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Alkane Resources Ltd (ASX:ALK)

ALERT: Price-sensitive ASX Announcement for ALK
Current share price for ALK : $1.440 -0.21 (-12.73%)+
Announcement
Release
23 Apr 2026 8:23AM
Price at Release
$1.650
Full Release
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Summary
The quarterly report for Alkane Resources Ltd for the period ending 31 March 2026 highlights significant operational and financial activities. The company reported a record gold production of 45,776 ounces of gold equivalent with an all-in sustaining cost (AISC) of $2,928 per ounce. The report details the merger with Mandalay Resources, which has impacted production figures. The Tomingley Gold Operations, a wholly owned subsidiary, produced 21,652 ounces of gold with a cash cost of $2,021 per ounce. The company also outlined ongoing exploration activities in Costerfield and Tomingley. Financially, Alkane achieved a quarterly revenue of $275 million from gold equivalent sales of 43,373 ounces. They ended the quarter with cash, bullion, and liquid investments totaling $374 million, and secured a $110 million revolving credit facility. Alkane is set to be included in the S&P/ASX 200 Index, enhancing its visibility to investors.
Key Points
  • Record gold production of 45,776 AuEq oz at AISC of $2,928/AuEq oz.
  • Progress on merger with Mandalay Resources affecting production figures.
  • Tomingley Gold Operations produced 21,652 ounces of gold.
  • Exploration activities in Costerfield and Tomingley continue.
  • Quarterly revenue reached $275 million from 43,373 ounces of gold equivalent sales.
  • Total cash, bullion, and investments amounted to $374 million.
  • Secured a $110 million revolving credit facility.
  • Inclusion in the S&P/ASX 200 Index effective 22 April 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.