• Consolidated gold equivalent production of 45,776 ounces, a new quarterly record
• Revenue of $274.4 million, up from $63.2 million in Q3 2025
• Free cash flow of $127.6 million, up from $7.7 million in Q3 2025

Alkane Resources Ltd, an Australia-based gold and antimony producer, reported its Q3 FY2026 Management's Discussion and Analysis. Consolidated gold equivalent production in Q3 2026 was 45,776 ounces, compared to 17,657 ounces in Q3 2025, mainly due to the addition of production from the Björkdal and Costerfield mines following the combination with Mandalay Resources Corporation in Q1 2026. Alkane produced 44,669 ounces of gold and 377 tonnes of antimony in Q3 2026, its highest quarterly gold equivalent production to date, surpassing the previous record set in Q2 2026. Revenue for Q3 2026 was $274.4 million, compared to $63.2 million in Q3 2025, reflecting the increased production and higher realized gold prices. Operating costs excluding depreciation and amortization totaled $114.0 million during Q3 2026, compared to $39.3 million in Q3 2025, with the increase mainly due to the larger company following the Mandalay acquisition. Cash operating costs per ounce of gold equivalent produced were $2,037 in Q3 2026, the same as in Q3 2025. All-in sustaining costs per ounce of gold equivalent produced were $2,928 in Q3 2026, compared to $2,590 in Q3 2025. Total capital expenditure during Q3 2026 was $46.9 million, compared to $13.1 million in Q3 2025, with the increase primarily due to the addition of Björkdal and Costerfield. Free cash flow in Q3 2026 was $127.6 million compared to $7.7 million in Q3 2025.

Alkane reiterates its FY 2026 Attributable Guidance of approximately 155,000 - 168,000 gold equivalent ounces at an all-in sustaining cost range of $2,600 to $2,900 per ounce.