Latest Alkane Resources News

Alkane Resources delivered 40,740 gold equivalent ounces in the September quarter, generated A$102 million in mine operating cash flow and reaffirmed FY27 production guidance. The result also funded the company’s maiden dividend while leaving A$440 million in cash and bullion.

Alkane Resources has extended the known gold-antimony system beneath Nagambie’s West Pit, with drilling identifying mineralisation outside the existing Inferred Resource. The results strengthen the exploration case, but do not yet change the resource estimate or establish an economic mine plan.

Alkane Resources has reported high-grade gold-antimony intersections at Nagambie in Victoria, including a 115-metre down-dip extension of the C2 zone and broad mineralised areas outside the existing inferred resource. The results strengthen the geological case for the earn-in, although only three holes have returned assays and metallurgical work remains outstanding.

Alkane Resources has opened FY27 with 40,740 gold equivalent ounces of production and $440 million in cash and bullion. The miner has maintained its full-year guidance while funding mine extensions, growth projects and its maiden dividend.

Alkane Resources has reported a transformational FY2026, with the Mandalay merger helping lift revenue to A$935.8 million and profit after tax to A$228.7 million. The enlarged gold and antimony producer has also declared its first dividend and approved a buy-back, while setting broadly stable production guidance for FY2027.

Alice Queen has outlined a potentially lucrative Horn Island development case, but the numbers remain preliminary and depend on further drilling, approvals and funding. The gold explorer ended FY2026 with a A$3.55 million loss and A$3.6 million in cash.

Alkane Resources has lifted group Ore Reserves to 1.374 million ounces after exploration and resource conversion replaced depletion across its operating portfolio. The FY26 update also puts Björkdal’s open-pit restart and Costerfield’s extended mine life into sharper focus.

Alice Queen's subsidiary Monzonite Metals has agreed to sell its non-core NSW tenement EL8646 to Alkane Resources for $900,000 cash, sharpening focus on the Horn Island Gold Project in Queensland.

Alkane Resources has identified a previously unmined high-grade gold and antimony zone at its Cuffley Lode within the Costerfield project, with assay results revealing spectacular grades. The new discovery is being fast-tracked into the mine schedule, promising to bolster production at this Victorian underground operation.

Alkane Resources delivered a transformational FY26 with a 590% surge in net profit to A$228.7 million, driven by its merger with Mandalay Resources and record gold equivalent production. The company declared its first fully franked dividend and confirmed solid FY27 guidance.

Alkane Resources has expanded its Storheden gold resource near the Björkdal mine in Sweden, adding Indicated Resources and increasing contained gold by 26%. Recent drilling revealed high-grade veins along a 2.7 km strike, with mineralisation still open in multiple directions.

Alkane Resources capped FY26 with record production of 168,337 gold equivalent ounces and $174 million in quarterly cash flow, announcing a maiden fully franked dividend and setting robust FY27 guidance.