive safety performance. Mr. Stirling's roles at Northern Star included General Manager of Jundee, General Manager of the Kalgoorlie Operations (Kanowna Belle, Kundana, SKO) and General Manager of Bronzewing. He was also responsible for significant operational expansion projects at Jundee, contract negotiations, capital projects, team development and systems implementation.

Negative

Bellevue Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 36.637087 million.

2021-11-12 00:00:00

Bellevue Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 36.637087 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 43,102,455 Price\Range: AUD 0.85

Neutral

Bellevue Gold Limited, Annual General Meeting, Nov 24, 2021

2021-10-24 21:21:00

Bellevue Gold Limited, Annual General Meeting, Nov 24, 2021, at 12:00 W. Australia Standard Time. Location: Meeting Room 2, Perth Convention and Exhibition Centre 21 Mounts Bay Road Perth Western Australia Australia Agenda: To consider the remuneration report; to consider the re-election of Director - Mr Michael Naylor; to consider the approval of change of Auditor; to consider the ratification of prior issue of Placement Shares; to consider the ratification of prior issue of Shares to Macquarie; to consider the approval to issue Shares to Executive Director; to consider the approval to issue Annual LTI Performance Rights to Executive Director; to consider the approval to issue Sustainability Performance Rights to Executive Director; to consider the approval of Deeds of Indemnity, Insurance and Access; and to consider the re-insertion of Proportional Takeover Bid Approval Provisions.

Positive

Bellevue Gold Limited Reports Further Grade Control Drilling Results

2021-10-13 21:25:00

Bellevue Gold Limited report further grade control drilling results which continue to verify the accuracy of the Resource model at the centre of the project's production and financial forecasts. As well as further de-risking the project, the results demonstrate the continuity of the mineralisation. The grade control model reconciles extremely well with the Resource model, including the Inferred Resources in the area tested, further underpinning the robustness of the technical and financial forecasts contained in the Stage 2 Feasibility Study. In the Stage 2 Feasibility Study, the Tribune Lode forms part of the early mine inventory and is currently planned to be mined with an open pit followed by establishment of a portal at the base of the pit and underground development. The early mine life areas of Tribune have been grade control drilled with drilling completed on 10m x 10m spacing by Reverse Circulation (RC) drilling for the top 80m and on a 20m x 10m spacing by diamond core to a depth of 150m and over 400m of strike. Results have now been received for the majority of this drilling, defining significant high-grade mineralisation associated with a vertical quartz lode. Bonanza ore shoots plunge moderately to the south across the plane of the mineralisation. A grade control model has been completed incorporating the results received to date from Tribune. This has encompassed a 400m x 150m area that is subject to the open pit and early underground mining access. The gradecontrol model has been completed using ordinary kriging to a 5m x 5m block size and the results demonstrate anexcellent correlation to, and therefore confirm the robustness of, the Resource model that the Stage 2 FeasibilityStudy is based upon.

Neutral

Bellevue Gold Limited Presents at "BOOM IN A ROOM" INVESTOR CONFERENCE, Oct-14-2021 02:45 PM

2021-10-11 23:55:00

Bellevue Gold Limited Presents at "BOOM IN A ROOM" INVESTOR CONFERENCE, Oct-14-2021 02:45 PM. Venue: RAC Arena, Perth, Western Australia, Australia. Speakers: Steve Parsons, Managing Director.

Neutral

Resources Rising Stars, "BOOM in A ROOM" INVESTOR CONFERENCE, Oct 14, 2021 through Oct 15, 2021

2021-10-11 21:20:00

Resources Rising Stars, "BOOM IN A ROOM" INVESTOR CONFERENCE, Oct 14, 2021 through Oct 15, 2021. Venue: RAC Arena, Perth, Western Australia, Australia.

Positive

Bellevue Gold Limited Reports A Host of High-Grade Assays from Infill Drilling At Its Bellevue Gold Project in WA

2021-09-20 22:22:00

Bellevue Gold Limited reported a host of high-grade assays from infill drilling at its Bellevue Gold project in WA. The latest results support Bellevue's strategy to convert more of the existing 1.4Moz Resources which sit outside the current LOM. The Stage 2 Feasibility Study outlines a 1.56Moz LOM including 1.04Moz of Probable Reserves based on drilling completed up to July 2021. The Stage 2 Feasibility Study forecasts average production of 183,000ozpa over the project's current 8.1-year mine life. This includes 200,000ozpa at an all-in sustaining cost of A$922/oz in the first five years. Along with further drilling, Bellevue will continue optimisation work on the LOM with a view to extending mine life and improving production rate beyond the first 5 years.

Negative

Bellevue Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 109.501768 million.

2021-09-03 00:00:00

Bellevue Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 109.501768 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 128,825,609 Price\Range: AUD 0.85 Discount Per Security: AUD 0.036125 Transaction Features: Subsequent Direct Listing

Negative

Bellevue Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 25 million.

2021-09-02 00:00:00

Bellevue Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 25 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 29,411,765 Price\Range: AUD 0.85

Positive

Bellevue Gold Announces Stage Two Feasibility Study on its Bellevue Gold Project

2021-09-01 23:40:00

Bellevue Gold announced that the Stage Two Feasibility Study on its Bellevue Gold Project in WA shows it will rank among the world's leading gold projects based on the key criteria of grade, production, location and free cashflow generation. The Company's highly successful exploration program has resulted in the Indicated Resource growing from 1Moz in the Stage One Feasibility Study to 1.4Moz in the Stage Two Study 6. Reserves have increased from 690,000oz to 1.04Moz. This expanded inventory has enabled Bellevue to increase the planned throughput rate from 750,000 tonnes a year to 1.0 million tonnes. This results in forecast production in the first five years rising from an annual average of 160,000oz to 200,000oz. The AISC across the life of the project falls from AUD 1,079/oz to just AUD 1,014/oz, and only AUD 922/oz for the first five years. Annual pre-tax free cashflow averages AUD 270M in the first five years.

Positive

Bellevue Gold Limited Reports Further High-Grade Infill and Extensional Drilling Results Which Highlight the Potential to Increase the Resource and Mine Life at its Bellevue Gold Project Beyond the Imminent Stage 2 Feasibility Study

2021-08-02 22:51:00

Bellevue Gold Limited reported further high-grade infill and extensional drilling results which highlight the potential to increase the Resource and mine life at its Bellevue Gold Project beyond the imminent Stage 2 Feasibility Study. The results come from infill and extension drilling and sit outside the current Resource/Reserve model. Bellevue Managing Director Steve Parsons said: "These results show that Bellevue is still very much a come-growth stock. The Company recently released a global Resource upgrade to 3.0Moz @ 9.9g/t gold, including 1.4Moz @ 11.0g/t gold of Indicated Resources, which is expected to form the basis of the Stage 2 Feasibility Study scheduled for release in coming weeks. Drilling on site is now focussed on delivery of further Indicated Resource conversion and growth around the Armand and Deacon Lodes beyond the pending Stage 2 Feasibility Study. At the Armand Lode (hosted in the Bellevue Structure) recent step out hole DRDD721W1 has intercepted one of the best results from the project to date; an intersection of 7.5m @ 53.3g/t gold from 347.8m including 4.1m @ 91.6g/t gold. DRDD720W1 is located immediately south of the current Armand/Hamilton/Henderson Resource which currently includes 0.16Moz @ 11.8g/t gold of Indicated Resources and 0.23Moz @ 8.4g/t gold of Inferred Resources. New step out and infill results which have not been included in the Resource and upcoming Stage 2 Feasibility Study upgrade include: 7.5m @53.3g/t gold from 348.2m including 4.1m @ 91.6g/t gold from 348.2m in DRDD720W1; 2.0m @ 21.5g/t gold from 363.6m in DRDD561; 2.5m @ 20.2g/t gold from 458.2m and 4.5m @ 3.8g/t gold from 473.5m in DRDD573. Armand is open for growth along strike to the south towards the old Bellevue mine and down dip towards the intersection with the Highway Fault. The Bellevue structure also continues to the north and future drilling will focus on both conversion of the Inferred Resources and continuing to step out to the bounding structures and old underground.

Positive

Bellevue Set for Expanded Feasibility Study with Increase in Resources to 3.0Moz At 9.9g/t

2021-07-07 23:24:00

Bellevue Gold advise that the strategy to increase its forecast production rate has been strengthened further by an 11 per cent increase in total Resources to 3.0 million ounces at 9.9g/t. The total Resource has now increased by 25 per cent since the Stage 1 Feasibility Study in February 2021. The Indicated Resource of 1.4Moz at 11.0g/t is up from 1.0Moz at the time of the study. Since the maiden 0.5Moz Resource was announced at the project in August 2018, the Resource has grown at a compound annual growth rate of 84%. The increased inventory will form the basis of the Stage 2 Feasibility Study scheduled for release later this quarter. The new study will consider the option of increasing the production plant capacity from 750,000tpa to 1Mtpa. This expansion is expected to incur minimal additional capital expenditure but have a material impact on the project's economics. The increased Resources and work on the expanded Feasibility Study come as Bellevue prepares to compile a shortlist of the project debt funding proposals it has received from several lenders. Bellevue Managing Director Steve Parsons said the project was making outstanding progress on every front. The Bellevue Gold Project Resource has been updated to include drilling completed between the cut-off date for the Feasibility Study in November 2020 and mid-June 2021. The revised estimate reflects the upgraded Marceline/Deacon North and Deacon Lodes which have been the subject of extensive surface and underground diamond drilling programs during the first half of 2021. Minor changes have also been incorporated at Deacon Main to update the interaction with the alphabet faults. Significantly the combined areas of Marceline and Deacon North now total 0.8 Moz at 8.8 g/t including 0.4 Moz @ 9.9 g/t of Indicated category. Preliminary engineering studies indicate the area will be accessed by a new northern decline which will allow mining to progress simultaneously from both ends of the Deacon Lodes' 2.2km of strike. Development access to the Marceline Area has already commenced with a second heading now being developed to the north to provide access to the Marceline and Armand area with over 120m of decline development already completed, as the southern decline refurbishment continues. Over 2,300m of underground development has now been completed to a vertical depth of 200m below surface. With the Resource upgrade to Marceline and Deacon North, the Deacon Structure is now host to 1.28 Moz @ 10.0g/t including 0.69 Moz @ 11.6 g/t of Indicated Resources. Further drilling is continuing along the Deacon structure from surface and underground targeting further Resource growth and reserve conversion. Since the cut-off for the Feasibility Study 1 in November 2020, the Company has continued to grow the Resource at 75,000 ounces per month. Drilling is ongoing with five surface diamond rigs continuing with an additional two underground rigs operating. Another underground rig will be arriving on site later this year. During the next 12 months as project development progresses, drilling will focus on grade control drilling of early mine areas, further Resource conversion to grow the project reserves and step out exploration growth. The current update has been independently estimated and is based entirely on high quality, oriented diamond drilling at the new discoveries. High-grade lode-gold structures at Bellevue are hosted in the Mount Goode Basalt. Mineralisation is characterised by auriferous quartz veins ± sulphides and range from steeply west dipping to shallowly dipping in orientation with an overall north south strike direction. The lodes are associated with a north-north west trending series of regional shear zones and are occasionally offset by a series of late stage east trending normal faults and low angle syn-min shears. Geological and mineralisation constraints were generated based on gold grade assays and geological observations such as presence of quartz veining and sulphide mineralisation. Structural and geological observations were used to determine the overall attitude of the individual lodes. Infill drilling by Bellevue Gold at the project targets a drillhole spacing of 40m strike by 40m down dip or better, which enables a higher degree of confidence in the geological interpretation. This follows the nominal initial drill pattern spacing of approximately 80m by 80m that the previous Resource estimates have been based on. The Global Mineral Resource area for the Bellevue Project has overall dimensions of 5,300m (north) by 300m (east) and has been interpreted to extend to a maximum of 780m depth below surface. The database consists of both historical data and that generated by Bellevue Gold. Only Bellevue Gold drilling was used for the estimation of Deacon, Marceline, Deacon North, Vlad and Viago. At Tribune and Armand, a mix of data has been used with the majority being Bellevue Gold. For the remainder, such as Hamilton/Henderson, Vanguard and Southern Belle, the majority of the data used has been historical. The current update at Deacon North and Marceline only includes new drilling. Drilling by Bellevue Gold at the Project consists of a combination of RC, diamond and diamond tail drillholes for a total of 439,274 metres. This can be further subdivided into 406 RC drillholes for 30,545m, 802 diamond drillholes for 381,972m, 39 underground diamond holes for 21,920m and 17 RC drillholes with a diamond tail for 4,968m. The majority of assays used in the Resource estimation and all assays in the domains related to the current update were derived from NQ diamond drilling. Sampling was nominally at 1m intervals. Core was cut in half, one half retained as a reference and the other sent for assay. Bellevue Gold Assays were typically completed by Photon Assay whereby a 500g sample was crushed and dried to produce a sample for photon technique gold analysis or additionally pulverised to produce a sub-sample for gold determination by 50g fire assay with an AAS finish. QAQC samples were inserted in the sample runs, comprising gold standards (CRM's or Certified Reference Materials) and commercially sourced blank material (barren basalt). Umpire assaying using Leachwell on the original 500g sample with a Fire Assay on the tail residue has been completed on 500 samples from the BGL assay data set.

Neutral

Bellevue Gold Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 10:45 AM

2021-06-30 19:09:00

Bellevue Gold Limited Presents at Diggers and Dealers Mining Forum, Aug-03-2021 10:45 AM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoolie, Western Australia, Australia. Speakers: Steve Parsons, Managing Director.

Neutral

Bellevue Gold Limited Presents at Noosa Mining and Exploration Investor Conference, Jul-15-2021 02:30 PM

2021-06-30 18:19:00

Bellevue Gold Limited Presents at Noosa Mining and Exploration Investor Conference, Jul-15-2021 02:30 PM. Venue: Peppers Noosa Resort, Noosa Heads, Queensland, Australia. Speakers: Luke Gleeson, Head of Corporate Development.

Fundamental Summary

Looking at Bellevue Gold's financials of Q4 reflected decent results. This typically translates into the stock performing on par with market performance for the upcoming quarter. Therefore, Bellevue Gold received an overall score of 70, translating into a HOLD ranking.

Bellevue Gold announced earnings results for the full year ended June 30, 2021. For the full year, the company announced total revenue was AUD 76,000 compared to AUD 52,000 a year ago. Net loss was AUD 12.243 million compared to AUD 5.687 million a year ago. Basic loss per share from continuing operations was AUD 0.0146 compared to AUD 0.0096 a year ago.

Business Description

Bellevue Gold, together with its subsidiaries, engages in the exploration and evaluation of gold properties in Australia. It holds a 100% interest in the Bellevue gold project covering an area of approximately 2,700 km2 located to north-west of Kalgoorlie, Western Australia; the Yandal gold project covering an area of 867 km2 in Western Australia; and the Kathleen Valley gold project located in Western Australia. The company was formerly known as Draig Resources Limited and changed its name to Bellevue Gold in July 2018. Bellevue Gold was incorporated in 2004 and is based in West Perth, Australia.

Sector Overview

Bellevue Gold is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Bellevue Gold's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 372.4 53.9% 56
Liabilities 15.1 -29.0% 96
Price to Book 2.5 -33.6% 42
Cash & Equivalents 173.4 84.3% 87
Equity 357.2 61.9% 81
EBITDA -12.4 -16.8% 44
Total Revenues 0.0 0.0% 87
Parameter Value Change Score
Return on Equity -5.1 33.9% 83
Net Cashflow 140.9 101.7% 51
Capital Expenditure -81.3 -30.6% 56
Asset Turnover 0.0 0.0% 51
Free Cashflow -0.1 -7.0% 64

* All values are TTM

The below chart reflects Bellevue Gold's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Bellevue Gold's peer average final assessment score stands on 65.0, Bellevue Gold's score is 70.

  •  BGL
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
Northern Star Resources Limited 8.2B 56 56 73
Underperform
55
55 6 1
IGO Limited 7.8B 50 78 72
Hold
71
71 7 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 8 1
Pilbara Minerals Limited 6.9B 86 69 86
Buy
83
83 9 1
Allkem Limited 6.9B 57 61 82
Hold
65
65 10 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 11 1
Evolution Mining Limited 4.8B 82 64 50
Hold
64
64 12 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 13 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 14 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 15 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 16 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 17 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 18 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 19 1
Sims Limited 2.7B 68 69 82
Hold
74
74 20 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 21 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 22 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 23 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 24 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 25 1
Core Lithium Ltd 1.8B 83 70 69
Hold
76
76 26 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 27 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 28 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 29 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 30 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 31 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 32 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 33 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 34 1
Sayona Mining Limited 1.2B 66 73 68
Hold
71
71 35 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 36 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 37 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 38 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 39 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 40 1
Equigold NL 854.0M 50 65 87
Hold
67
67 41 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 42 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 43 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 44 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 45 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 46 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 47 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 48 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 49 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 50 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 51 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 52 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 53 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 54 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 55 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 56 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 57 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 58 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 59 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 60 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 61 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 62 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 63 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 64 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 65 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 66 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 67 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 68 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 69 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 70 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 71 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Bellevue Gold's stock is now priced below its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a negative setup in the near, medium, and long-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Bellevue Gold's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 42.

Bearish 42
Close Price 0.68
52W Low 0.66
52W High 1.12
5D MA 0.69
50D MA 0.86
200D MA 0.87
MACD -0.05
RSI 1.23
STOCH 9.52

Balance Sheet Analysis

Overall, Bellevue Gold's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. In terms of liabilities, Bellevue Gold published good numbers. Their reported liabilities were 15.1, representing a -29.0% change from the previous report. These numbers show that management has successfully encouraged growth while managing liabilities, especially relative to their peers. These results statistically lead to positive movement in stock prices, so we rated its liabilities movement component 96. Also, Bellevue Gold reported a positive trendline in their cash and cash equivalents metrics. Specifically, they reported that cash and cash equivalents were 173.4, representing 84.3% change from the last report. This impressive growth, specifically in contrast to their industry peers' performance, should support an upswing in the company's stock price. Therefore, its cash and cash equivalents movement earned a score of 87. However, one concerning metric, Book Value Factors, stood out. Bellevue Gold publishes discouraging results related to book value factors in this report. As of the current filing, price to book ratio (P/B) was reported as 2.5, representing a -33.6% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 0.3%. The company's book value factors were lackluster and showed that management hasn't figured out how to overperform expectations. Disappointing results in book value factors typically precede negative pressure in stock prices, so its book value factors received a grade of 42. The company's balance sheet, Therefore, earned a score of 84.

Parameter Value Change Score
Assets 372.4 53.9% 56
Liabilities 15.1 -29.0% 96
Price to Book 2.5 -33.6% 42
Cash & Equivalents 173.4 84.3% 87
Equity 357.2 61.9% 81
* All values are TTM

The below chart describes Bellevue Gold's performance as reflected on its balance sheet with respect to its peers. While Bellevue Gold received a balance sheet score of 84, the average of its peers stands on 69.0.

  •  BGL
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
Northern Star Resources Limited 8.2B 87 70 56 48 65 56 6 1
IGO Limited 7.8B 43 37 80 42 63 50 7 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 8 1
Pilbara Minerals Limited 6.9B 87 59 81 87 56 86 9 1
Allkem Limited 6.9B 53 64 44 65 89 57 10 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 11 1
Evolution Mining Limited 4.8B 47 57 76 96 54 82 12 1
Alumina Limited 4.4B 51 69 50 46 84 50 13 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 14 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 15 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 16 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 17 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 18 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 19 1
Sims Limited 2.7B 85 72 83 49 57 68 20 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 21 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 22 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 23 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 24 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 25 1
Core Lithium Ltd 1.8B 37 55 82 94 66 83 26 1
Chalice Mining Limited 1.5B 98 78 39 46 89 54 27 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 28 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 29 1
West African Resources Limited 1.3B 92 56 81 92 42 87 30 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 31 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 32 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 33 1
Lake Resources NL 1.2B 78 74 55 64 78 66 34 1
Sayona Mining Limited 1.2B 78 74 55 64 78 66 35 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 36 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 37 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 38 1
ioneer Ltd 867.9M 98 56 80 86 52 85 39 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 40 1
Equigold NL 854.0M 57 46 86 50 45 50 41 1
Ramelius Resources Limited 828.4M 67 41 78 48 49 56 42 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 43 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 44 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 45 1
Imdex Limited 796.9M 59 69 83 61 75 71 46 1
St Barbara Limited 701.5M 80 69 51 49 61 53 47 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 48 1
Red 5 Limited 671.6M 49 45 39 55 96 47 49 1
Boart Longyear Group Ltd. 651.0M 85 79 39 60 87 60 50 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 51 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 52 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 53 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 54 1
Neometals Ltd 531.9M 97 77 46 50 97 60 55 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 56 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 57 1
Perenti Global Limited 461.4M 68 71 51 61 74 60 58 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 59 1
Panoramic Resources Limited 420.4M 78 75 43 58 85 58 60 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 61 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 62 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 63 1
Bowen Coking Coal Limited 385.5M 78 74 55 64 78 66 64 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 65 1
Galan Lithium Limited 362.2M 78 74 55 64 78 66 66 1
Talga Group Ltd 359.9M 90 78 38 45 95 53 67 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 68 1
Metals X Limited 344.8M 90 77 50 67 80 68 69 1
Pantoro Limited 330.8M 78 74 55 64 78 66 70 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 71 1
Macmahon Holdings Limited 283.7M 47 61 72 78 44 68 72 1
Lotus Resources Limited 277.3M 78 74 55 64 78 66 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

Overall, Bellevue Gold's critical income statement metrics appear to signal strong support and a high likelihood of positive growth going forward. Bellevue Gold did an excellent job managing its revenue efficiency this past period. Bellevue Gold's revenue efficiency is 0.0 according to the metrics in the current filing, which represents a 0.0% change from the previous report. This parameter often affects companies in the same industry and market capitalization by up to 24.0%. Their impressive revenue efficiency is even more impressive relative to its peers and competitors in the current market. The company's revenue efficiency, therefore, received a grade of 87. Also, In this filing, Bellevue Gold reported a return on equity (ROE) ratio of -5.1, which represents a change of 33.9%. The company appears headed in the right direction in terms of these return factors, exhibiting prudent capital expenditure growth compared to its peers. The company's return factors (ROA & ROE) components, therefore, received a grade of 83. However, one discouraging result, EBITDA, stood out. Bellevue Gold reported concerning EBITDA this period. At filing, EBITDA was reported as -12.4, representing -16.8% change from the previous period. This metric might have a 20.0 percent impact on companies in the same industry and with the same market capitalization. Bellevue Gold appears to be headed in the wrong direction in terms of EBITDA momentum, likely due to insufficient capital controls and a weaker than expected overall financial performance. Therefore, their EBITDA component earned a score of 44. Its income statement, therefore, earned a score of 69.

Parameter Value Change Score
EBITDA -12.4 -16.8% 44
Total Revenues 0.0 0.0% 87
Return on Equity -5.1 33.9% 83
* All values are TTM

The below chart describes Bellevue Gold's performance as reflected on its income statement with respect to its peers. While Bellevue Gold received a income statement score of 69 , the average of its peers stands on 66.0.

  •  BGL
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
Northern Star Resources Limited 8.2B 48 66 68 56 6 1
IGO Limited 7.8B 98 72 48 78 7 1
BlueScope Steel Limited 7.3B 86 71 66 72 8 1
Pilbara Minerals Limited 6.9B 38 96 96 69 9 1
Allkem Limited 6.9B 46 75 74 61 10 1
OZ Minerals Limited 6.2B 48 82 82 66 11 1
Evolution Mining Limited 4.8B 94 46 43 64 12 1
Alumina Limited 4.4B 87 73 76 79 13 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 14 1
Iluka Resources Limited 3.9B 50 62 89 60 15 1
Andean Resources Ltd. 3.7B 37 89 91 97 16 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 17 1
Nickel Industries Limited 2.8B 66 61 55 60 18 1
AVZ Minerals Limited 2.8B 87 63 41 68 19 1
Sims Limited 2.7B 45 90 92 69 20 1
Zimplats Holdings Limited 2.6B 94 50 52 68 21 1
Liontown Resources Limited 2.4B 87 78 91 84 22 1
Perseus Mining Limited 2.3B 42 88 83 65 23 1
Deterra Royalties Limited 2.3B 45 83 66 61 24 1
Sandfire Resources Limited 1.9B 64 73 74 69 25 1
Core Lithium Ltd 1.8B 87 47 81 70 26 1
Chalice Mining Limited 1.5B 99 65 76 81 27 1
Grange Resources Limited 1.5B 74 61 61 64 28 1
Capricorn Metals Ltd 1.3B 37 98 97 69 29 1
West African Resources Limited 1.3B 43 84 63 59 30 1
Silver Lake Resources Limited 1.2B 95 42 41 63 31 1
De Grey Mining Limited 1.2B 44 45 76 47 32 1
Gold Road Resources Limited 1.2B 94 48 49 67 33 1
Lake Resources NL 1.2B 87 62 66 73 34 1
Sayona Mining Limited 1.2B 87 62 66 73 35 1
Regis Resources Limited 1.1B 65 50 45 53 36 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 37 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 38 1
ioneer Ltd 867.9M 87 55 60 69 39 1
Syrah Resources Limited 856.9M 38 67 62 50 40 1
Equigold NL 854.0M 79 44 91 65 41 1
Ramelius Resources Limited 828.4M 94 51 48 68 42 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 43 1
Jervois Global Limited 813.1M 37 94 93 71 44 1
Mincor Resources NL 808.9M 98 57 59 77 45 1
Imdex Limited 796.9M 77 60 56 56 46 1
St Barbara Limited 701.5M 93 56 53 70 47 1
Emerald Resources NL 679.4M 37 96 94 68 48 1
Red 5 Limited 671.6M 95 58 66 75 49 1
Boart Longyear Group Ltd. 651.0M 93 58 67 74 50 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 51 1
Westgold Resources Limited 575.3M 84 58 43 65 52 1
OM Holdings Limited 563.6M 50 96 97 75 53 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 54 1
Neometals Ltd 531.9M 87 66 56 72 55 1
Adriatic Metals PLC 528.8M 87 62 66 73 56 1
Argosy Minerals Limited 467.8M 87 62 66 73 57 1
Perenti Global Limited 461.4M 73 81 87 78 58 1
Champion Iron Limited 441.1M 95 50 45 71 59 1
Panoramic Resources Limited 420.4M 95 50 62 71 60 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 61 1
Alkane Resources Limited 402.0M 68 74 74 70 62 1
Centaurus Metals Limited 397.2M 87 62 66 73 63 1
Bowen Coking Coal Limited 385.5M 87 62 66 73 64 1
Jupiter Mines Limited 372.2M 96 46 50 81 65 1
Galan Lithium Limited 362.2M 87 62 66 73 66 1
Talga Group Ltd 359.9M 87 40 47 60 67 1
BCI Minerals Limited 349.8M 94 47 56 68 68 1
Metals X Limited 344.8M 94 84 79 87 69 1
Pantoro Limited 330.8M 87 62 66 73 70 1
Aurelia Metals Limited 327.8M 68 58 49 58 71 1
Macmahon Holdings Limited 283.7M 88 51 48 65 72 1
Lotus Resources Limited 277.3M 87 62 66 73 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

Bellevue Gold's recently published cash flow conveyed disappointing growth, particularly concerning Net Cash Flow and Asset Turnover metrics. Bellevue Gold's management was not successful in meaningfully improving their cash flow metrics. As of the current filing, they were reported as 140.9 and represented a 101.7% change from the previous period. Bellevue Gold's net cash flow metrics are especially disappointing relative to their peers. Consequently, their net cash flow movement received a grade of 51. Also, Bellevue Gold's asset turnover metrics were concerning and highlighted potential issues management is having effectively turning assets into sales efficiently. At filing, their asset turnover metrics were 0.0, representing a 0.0% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 2.7%. The company's asset turnover metrics seem especially problematic relative to their peers. Underwhelming results in asset turnover metrics often lead to negative pressure in stock prices, so we rated its asset turnover momentum 51. However, one encouraging metric, Free Cash flow, stood out. Bellevue Gold's published free cash flow numbers were substantial and reflected management's focus on a healthy change strategy. Bellevue Gold recorded free cash flow of -0.1, which represents a -7.0% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 4.3%. Their free cash flow situation is all the more impressive relative to their peers and competitors. Therefore, its free cash flow movement earned a score of 64. Therefore, it received a cautionary score of 54.

Parameter Value Change Score
Net Cashflow 140.9 101.7% 51
Capital Expenditure -81.3 -30.6% 56
Asset Turnover 0.0 0.0% 51
Free Cashflow -0.1 -7.0% 64
* All values are TTM

The below chart describes Bellevue Gold's performance as reflected on its cash flow with respect to its peers. While Bellevue Gold received a cash flow score of 54, the average of its peers stands on 64.0.

  •  BGL
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
Northern Star Resources Limited 8.2B 70 58 54 91 73 6 1
IGO Limited 7.8B 80 73 66 57 72 7 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 8 1
Pilbara Minerals Limited 6.9B 87 97 76 78 86 9 1
Allkem Limited 6.9B 75 77 70 84 82 10 1
OZ Minerals Limited 6.2B 69 97 66 73 78 11 1
Evolution Mining Limited 4.8B 54 49 61 39 50 12 1
Alumina Limited 4.4B 68 74 76 70 72 13 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 14 1
Iluka Resources Limited 3.9B 75 84 52 74 74 15 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 16 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 17 1
Nickel Industries Limited 2.8B 75 63 76 61 70 18 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 19 1
Sims Limited 2.7B 83 98 56 82 82 20 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 21 1
Liontown Resources Limited 2.4B 59 69 76 51 62 22 1
Perseus Mining Limited 2.3B 69 94 90 83 83 23 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 24 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 25 1
Core Lithium Ltd 1.8B 61 69 76 72 69 26 1
Chalice Mining Limited 1.5B 53 62 84 38 55 27 1
Grange Resources Limited 1.5B 75 79 76 62 73 28 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 29 1
West African Resources Limited 1.3B 73 84 42 58 66 30 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 31 1
De Grey Mining Limited 1.2B 80 69 76 61 73 32 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 33 1
Lake Resources NL 1.2B 68 69 76 60 68 34 1
Sayona Mining Limited 1.2B 68 69 76 60 68 35 1
Regis Resources Limited 1.1B 65 76 68 69 69 36 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 37 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 38 1
ioneer Ltd 867.9M 47 57 54 51 51 39 1
Syrah Resources Limited 856.9M 59 58 43 98 69 40 1
Equigold NL 854.0M 91 69 72 84 87 41 1
Ramelius Resources Limited 828.4M 59 56 81 58 62 42 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 43 1
Jervois Global Limited 813.1M 43 51 38 82 54 44 1
Mincor Resources NL 808.9M 63 63 72 45 57 45 1
Imdex Limited 796.9M 71 72 79 73 74 46 1
St Barbara Limited 701.5M 54 46 71 55 56 47 1
Emerald Resources NL 679.4M 84 81 80 81 84 48 1
Red 5 Limited 671.6M 68 49 48 59 59 49 1
Boart Longyear Group Ltd. 651.0M 62 74 81 63 68 50 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 51 1
Westgold Resources Limited 575.3M 59 69 71 59 63 52 1
OM Holdings Limited 563.6M 75 90 90 75 82 53 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 54 1
Neometals Ltd 531.9M 62 54 71 52 60 55 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 56 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 57 1
Perenti Global Limited 461.4M 61 69 54 78 67 58 1
Champion Iron Limited 441.1M 56 69 51 49 55 59 1
Panoramic Resources Limited 420.4M 69 69 79 54 67 60 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 61 1
Alkane Resources Limited 402.0M 69 58 68 71 68 62 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 63 1
Bowen Coking Coal Limited 385.5M 68 69 76 60 68 64 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 65 1
Galan Lithium Limited 362.2M 68 69 76 60 68 66 1
Talga Group Ltd 359.9M 53 48 76 70 62 67 1
BCI Minerals Limited 349.8M 62 54 76 49 60 68 1
Metals X Limited 344.8M 70 81 72 55 68 69 1
Pantoro Limited 330.8M 68 69 76 60 68 70 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 71 1
Macmahon Holdings Limited 283.7M 72 53 46 57 62 72 1
Lotus Resources Limited 277.3M 68 69 76 60 68 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

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