{"id":623582,"date":"2026-09-22T05:36:09","date_gmt":"2026-09-22T05:36:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/623582\/"},"modified":"2026-09-22T05:36:09","modified_gmt":"2026-09-22T05:36:09","slug":"bellevue-gold-bgl-asx-counts-200m-cost-from-bad-macquarie-mqg-asx-hedges-forcing-it-to-sell-bullion-at-less-than-half-market-price","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/623582\/","title":{"rendered":"Bellevue Gold (BGL ASX) counts $200m cost from bad Macquarie (MQG ASX) hedges forcing it to sell bullion at less than half market price"},"content":{"rendered":"<p>Bad hedging contracts cost Bellevue Gold almost $200 million in the past financial year, after the miner in 2021 locked in prices for its future production as part of a funding deal with Macquarie.<\/p>\n<p>While rivals have rewarded shareholders with bumper payouts flowing from the soaring price of gold, Bellevue has been obliged to sell much of its bullion at less than half <a href=\"https:\/\/www.afr.com\/markets\/commodities\/gold-bulls-vindicated-as-prices-roar-back-above-us4500-20260820-p60pyj\" rel=\"nofollow noopener\" target=\"_blank\">the market price<\/a> and has not paid a dividend.<\/p>\n<p>Loading&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"Bad hedging contracts cost Bellevue Gold almost $200 million in the past financial year, after the miner in&hellip;\n","protected":false},"author":2,"featured_media":623583,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[114,85,46,190],"class_list":["post-623582","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-il","tag-israel","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/623582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=623582"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/623582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/623583"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=623582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=623582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=623582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}