Darren Stralow

Northern Star Resources' chief development officer and general manager will exit the business to take top jobs with Bellevue Gold, adding to a string of departures since merging with Saracen Minerals.

Bellevue Gold’s Steve Parsons has sold half of his stake in the aspiring gold miner for a tidy $17.8 million in his transition from managing director to a non-executive board role.

Perth-based NRW Holdings has secured a $24 million contract from aspiring miner Bellevue Gold for work at its nameplate project in the northern Goldfields.

Bellevue Gold has inked a deal to refine its gold with independent ABC Refinery alongside an agreement with Zenith Energy to build a hybrid power station at its namesake project.

Bellevue Gold has announced its monthly production increased by 28 per cent in February - from 10,475 ounces to 13,364oz - on the back of higher grades, coupled with underground stoping ore.

Bellevue Gold's positive start to the week has continued, after it posted a $2.18 million net profit after tax for the first six months of the 2024 financial year.

Bellevue Gold is tapping investors for more than $175 million to help pay down half of its debt, while announcing a five-year growth plan to accelerate exploration.

Remarks by Wayne Bramwell to Business News this time last year have proved somewhat prophetic, considering recent events in the Western Australian gold sector.

Bellevue Gold’s transition from gold developer to producer has resulted in posting a net profit after tax of $75.4 million for the 2024 financial year.

Bellevue Gold’s push to produce 250,000 ounces per annum by the 2028 financial year is another step towards becoming a reality.

GOLD WRAP: De Grey Mining has trumpeted the economics of its Hemi project in a record gold price environment, while Genesis Minerals has restarted its Laverton mill ahead of schedule.

Bellevue Gold reported softer production but remains on track to meet its full-year target during what its managing director described as a “pivotal quarter” for the goldminer.

Newmont Corporation shares have lost almost 20 per cent of their value in two days, as concerns over costs at the world’s largest goldminer continue to weigh on the business.

Shareholder returns were not always reflected in the scale and growth of public-listed executive pay packets last financial year.

Shares in Darren Stralow-led Bellevue Gold dipped by 12 per cent early on Monday, following news the gold producer had revised its annual production guidance for the 2025 financial year.

Bellevue Gold has downgraded full-year production guidance at its namesake goldmine, as development of its underground project progressed slower than expected.

Bellevue Gold has stepped back from its five-year production plan, will undertake a $156 million equity raising, and has launched a strategic review into recent troubles at its namesake goldmine.