Alkane Resources Posts Higher Q3 Gold Production, Reiterates Fiscal Year 2026 Production Guidance

MT Newswires Live
Apr 23

Alkane Resources (ASX:ALK) said fiscal third-quarter gold equivalent production was 45,776 ounces at an all-in sustaining cost (AISC) of AU$2,928 per ounce, with site operating cash flow of AU$189 million for the quarter, according to a Thursday Australian bourse filing.

The company reported gold production of 17,656 ounces in the same period a year prior, an earlier filing showed.

The company said gold equivalent sales for the quarter were 43,373 ounces for revenue of AU$275 million, at an average gold price of AU$6,330 per ounce and an average antimony price of AU$34,394 per tonne.

Cash, bullion, and listed investment balance stood at AU$374 million after AU$16 million of corporate income tax payments during the quarter, with an AU$110 million revolving credit facility and AU$40 million contingent instrument facility executed during the quarter, the filing added.

The company added that its full-year group guidance remains at 160,000 to 175,000 ounces of gold equivalent at AISC of AU$2,600 to AU$2,900 per ounce.

The company was included in the S&P/ASX 200 effective on April 22, the filing said.

Its shares fell 2% in recent Thursday trade.

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