Highlights
- Quarterly Production of 43,663 oz AuEq¹
- Closing cash and bullion $232 million – $58 million increase from September
Alkane has produced 43,663 ounces of gold equivalent over the period from 1 October 2025 to 31 December 2025.¹ Cash ($218m), bullion ($14m) and listed investments ($14m) totaled A$246 million at the end of the quarter. During the quarter, hedging of 8,200 ounces of gold was filled, and the FY25 income tax payment of $11m was made. Further details will be available in the full December 2025 Quarterly Report later this month.
Quarterly gold production of 43,663 AuEq oz, comprised of:¹
Cash, bullion and listed investment balance of A$246 million.
- Increase of A$55 million from the previous quarter after payment of FY25 income tax of $11 million.
- Alkane also received an A$18 million provisional payment in early January from a Costerfield concentrate shipment that shipped in mid-December with payment receipt delayed due to the Christmas holidays.
- The company is debt free except for equipment finance of A$22 million at 31 December 2025.
Sales of 42,709 ounces of gold and 409 tonnes of antimony.
FY2026 Group Guidance of 160,000 to 175,000 AuEq oz production at an AISC of A$2,600 – $2,900 per AuEq oz remains unchanged.³
Alkane Managing Director, Nic Earner, said:
“Alkane has had a solid quarter’s production from our three operating mines, which together produced 42,767 ounces of gold and 267 tonnes of antimony (43,663 ounces of gold equivalent) over the quarter.¹ Tomingley will pour its 750,000th ounce of gold during January 2026, a great testament to the team there. We have further strengthened our balance sheet over the quarter with A$246 million in cash, bullion and listed investments at quarter end.”
¹ Gold equivalent ounces calculated by multiplying quantities of gold and antimony in period by respective average market price of commodities in period, adding the two amounts to get “total contained value based on market price,” and dividing total contained value by average market price of gold in period. I.e., AuEq = ((Au Produced x Au $/oz) + (Sb Produced pre-payability x 70% payability x Sb $/t)) / (Au $/oz). Average market prices for gold and antimony sourced respectively from LBMA daily PM price (www.lbma.org.uk) and Shanghai Metal Market Price (www.metal.com). Average market prices for December quarter were A$6,299/oz Au and A$30,245/t Sb and for September quarter were A$5,283/oz Au and A$33,508/t Sb using an AUD: USD exchange rate of 0.6565 and 0.6544 respectively.
² Group YTD Production calculated on basis of 100% contribution from Tomingley, Costerfield and Björkdal for relevant period. As the merger with Mandalay Resources completed on 5 August 2025, Alkane’s FY2026 statutory reported production will reflect production from Costerfield and Björkdal only from that date. See ALK announcement dated 9 Sep 2025 and titled ‘Alkane Announces Financial Year 2026 Guidance’.
³ See ALK Announcement dated 9 Sep 2025 and titled ‘Alkane Announces Financial Year 2026 Guidance’ for calculation of Au Eq ounces and definition of Group Guidance. Production guidance on a statutory reported basis (‘Attributable Guidance’) is 155,000 – 168,000 AuEq ounces for FY2026. Note AISC is a non-IFRS measure and does not have a standardised meaning under IFRS and might not be comparable to similar financial measures disclosed by other companies. Refer to “Non-IFRS Performance Measures” at the end of the announcement.