Tomingley FY2025 Production Achieves Guidance
| Stock | Alkane Resources Ltd (ALK.ASX) |
|---|---|
| Release Time | 7 Jul 2025, 8:21 a.m. |
| Price Sensitive | Yes |
Tomingley FY2025 Production Achieves Guidance
- Tomingley produced 70,120oz of gold in FY2025, meeting guidance
- Cash and bullion balance of A$60.3 million, up A$20.8 million in 6 months
- Underlying free cashflow of A$12.3 million for the quarter
Alkane Resources Ltd (ASX: ALK) has announced that its Tomingley Gold Operations in central west New South Wales has delivered strong production in the final quarter of the financial year to meet its FY2025 production guidance. Tomingley produced 70,120oz of gold for the 12 months to 30 June 2025. Alkane's unaudited cash, bullion and listed investments position at 30 June 2025 totalled A$68.3 million, comprising A$60.3 million of cash and bullion on hand and A$8.0 million of listed investments. Alkane Managing Director, Nic Earner, said Tomingley had an excellent year with increased production from the Roswell underground and the successful commissioning of both a new paste plant and a flotation and fine grind circuit. Alkane's Board and management acknowledged and thanked the employees and contractors of the Company for their strong and continued commitment to safety, production and exploration performance. Alkane's operation at Tomingley, combined with their merger with Mandalay Resources, place them firmly into the mid-tier gold companies on the ASX.