Alkane Resources Ltd Q1 FY27 Quarterly Report
Key points
- Gold equivalent production of 40,740 ounces at AISC of $2,805/AuEq oz
- Mine operating cash flow of $102 million for the quarter
- Maiden fully franked dividend of 2 cents per share paid
Full summary
Alkane Resources Ltd reported its Q1 FY27 results, highlighting gold equivalent production of 40,740 ounces at an AISC of $2,805 per ounce. The company processed 740,776 tonnes of ore, achieving an average gold grade of 1.83g/t. Gold equivalent sales for the quarter were 38,348 ounces, generating $206 million in revenue at an average gold sales price of $5,128/oz and an antimony sales price of $23,842/t. Mine operating cash flow was $102 million, and the company closed the quarter with $440 million in cash and bullion, or $459 million including listed investments. Alkane also paid its first fully franked dividend of 2 cents per share.
Guidance
FY27 production guidance of 163-177koz gold equivalent at an AISC of $2,900-$3,200 per ounce
Outlook
Alkane Resources Ltd is well-positioned to meet its FY27 production guidance, with ongoing growth projects and exploration activities expected to contribute to future production.
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