Highlights
- Quarterly gold production of 17,656oz, resulting in 50,926oz to date in FY2025.
- Cash and bullion balance of $50.5 million, an increase of $11.0 million from the December FY2025 quarter.
- Underlying free cashflow of $8.4 million before income tax payment of $3.5 million.
- Debt repayments of $1.8 million and 6,600oz of hedges filled during the quarter.
- Cash, bullion and listed investments totaled $58.6 million, an increase of $16.2 million from the December FY2025 quarter.
- FY2025 guidance for Tomingley of 70,000oz to 80,000oz production at an AISC of A$2,400/oz to $2,600/oz remains unchanged. Production is expected to be at the lower end of guidance.
Alkane has produced 17,656 ounces of gold and increased cash, bullion and listed investments by $16.2 million to $58.6 million over the quarter. During the quarter, tax of $3.5 million relating to FY2024 was paid, debt of $1.8 million was re-paid and hedging of 6,600 gold ounces was filled. Further details will be available in the full March FY2025 Quarterly Report later this month.
Alkane Managing Director Nic Earner said: “The March FY2025 quarter has delivered the increase in cash and bullion that we expected. Our paste plant is performing strongly, and our recently commissioned flotation and fine-grinding circuit increased its performance through the quarter, with nearly 7,000 ounces of gold produced in March.
“With these capital programs behind us we look forward to further reducing the debt and hedge book obligations, and otherwise building cash in this record A$ gold spot price environment.”