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Alkane Resources Ltd (ASX:ALK)

ALERT: Price-sensitive ASX Announcement for ALK
Current share price for ALK : $1.440 -0.135 (-8.57%)+
Announcement
Release
15 May 2026 8:26AM
Price at Release
$1.575
Full Release
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Summary
Alkane Resources Ltd reported a record net profit of $93 million for the third quarter of FY2026, ending on 31 March 2026. This represents a significant increase from the $8.1 million profit in the same quarter of the previous year. The company's consolidated revenue was $274.4 million, driven by the addition of production from Costerfield and Björkdal mines, as well as higher gold prices. Alkane produced 44,669 ounces of gold and 377 tonnes of antimony, resulting in gold equivalent sales of 43,373 ounces. The strong performance is attributed to increased production, efficient cost management, and favorable market conditions for gold and antimony. Alkane's EBITDA for the quarter was $161.2 million, and the company ended the quarter with a robust financial position, holding $374 million in cash, bullion, and liquid investments.
Key Points
  • Alkane Resources reported a record net profit of $93 million for Q3 FY2026.
  • The company's revenue for the quarter was $274.4 million.
  • Record production included 44,669 ounces of gold and 377 tonnes of antimony.
  • Gold equivalent sales were 43,373 ounces.
  • Alkane achieved an EBITDA of $161.2 million for the quarter.
  • The company has a strong financial position with $374 million in cash, bullion, and investments.
  • The increase in profit and revenue was driven by new production from Costerfield and Björkdal mines.
  • Alkane benefited from high gold and antimony prices.
  • The company is on track to meet its FY2026 production and cost guidance.
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.