S&P/ASX 200 Index (ASX: XJO) gold stock Bellevue Gold Ltd (ASX: BGL) is charging higher today.
Bellevue Gold shares closed on Friday trading for 85.5 cents apiece. In morning trade on Monday, shares are changing hands for 89.0 apiece, up 4.1%.
This leaves shares in the beaten-down ASX 200 gold stock – which has come under selling pressure in part due to the significant capital expenditure required to develop its Bellevue Gold Project – down 21.9% so far in 2025.
Here's what's grabbing ASX investor interest today.
ASX 200 gold stock soars on record cash flows
The Bellevue Gold share price is enjoying a welcome day of outperformance following the release of the miner's June quarterly update.
For the three months to 30 June, the ASX 200 gold stock produced 38,900 ounces of gold, up 55.0% from the March quarter. Gold sales of 38,800 ounces were up 50.4%.
Bellevue sold that gold for an average realised price of AU$5,147 per ounce at an all-in sustaining cost (AISC) of AU$2,253 per ounce. That compares quite favourably to the AISC of AU$3,124 per ounce reported in the prior quarter.
Ore mined during the quarter came in at 290,000 tonnes at 4.7 g/t gold for 43,500 ounces. At the end of the quarter, around 4,000 ounces remained on the run of mine (ROM) stockpile and in crushed stocks.
The three-month period also saw Bellevue set a number of new records, including a record quarterly processed ore of 287,000 tonnes at 4.5 g/t gold and a 94.4% recovery. The miner said that recovery in June 2025 was around 95% following modifications implemented as part of its plant upgrade.
The ASX 200 gold stock also reported record quarterly free cash flow of $67 million, up from the $30 million outflow in the March quarter.
Debt remained unchanged at $100 million, with no minimum mandatory principal repayments due until calendar year 2027.
On the sustainability front, Bellevue Gold reported it remains on track to be the first net-zero emissions gold miner on earth next year.
Management noted:
During the quarter the installation of four wind turbines was completed with the operation recording 58 consecutive hours on 100% renewable energy with thermal engines off and zero emissions. This is a major step on the journey towards being the world's first net zero (scope 1 and 2) emissions gold producer by 2026.
What happened over the full year?
Bellevue Gold said, "Despite the much-improved performance, quarterly gold production was impacted by a short delay accessing a key stope at Deacon and some unplanned plant maintenance early in the quarter."
This sees full-year FY 2025 annual production for the ASX 200 gold stock coming in at 126,139 ounces, with 130,164 ounces of gold sold. Annual AISC was AU$2,422 per ounce, and growth capital was AU$148 million.
Management said the miner will provide its FY 2026 annual production and cost guidance in early August.
