Alkane is pleased to announce financial results for the third quarter ended 31 March 2026, including the condensed and consolidated interim financial result for the quarter, together with the Management’s Discussion and Analysis.
Third Quarter 2026 Highlights¹
- Record Revenues: Gold equivalent sales for the third quarter of 43,373 ounces generated revenues of $274 million at an average gold price realised of $6,315/oz and an average antimony price of $34,394/t.
- Record Production: Gold and antimony production was 44,669 ounces and 377 tonnes, respectively; Company is on track to meet 2026 guidance.
- Record Cash Generation: EBITDA was $161 million with Cash Generated from Operating Activities of $161 million.
- Record income earned: Net profit of $93 million or 6.81 cents per share.
- Robust Financial Position: Cash, bullion and listed investment balance of $374 million.
- Conference call and webcast: Management will host a conference call and webcast to discuss the results of Q3 2026 at 8:30pm AWST (Perth time) / 8:30am EDT (Toronto time) on Friday, 15 May 2026. Details are noted below.
Managing Director, Nic Earner, commented: “Alkane has just delivered the strongest quarter in its history. During a period of high gold and antimony prices, the power of our three mine portfolio delivered exceptional operating results as they produced a record 44,669 ounces of gold and 377 tonnes of antimony, which generated record profit after taxes of $93 million.
“The Company ended the quarter with cash and bullion of $362 million, which will provide the support for Alkane’s growth plans. Given the strong performance to date, we move into the second half of the year with momentum and are on track to meet our production and cost guidance for 2026.”
Webcast details
Alkane’s Managing Director & CEO, Nic Earner, and CFO, James Carter, will host a conference call and webcast for investors and analysts to discuss the Company’s financial and operating results.
Date: Friday, 15 May 2026
Time: 8:30am EDT (Toronto, Canada), 8:30pm AWST (Perth, Australia), 10.30pm AEST (Sydney, Australia)
- 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 that total contained value by the 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 the March quarter were A$7,015/oz Au and A$29,449/t Sb. For the December quarter, the average market prices were A$6,299/oz Au and A$30,245/t Sb and for the September quarter were A$5,382/oz Au and A$33,859/t Sb using an AUD: USD exchange rate of 0.6946, 0.6565 and 0.6544 respectively. Gold equivalent ounce, cash operating cost and all-in sustaining cost (AISC) are non-IFRS performance measures with no standard definition under IFRS. For more details refer to the Non-IFRS Performance Measures section at the end of this press release.
As the merger with Mandalay Resources completed on 5 August 2025, Alkane’s FY2026 statutory reported production reflects production from Costerfield and Björkdal only from that date. See ALK announcement dated 9 Sep 2025 and titled ‘Alkane Announces Financial Year 2026 Guidance’.