Alkane Resources proposes maiden dividend on $454M cash

Full story: https://grafa.com/en/news/australia/alkane-resources-proposes-maiden-dividend-on-454m-cash

Alkane Resources completed Q4 FY26 with 42,491 gold equivalent ounces produced, meeting the upper half of its full-year targets.
Strong operational performance pushed the company's total cash, bullion, and listed investments balance to $454 million, supporting a proposed maiden fully franked dividend of 2 cents per share.
Management projected FY27 group production between 163,000 and 177,000 gold equivalent ounces at an all-in sustaining cost of $3,200 per ounce.

Alkane Resources (ASX:ALK) delivered Q4 gold equivalent production of 42,491 ounces, boosting its total cash balance to $454 million.

Full-year output reached 168,337 gold equivalent ounces, landing in the top half of company guidance.

"Reflecting this strong financial position, the Board has proposed Alkane's first ever dividend of 2 cents per share," said Alkane Resources Managing Director and CEO Nic Earner.

The miner generated site operating cash flow of $174 million for the quarter while completing 8,500 ounces of hedges.

Following the announcement, the Alkane Resources share price was unchanged at $1.37.

Alkane stated that recent drilling at its Northern Molong Porphyry Project defined further gold-copper mineralisation.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":588435647472776,"tweetId":"588435647472776","gmtCreate":1784691154652,"gmtModify":1784693549397,"author":{"id":4169784042383112,"idStr":"4169784042383112","authorId":4169784042383112,"authorIdStr":"4169784042383112","name":"Grafa","avatar":"https://community-static.tradeup.com/news/ec1614006170d0aa3182195a94e8944d","vip":2,"userType":2,"introduction":"Grafa generates AI-driven data, news and analysis about NYSE, Nasdaq and ASX stocks","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":254,"starInvestorFlag":false},"themes":[],"images":[{"img":"https://community-static.tradeup.com/news/e7a9d71c6dbf622dcfcb634cae5444be","width":"1200","height":"1200"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/e7a9d71c6dbf622dcfcb634cae5444be","width":"1200","height":"1200"}],"title":"Alkane Resources proposes maiden dividend on $454M cash","html":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e7a9d71c6dbf622dcfcb634cae5444be\" tg-width=\"1200\" tg-height=\"1200\"></p>\n<p>Full story: https://grafa.com/en/news/australia/alkane-resources-proposes-maiden-dividend-on-454m-cash</p>\n<ul>\n <li>\n  <p>Alkane Resources completed Q4 FY26 with 42,491 gold equivalent ounces produced, meeting the upper half of its full-year targets.</p></li>\n <li>\n  <p>Strong operational performance pushed the company's total cash, bullion, and listed investments balance to $454 million, supporting a proposed maiden fully franked dividend of 2 cents per share.</p></li>\n <li>\n  <p>Management projected FY27 group production between 163,000 and 177,000 gold equivalent ounces at an all-in sustaining cost of $3,200 per ounce.</p></li>\n</ul>\n<p style=\"text-align: start;\">Alkane Resources (ASX:ALK) delivered Q4 gold equivalent production of 42,491 ounces, boosting its total cash balance to $454 million.</p>\n<p style=\"text-align: start;\">Full-year output reached 168,337 gold equivalent ounces, landing in the top half of company guidance.</p>\n<p style=\"text-align: start;\">\"Reflecting this strong financial position, the Board has proposed Alkane's first ever dividend of 2 cents per share,\" said Alkane Resources Managing Director and CEO Nic Earner.</p>\n<p style=\"text-align: start;\">The miner generated site operating cash flow of $174 million for the quarter while completing 8,500 ounces of hedges.</p>\n<p style=\"text-align: start;\">Following the announcement, the Alkane Resources share price was unchanged at $1.37.</p>\n<p style=\"text-align: start;\">Alkane stated that recent drilling at its Northern Molong Porphyry Project defined further gold-copper mineralisation.</p></body></html>","htmlText":"<html><head></head><body><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e7a9d71c6dbf622dcfcb634cae5444be\" tg-width=\"1200\" tg-height=\"1200\"></p>\n<p>Full story: https://grafa.com/en/news/australia/alkane-resources-proposes-maiden-dividend-on-454m-cash</p>\n<ul>\n <li>\n  <p>Alkane Resources completed Q4 FY26 with 42,491 gold equivalent ounces produced, meeting the upper half of its full-year targets.</p></li>\n <li>\n  <p>Strong operational performance pushed the company's total cash, bullion, and listed investments balance to $454 million, supporting a proposed maiden fully franked dividend of 2 cents per share.</p></li>\n <li>\n  <p>Management projected FY27 group production between 163,000 and 177,000 gold equivalent ounces at an all-in sustaining cost of $3,200 per ounce.</p></li>\n</ul>\n<p style=\"text-align: start;\">Alkane Resources (ASX:ALK) delivered Q4 gold equivalent production of 42,491 ounces, boosting its total cash balance to $454 million.</p>\n<p style=\"text-align: start;\">Full-year output reached 168,337 gold equivalent ounces, landing in the top half of company guidance.</p>\n<p style=\"text-align: start;\">\"Reflecting this strong financial position, the Board has proposed Alkane's first ever dividend of 2 cents per share,\" said Alkane Resources Managing Director and CEO Nic Earner.</p>\n<p style=\"text-align: start;\">The miner generated site operating cash flow of $174 million for the quarter while completing 8,500 ounces of hedges.</p>\n<p style=\"text-align: start;\">Following the announcement, the Alkane Resources share price was unchanged at $1.37.</p>\n<p style=\"text-align: start;\">Alkane stated that recent drilling at its Northern Molong Porphyry Project defined further gold-copper mineralisation.</p></body></html>","text":"Full story: https://grafa.com/en/news/australia/alkane-resources-proposes-maiden-dividend-on-454m-cash Alkane Resources completed Q4 FY26 with 42,491 gold equivalent ounces produced, meeting the upper half of its full-year targets. Strong operational performance pushed the company's total cash, bullion, and listed investments balance to $454 million, supporting a proposed maiden fully franked dividend of 2 cents per share. Management projected FY27 group production between 163,000 and 177,000 gold equivalent ounces at an all-in sustaining cost of $3,200 per ounce. Alkane Resources (ASX:ALK) delivered Q4 gold equivalent production of 42,491 ounces, boosting its total cash balance to $454 million. Full-year output reached 168,337 gold equivalent ounces, landing in the top half of company guidance. \"Reflecting this strong financial position, the Board has proposed Alkane's first ever dividend of 2 cents per share,\" said Alkane Resources Managing Director and CEO Nic Earner. The miner generated site operating cash flow of $174 million for the quarter while completing 8,500 ounces of hedges. Following the announcement, the Alkane Resources share price was unchanged at $1.37. Alkane stated that recent drilling at its Northern Molong Porphyry Project defined further gold-copper mineralisation.","highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/588435647472776","repostId":0,"isVote":1,"tweetType":1,"viewCount":20,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1130,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/588435647472776"}