Alkane Resources Limited (ASX: ALK) recorded a significant improvement in FY26 as the integration of Mandalay Resources expanded the business into a three-mine gold and antimony producer operating across Australia and Sweden. Annual gold-equivalent output reached 168,337 ounces, while the average realised gold price rose to AU$5,664 per ounce. These factors helped lift revenue to AU$935.8 million and net profit after tax to AU$228.7 million. Alkane closed FY26 with a strong liquidity position, holding AU$438.9 million in cash and bullion and maintaining considerable financial flexibility.

The stronger balance sheet enabled the company to introduce shareholder returns through its maiden fully franked final dividend of 2.0 cents per share and an on-market share buy-back of up to AU$50 million. For FY27, Alkane is targeting gold-equivalent production of 163,000–177,000 ounces, while AISC is expected to remain within AU$2,900–AU$3,200 per ounce. 

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