Alkane’s results for the year ended 30 June 2025 are now available. The table below is a summary of the financial results:
| June 2025 (A$’000) | June 2024 (A$’000) | Change (A$’000) | Change % | |
|---|---|---|---|---|
| Gold revenue | 262,362 | 172,991 | 89,371 | 52% |
| Gold production (ounces) | 70,120 | 57,217 | 12,903 | 23% |
| Gold sales (ounces) | 69,774 | 57,592 | 12,182 | 21% |
| Sale price (A$/oz) | 3,770 | 3,004 | 766 | 25% |
| Tomingley profit before tax | 60,934 | 33,123 | 27,811 | 84% |
| Company profit after tax | 33,043 | 17,677 | 15,366 | 87% |
Alkane had a profitable year while operating the Roswell underground deposit. The increase in the gold produced reflects higher grade ore and recoveries via the fine grind circuit upgrade. This resulted in gold produced of 70,120 ounces and at an all-in sustaining cost (AISC) of A$2,561 per ounce.
As at 30 June 2025 the company’s cash, bullion and listed investments totaled A$60.3 million, with A$48.1 million in cash, bullion on hand at fair value of A$12.2 million and A$8.0 million of listed investments at market value.
Post year end, Alkane resources Limited (ASX:ALK) and Mandalay Resources Corporation (TSX:MND) shareholders both voted to approve the “merger of equals” between the two companies which was effective from the 5th August 2025.
Alkane Managing Director, Nic Earner, said: “Alkane’s profit comes in a year that included high capital growth spending at Tomingley to increase recoveries and extend the mine life. With the merger with Mandalay completed post financial year end we are well-positioned for the upcoming financial year for both production and growth.
“Alkane’s Board and management acknowledge and thank the employees and contractors of the Company for their strong and continued commitment to safety, production and exploration performance.”