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Alkane Resources Ltd (ASX:ALK)

ALERT: Price-sensitive ASX Announcement for ALK
Current share price for ALK : $1.390 -0.185 (-11.75%)+
Announcement
Release
15 May 2026 8:26AM
Price at Release
$1.575
Full Release
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Summary
In the third quarter of the fiscal year 2026, Alkane Resources Ltd reported significant financial growth and operational expansion. The company achieved a revenue of $274.4 million, a substantial increase from $63.2 million in the same quarter of the previous year, largely due to higher gold production and sales from the Tomingley, Costerfield, and Björkdal mines. Cash operating costs per ounce of gold equivalent remained stable at $2,037, while all-in sustaining costs rose to $2,928 per ounce. The quarter saw a notable increase in gold sales volume, with 43,373 gold equivalent ounces sold, attributed to improved production and the inclusion of new operations. Additionally, Alkane's net profit rose to $92.99 million, and free cash flow increased to $127.6 million, reflecting enhanced operational efficiencies and strategic investments. The company closed the quarter with a strong cash position of $328 million, bolstered by record gold prices and successful financial management.
Key Points
  • Revenue increased to $274.4 million, up from $63.2 million YoY.
  • Gold equivalent sales reached 43,373 ounces, driven by production improvements.
  • Cash operating costs per ounce gold equivalent produced were $2,037.
  • All-in sustaining costs per ounce increased to $2,928.
  • Net profit rose to $92.99 million compared to $8.1 million in Q3 2025.
  • Free cash flow significantly increased to $127.6 million.
  • Cash reserves at the end of the quarter were $328 million.
  • Gold production expanded with the addition of Costerfield and Björkdal mines.
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.