Alkane Delivers Record Q3 Profit of $93 million

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Stock Alkane Resources Ltd (ALK.ASX)
Release Time 15 May 2026, 8:26 a.m.
Price Sensitive Yes
 Alkane Delivers Record Q3 Profit of $93 million
Key Points
  • Record Revenues: Gold equivalent sales of 43,373 ounces generated $274 million
  • Record Production: 44,669 ounces of gold and 377 tonnes of antimony
  • Record Cash Generation: EBITDA of $161 million and $161 million cash from operations
Full Summary

Alkane Resources Ltd reported record financial results for the third quarter ended 31 March 2026. The company generated revenues of $274 million from gold equivalent sales of 43,373 ounces, at an average gold price of $6,315/oz and average antimony price of $34,394/t. Gold and antimony production reached record levels of 44,669 ounces and 377 tonnes, respectively, with the company on track to meet its 2026 guidance. Alkane's EBITDA for the quarter was $161 million, with cash generated from operating activities also reaching $161 million. The company reported a net profit of $93 million, or 6.81 cents per share. Alkane ended the quarter with a strong cash, bullion, and liquid investments position of $374 million. The improved financial performance was driven by the addition of the Costerfield and Björkdal operations following the combination with Mandalay Resources in 2025. Tomingley Gold Operations in New South Wales, Costerfield Gold-Antimony Operations in Victoria, and Björkdal Gold Operations in Sweden all contributed to the record results. Alkane continues to focus on operational consistency, cost management, and investment in sustaining and growth capital projects to support its future growth plans.

Guidance

Alkane expects to meet its FY2026 guidance, which includes gold production of 180,000-190,000 ounces, antimony production of 1,200-1,300 tonnes, and all-in sustaining costs of $2,800-$3,000 per ounce of gold equivalent, based on assumed average metal prices of $5,000/oz gold and $38,462/t antimony.

Outlook

Given the strong performance in the first half of the year, Alkane is moving into the second half of 2026 with momentum and is on track to meet its production and cost guidance for the full year.