Cash & Bullion $362 million – $130 million increase for the quarter
Alkane is pleased to present its Quarterly Activities Report for the period ending 31 March 2026 (Q3 FY26).
Operations
- Site operating cash flow of $189 million for the quarter.
- Q3 FY26 record gold production of 45,776 AuEq oz @ AISC of $2,928/AuEq oz.¹ʹ²
- Full Year Group Guidance remains at 160-175kozs AuEq at AISC $2,600-2,900/AuEq oz reflects production from Costerfield and Björkdal from July 2025.³
Exploration
- At Costerfield, extension and infill drilling above the current workings at Youle and Shepherd have defined 25 additional veins within the Kendall prospect in the immediate surrounds of the historic Costerfield mine. Highlighted results include 132.2 g/t gold and 19.8% antimony over 1.94m with an estimated true width ETW of 1.04m, and 267.5 g/t gold and 5.6% antimony over 2.3m (ETW 1.22m).⁴
- At Tomingley, deep drilling identified a seismic reflector as a gold bearing structure 400m below the Roswell current resources.⁵
Finance and Corporate
- Gold equivalent sales for the quarter of 43,373 ounces¹ for revenue of $275 million at an average gold price of $6,330oz and an average antimony price of $34,394/t.
- Cash, bullion and listed investment balance of $374 million after $16 million of corporate income tax payments during the quarter.
- 8,700 ounces of hedges filled during the quarter.
- Executed $110 million revolving credit facility and $40 million contingent instrument facility during the quarter.
- Post quarter end, S&P Dow Jones Indices announced that they would include Alkane in the S&P/ASX 200 effective prior to the open of trading on Wednesday, 22 April 2026.
Managing Director and CEO, Nic Earner, commented: “It has been another great quarter for Alkane, producing 44,669 ounces of gold and 377 tonnes of antimony (45,776 ounces of gold equivalent) over the full quarter.¹ Our site operating cashflow was $189 million for the quarter, resulting in a balance sheet with $374 million in cash, bullion and listed investments at quarter end. Our full year guidance of 160-175kozs gold equivalent remains unchanged.³”
- 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). The average market prices for the March quarter were A$7,015/oz Au (being the average of the daily PM price, sourced from www.lbma.org.uk) and A$29,449/t Sb (being the average Shanghai Metal Market Price sourced from www.metal.com).
- 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 this announcement.
- Refer to ALK Announcement dated 9 September 2025 titled ‘Alkane Announces Financial Year 2026 Guidance’ for calculation of gold equivalent ounces and definition of Group Guidance. Production guidance on a statutory reported basis (‘Attributable Guidance’) is 155 – 168koz AuEq for FY2026.
- Refer to ALK Announcement dated 25 February 2026 titled ‘Alkane Advances Near-Mine Kendal Deposit with High Grade Antimony-Gold Intercepts at Costerfield.”
- Refer to ALK Announcement dated 24 February 2026 titled ‘Deep Drilling Identifies Gold Bearing Structure at Tomingley.”