Highlights
- Quarterly Production of 42,491 oz AuEq¹, Full Year² 168,337 oz AuEq
- Closing cash of $432 million – a $104 million increase from March 2026
Alkane has produced 42,491 ounces of gold equivalent¹ over the period from 1 April 2026 to 30 June 2026. Cash ($432m), bullion ($7m) and listed investments ($15m) totaled $454 million at the end of the quarter. During the quarter, hedging of 8,500 ounces of gold was filled, and tax instalments of $16 million were made. Further details will be available in the full June 2026 Quarterly Report later this month.
Quarterly gold production of 42,491 AuEq¹ oz, comprised of:
- Cash, bullion and listed investment balance of $454 million.
- Cash increase of $104 million from the previous quarter, and $214 million from December 2025.
- Alkane has cash & bullion of $439 million, and pro forma liquidity of $549 million when including its undrawn $110 million revolving credit facility.
- The company is debt free except for equipment finance of $17 million at 30 June 2026.
- Sales of 45,600 ounces of gold and 535 tonnes of antimony.
- Top half of FY26 guidance² achieved for production.
- Alkane will release its June quarter activities report on Tuesday, 21 July 2026
Alkane Managing Director & CEO, Nic Earner, said:
“Alkane has had another solid quarter’s production from our three operating mines, which together produced 40,949 ounces of gold and 456 tonnes of antimony (42,491 ounces of gold equivalent). Total production for the 1 July 2025 to 30 June 2026 period was 168,337 ounces of gold equivalent, in the top half of our guidance² of 160,000 – 175,000 ounces equivalent. We continue to build our balance sheet with $454 million in cash, bullion and listed investments at quarter end and total liquidity of $549 million, including our undrawn revolving credit facility.”
- 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 June quarter were A$6,349/oz Au and A$30,675/t Sb, March quarter were A$7,015/oz Au and A$29,449/t Sb, average market prices for December quarter were A$6,299/oz Au and A$30,245/t Sb and for September quarter A$5,283/oz Au and A$33,508/t Sb using an AUD: USD exchange rate of 0.7098, 0.6946, 0.6565 and 0.6544 respectively.
- 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’. This announcement dated 9 Sep 2025 defines the calculation of Au Eq ounces and the 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.