Tomingley Gold Operations (Tomingley)
- Gold production of 19,193oz for the quarter and 70,120oz for FY2025, within full year guidance.
- Site AISC of A$2,302/oz for the quarter and A$2,560/oz for FY2025, within full year guidance.
- Site operating cash costs of A$2,132/or for the quarter and A$2,039/oz for FY2025. Site operating cash flow was A$26.6 million for the quarter and A$94.0 million for FY2025.
- Gold sales for the quarter of 18,476oz for revenue of A$78.0 million at an average price of A$4,221/oz.
Corporate
- Post quarter end Alkane Resources Limited (ASX:ALK) and Mandalay Resources Corporation (TSX:MND) shareholders have both voted to approve the “merger of equals” between the companies. The transaction is expected to be completed on or about 5 August 2025.
- Cash and bullion balance of A$60.3 million, an increase of A$9.8 million from the March FY2025 quarter and an A$20.8 million increase for the 6 months to June 2025.
- Underlying free cashflow of A$12.3 million for the quarter, before land purchases relating to the Boda project of A$4.1 million.
- Debt repayments of A$1.8 million and 7,200oz of hedges filled during the quarter.
- Cash, bullion and listed investments totalled A$68.3 million, an increase of A$9.7 million from the March FY2025 quarter.
- FY2026 guidance will be released for the combined Alkane and Mandalay in the September quarter.
Alkane Managing Director & CEO Nic Earner said: “The June quarter saw us deliver within production and cost guidance for FY2025. Tomingley is performing well, particularly in relation to our underground production rates.
“Our planned merger with Mandalay Resources is almost complete. Our combined operations are creating a new, larger gold and antimony business that will have increased scale and a stronger balance sheet, generating greater cashflow and providing us with more flexibility and growth options in the future.”