Alkane Resources Limited Delivers Record Q2 FY26 Following Mandalay Acquisition
Alkane Resources Limited (ASX: ALK) reported a transformational Q2 FY26 performance, reflecting its expanded asset base following the Mandalay acquisition. Gold equivalent production surged to 43,663 ounces, supported by contributions from Tomingley, Costerfield, and Bjorkdal. Revenue climbed to AU$256.7 million, driven by higher production volumes and stronger realised gold and antimony prices. Net profit reached AU$67.6 million, while adjusted EBITDA rose sharply to AU$147.2 million, highlighting improved operating leverage.
Cash operating costs declined to AU$2,031 per gold equivalent ounce, and all-in sustaining costs improved to AU$2,739 per ounce, supported by stronger output at Tomingley and disciplined cost control. Free cash flow totalled AU$65.4 million for the quarter.
The Company closed the period with AU$218 million in cash and minimal debt, strengthening financial flexibility. Exploration momentum continued across Costerfield, Björkdal, and Tomingley, positioning Alkane to meet its FY26 production guidance of 155,000–168,000 gold equivalent ounces.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services.
By continuing to use this site, we assume you consent to this.
Read our
Privacy Policy
and
Terms & Conditions
Alkane Resources Limited Delivers Record Q2 FY26 Following Mandalay Acquisition
Alkane Resources Limited (ASX: ALK) reported a transformational Q2 FY26 performance, reflecting its expanded asset base following the Mandalay acquisition. Gold equivalent production surged to 43,663 ounces, supported by contributions from Tomingley, Costerfield, and Bjorkdal. Revenue climbed to AU$256.7 million, driven by higher production volumes and stronger realised gold and antimony prices. Net profit reached AU$67.6 million, while adjusted EBITDA rose sharply to AU$147.2 million, highlighting improved operating leverage.
Cash operating costs declined to AU$2,031 per gold equivalent ounce, and all-in sustaining costs improved to AU$2,739 per ounce, supported by stronger output at Tomingley and disciplined cost control. Free cash flow totalled AU$65.4 million for the quarter.
The Company closed the period with AU$218 million in cash and minimal debt, strengthening financial flexibility. Exploration momentum continued across Costerfield, Björkdal, and Tomingley, positioning Alkane to meet its FY26 production guidance of 155,000–168,000 gold equivalent ounces.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au