Hedging As at 31 December 2023, Bellevue had committed hedging of 2 50,000 ounces of gold sold at an average hedge price of $2,785/oz. A further 50,000 ounces of hedging was added during the quarter, with 25,000 ounces of hedging added as part of meeting conditions precedent for utilisation of the working capital facility (weighted average price over hedge tenors of A$3,191/oz) and 25,000 ounces added over the 6 quarters to 30 June 2025 (at a flat average hedge price of $3,233/oz). The overall hedged position represents approximately 19% of total current project Reserves. The delivery profile is shown in Figure 9.
Hedging As at 31 December 2023, Bellevue had committed hedging...
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