Business · Companies · 2 hrs ago

Alkane reports 40,740 gold-equivalent ounces for September quarter

Alkane reports 40,740 gold-equivalent ounces for September quarter

Alkane Resources produced 40,740 gold-equivalent ounces in the first quarter of its 2027 financial year, covering the three months to September.

The company, which issued its results from Perth, Australia, also sold 38,348 gold-equivalent ounces and reported $206 million in revenue.

Its average gold sales price was $5,128 an ounce, while its average antimony sales price was $23,842 a tonne.

Mine operating cash flow was $102 million for the quarter, and Alkane reported $440 million in cash and bullion.

The company said it paid its maiden dividend, meaning its first dividend.

For the full 2027 financial year, Alkane expects 163,000 to 177,000 gold-equivalent ounces of production, with all-in sustaining costs forecast at $2,900 to $3,200 an ounce.

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