Alkane Resources Fiscal Q3 Gold Production Rises

MT Newswires Live04-09 07:57

Alkane Resources (ASX:ALK) reported total production of 44,669 ounces of gold, 377 tonnes of antimony, and 45,776 ounces of gold equivalent for the fiscal third quarter, according to a Thursday filing with the Australian bourse.

The company produced 17,656 ounces of gold a year ago, an earlier filing showed.

Production included 21,652 ounces of gold from the Tomingley mine in New South Wales; 11,691 ounces of gold equivalent from the Costerfield mine in Victoria; and 12,433 ounces of gold from the Bjorkdal mine in Sweden, per the filing.

The company also reported sales of 42,550 ounces of gold and 280 tonnes of antimony during the March quarter.

The company holds AU$362 million in cash and bullion, with pro forma liquidity of AU$472 million, including an undrawn AU$110 million revolving credit facility.

Additionally, the company reaffirmed its fiscal 2026 guidance of 160,000 to 175,000 ounces of gold equivalent production at an all-in sustaining cost of AU$2,600 to AU$2,900 per ounce of gold equivalent.

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