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Alkane Resources Ltd (ASX:ALK)

ALERT: Price-sensitive ASX Announcement for ALK
Current share price for ALK : $1.570 0.25 (18.94%)+
Announcement
Release
21 Jul 2026 8:21AM
Price at Release
$1.320
Full Release
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Summary
Alkane Resources Ltd reported a strong financial performance for FY26, achieving a record cash level of $454 million and proposing its maiden dividend of 2 cents per share, fully franked. The company produced 168,337 ounces of gold equivalent throughout the year. Despite higher costs, the operating cash flow for Q4 was $174 million. Alkane has provided guidance for FY27 with production estimated between 163,000 and 177,000 gold equivalent ounces at an all-in sustaining cost of $2,900 to $3,200 per ounce. Significant exploration and growth capital expenditures are planned to ensure continued expansion and development of resources.
Key Points
  • Alkane Resources achieved a record cash level of $454 million by the end of Q4 FY26.
  • The company produced 168,337 ounces of gold equivalent for FY26.
  • Alkane proposed its first ever dividend of 2 cents per share, fully franked, subject to board approval.
  • Operating cash flow for the quarter was $174 million, contributing to a strong financial position.
  • FY27 production guidance is set at 163-177koz gold equivalent at an AISC of $2,900-$3,200 per ounce.
  • Exploration and growth capital expenditures are expected to increase, focusing on key projects across operations.
  • Significant drilling and exploration activities were undertaken at various sites, aiming to expand resources.
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.