Alkane Delivers Record Q3 Profit of $93 million
Rhea-AI Summary
Alkane Resources (OTCQX:ALKEF) reported record Q3 2026 net profit of $93 million (6.81c per share) on revenue of $274.4 million, driven by 43,373 gold-equivalent ounces sold at an average realised gold price of $6,315/oz.
EBITDA reached $161.2 million and free cash flow was $127.6 million. Consolidated gold-equivalent production was 45,776 oz. Alkane ended the quarter with $374 million in cash, bullion and liquid investments and expects to meet its 2026 production and cost guidance.
Positive
- Q3 2026 revenue increased to $274.4 million from $63.2 million in Q3 2025
- Q3 2026 net profit rose to $93.0 million from $8.1 million a year earlier
- EBITDA for Q3 2026 was $161.2 million versus $28.1 million in Q3 2025
- Free cash flow in Q3 2026 was $127.6 million compared with $7.7 million in Q3 2025
- Quarter-end cash, bullion and liquid investments totaled $374 million
- Consolidated gold-equivalent production increased to 45,776 oz from 17,657 oz in Q3 2025
Negative
- All-in sustaining cost per gold-equivalent ounce rose to $2,928 from $2,590 in Q3 2025
- Operating costs excluding depreciation and amortisation increased to $114.0 million from $39.3 million
- Sustaining capital in Q3 2026 rose to $24.3 million from $7.0 million
- Total capital expenditure increased to $46.9 million in Q3 2026 from $13.1 million in Q3 2025
- Björkdal all-in sustaining cost per ounce was $3,699 in Q3 2026
News Market Reaction – ALKEF
In the May 15 session, ALKEF declined 4.88%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 04 | Earnings webcast notice | Neutral | +0.9% | Announcement of Q3 FY2026 results release and webcast details. |
| Feb 12 | Record HY2026 earnings | Positive | +4.3% | Record H1 revenue, EBITDA, net profit and confirmation of 2026 guidance. |
| Nov 13 | Q1 FY2026 results | Negative | -4.3% | Q1 results with revenue growth but a consolidated net loss after merger costs. |
| Nov 11 | Q1 results webcast | Neutral | +0.1% | Notice of upcoming Q1 FY2026 operating and financial results webcast. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings and related communications have typically seen modest positive or mixed price reactions, with no persistent pattern of selloffs on strong results.
Over the past few quarters, Alkane has steadily built a track record of growing scale and stronger financials. Q1 FY2026 results on Nov 13, 2025 showed revenue of $147.2M but a small net loss, then by Feb 12, 2026 the company reported record HY2026 revenue of $404M, adjusted EBITDA of $185M, and net profit of $65M. Webcast notices on Nov 11, 2025 and May 4, 2026 framed these earnings cycles for investors.
Key Terms
ebitda financial
cash operating cost financial
all-in sustaining cost financial
non-ifrs performance measures financial
gold equivalent ounces technical
recovery technical
all-in sustaining costs financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
PERTH, Australia, May 14, 2026 (GLOBE NEWSWIRE) -- Alkane Resources Limited (ASX: ALK, TSX: ALK, OTCQX: ALKRY) (“Alkane” or the “Company”) is pleased to announce financial results for the third quarter ended 31 March 2026 (the “quarter” or “Q3 2026”).
The Company’s condensed and consolidated interim financial result for the quarter, together with the Management’s Discussion and Analysis (“MD&A”) for the corresponding period, can be accessed under Alkane’s profile on www.sedarplus.ca, on the Australian Securities Exchange (“ASX”) and on Alkane’s website at www.alkres.com. All currency references in this press release are in Australian dollars except as otherwise indicated.
Third Quarter 2026 Highlights: 1,2
- 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
________________________________
1 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 $/oz) + (Sb Produced pre-payability x
2 As the merger with Mandalay Resources completed on 5 August 2025, Alkane’s FY2026 statutory reported production reflects production from Costerfield and Björkdal only from that date. See ALK announcement dated 9 Sep 2025 and titled ‘Alkane Announces Financial Year 2026 Guidance’.
Third Quarter 2026 Financial Highlights
The following table summarises the Company’s consolidated financial results for the three and nine months ended 31 March 2026 and 31 March 2025:
| Financial and Operational Highlights | |||||
| (Expressed in Australian dollars thousands, except where indicated) | Three months ended 31 March | Nine months ended 31 March | |||
| 2026 | 2025 | 2026 | 2025 | ||
| Financial Data | |||||
| Revenue | 274,374 | 63,204 | 678,324 | 184,704 | |
| Cost of sales | 148,735 | 53,357 | 432,809 | 152,259 | |
| Gross profit | 125,639 | 9,847 | 245,515 | 32,445 | |
| Net profit | 92,991 | 8,097 | 157,888 | 21,189 | |
| Per share ("EPS" in cents) | 6.81 | 1.34 | 12.44 | 3.51 | |
| EBITDA1 | 161,236 | 28,081 | 334,145 | 67,280 | |
| Cash operating costs per ounce gold eq. produced ($)1,2 | 2,037 | 2,037 | 2,086 | 2,020 | |
| All-in sustaining costs per ounce gold eq. produced ($)1,2 | 2,928 | 2,590 | 2,883 | 2,672 | |
| Average realised gold price ($ per ounce)1 | 6,315 | 3,839 | 5,752 | 3,608 | |
| Average realised antimony price ($ per tonne)1 | 34,394 | - | 38,578 | - | |
| Cash generated from operating activities | 161,428 | 20,799 | 315,182 | 50,536 | |
| Sustaining capital expenditures1 | 24,305 | 7,010 | 59,885 | 25,067 | |
| Non-sustaining capital expenditures1 | 22,561 | 6,069 | 56,975 | 48,924 | |
| Total capital expenditure | 46,866 | 13,079 | 116,860 | 73,991 | |
| Free cash flow1 | 127,608 | 7,667 | 213,041 | (23,626 | ) |
| Free cash flow per ounce gold eq. sold ($)1 | 2,942 | 464 | 1,814 | (461 | ) |
| 1 Average realised gold and average realised antimony price, sustaining and non-sustaining capital expenditures, cash operating costs and all-in sustaining costs, free cash flow, free cash flow per ounce gold eq. sold and EBITDA are non-IFRS performance measures with no standard definition under IFRS. Refer to the Non-IFRS Performance Measures section of the MD&A. | |||||
| 2 Cash operating costs and All-in sustaining costs per ounce were previously calculated based on ounces sold. Since Q1 2026, the calculation methodology has been revised to use ounces produced instead of ounces sold. Accordingly, the comparative figures for the previous quarter have been restated. | |||||
Revenue for Q3 2026 was
Operating costs excluding depreciation and amortisation totaled
Cash operating costs per ounce of gold equivalent produced were
Sustaining capital amounted to
All-in sustaining costs per ounce of gold equivalent produced were
Total capital expenditure during Q3 2026 of
Free cash flow in Q3 2026 was
Alkane generated EBITDA of
Consolidated net profit was
Alkane closed the quarter with cash, bullion and liquid investments of
Third Quarter 2026 Operational Summary1,2
The table below summarises the Company’s production and operational unit costs for the three months ended 31 March 2026, 31 December 2025 and 30 September 2025.
| Q3 2026 | Q2 2026 | Q1 2026 | |
| Tomingley | |||
| Tonnes of ore mined (t) | 338,016 | 275,079 | 301,692 |
| Mined ore gold grade (g/t) | 2.32 | 2.61 | 2.27 |
| Processed ore (t) | 314,997 | 318,851 | 314,970 |
| Processed ore - milled head grade gold (g/t) | 2.41 | 2.50 | 2.15 |
| Recovery gold (%) | 90.11 | 89.84 | 85.78 |
| Gold produced (oz.) | 21,652 | 22,089 | 18,335 |
| Gold sold (oz.) | 18,949 | 22,491 | 18,456 |
| Cash operating cost ($ per oz produced)1,2 | 2,021 | 1,811 | 2,120 |
| All-in sustaining cost ($ per oz produced)1,2 | 2,444 | 2,216 | 2,628 |
| Costerfield | |||
| Tonnes of ore mined (t) | 36,086 | 39,698 | 24,832 |
| Mined ore gold grade (g/t) | 9.42 | 8.36 | 8.50 |
| Mined ore antimony grade (t) | 1.12 | 0.93 | 0.76 |
| Processed ore (t) | 35,598 | 34,732 | 22,671 |
| Processed ore - milled head grade gold (g/t) | 10.21 | 10.44 | 8.48 |
| Processed ore - milled head grade antimony (%) | 1.21 | 0.91 | 0.68 |
| Recovery gold (%) | 93.58 | 93.94 | 92.71 |
| Recovery antimony (%) | 85.93 | 86.77 | 81.99 |
| Gold produced (oz.) | 10,584 | 10,790 | 5,643 |
| Antimony produced (t) | 377 | 267 | 124 |
| Gold equivalent produced (oz.)1,3 | 11,691 | 11,686 | 6,189 |
| Gold sold (oz.) | 11,367 | 11,042 | 4,881 |
| Antimony sold (pre-payability) (t) | 280 | 409 | 89 |
| Antimony sold (post-payability) (t) | 165 | 228 | 62 |
| Gold equivalent sold (oz.)1,3 | 12,190 | 12,417 | 5,273 |
| Cash operating cost ($ per oz. eq. produced)1 | 1,567 | 1,701 | 1,927 |
| All-in sustaining cost ($ per oz. eq. produced)1 | 2,521 | 2,149 | 2,451 |
| Björkdal | |||
| Tonnes of ore mined (t) | 246,019 | 266,217 | 153,303 |
| Mined ore gold grade (g/t) | 1.32 | 1.27 | 1.26 |
| Processed ore (t) | 323,417 | 329,652 | 233,789 |
| Processed ore - milled head grade gold (g/t) | 1.52 | 1.04 | 0.94 |
| Recovery gold (%) | 90.43 | 87.43 | 85.56 |
| Gold produced (oz.) | 12,433 | 9,888 | 5,987 |
| Gold sold (oz.) | 12,234 | 9,176 | 6,281 |
| Cash operating cost ($ per oz. eq. produced)1 | 2,506 | 2,910 | 2,805 |
| All-in sustaining cost ($ per oz. eq. produced)1 | 3,699 | 4,117 | 4,010 |
| Consolidated | |||
| Tonnes of ore mined (t) | 620,121 | 580,994 | 479,827 |
| Mined ore gold grade (g/t) | 2.33 | 2.39 | 2.27 |
| Mined ore antimony grade (t) | 1.12 | 0.93 | 0.76 |
| Processed ore (t) | 674,011 | 683,235 | 571,429 |
| Processed ore - milled head grade gold (g/t) | 2.40 | 2.20 | 1.91 |
| Processed ore - milled head grade antimony (%) | 1.21 | 0.91 | 0.68 |
| Recovery gold (%) | 91.38 | 90.40 | 88.02 |
| Recovery antimony (%) | 85.93 | 86.77 | 81.99 |
| Gold equivalent produced (oz.)1,3 | 45,776 | 43,663 | 30,511 |
| Gold equivalent sold (oz.)1,3 | 43,373 | 44,084 | 30,010 |
| Cash operating cost ($ per oz. eq. produced)1,2 | 2,037 | 2,031 | 2,215 |
| All-in sustaining cost ($ per oz. eq. produced)1,2 | 2,928 | 2,739 | 2,988 |
| 1 Cash operating costs, All-in sustaining costs and Gold equivalent ounce are non-IFRS Performance Measures with no standard definition under IFRS. Refer to the Non-IFRS Performance Measures section of the MD&A. | |||
| 2 Cash operating costs and All-in sustaining costs per ounce were previously calculated based on ounces sold. From Q1 2026, the calculation methodology has been revised to use ounces produced instead of ounces sold. Accordingly, the comparative figures for the previous quarters have been restated. | |||
| 3 Refer to Note 1 on page 4 of this MD&A for gold equivalent definition. | |||
Consolidated gold equivalent production in Q3 2026 was 45,776 ounces compared to 17,657 ounces in Q3 2025, mainly due to the addition of production from Björkdal and Costerfield following the combination with Mandalay in Q1 2026. The Q3 2026 result is based upon 21,652 ounces of gold production from Tomingley, 12,433 ounces of gold production from Björkdal and 11,691 ounces of gold equivalent production (consisting of 10,584 ounces of gold and 377 tonnes of antimony from Costerfield).
Cash operating costs per ounce of gold equivalent produced were
Tomingley Gold Operations - NSW (Tomingley)
Tomingley Gold Operations Pty Ltd (
The primary source of ore continues to be from Roswell. Underground Ore mined was slightly below plan primarily due to stope performance issues on several stopes requiring rework, however this was off-set by higher development ore tonnages.
Processing continues to perform well with milling exceeding plan primarily as a result of the insertion of a mobile crusher to pre-crush material prior to entering the processing circuit. Mill grade was above plan and recovery was in line with expectations. Pre-crushing of material to different sizes prior to entering the circuit continues and has seen a nominal increase in milling rates to approximately 1.3mtpa, work continues in this area.
A total of 21,652 ounces of gold was produced for the quarter, higher than the comparative quarter (17,657 ounces of gold) due to higher throughput and mill head grades. The increase in processed ore was mainly due to the usage of a mobile crusher which is used to increase crushing capacity resulting in an increased mill throughput. The betterment of the mill head grade was mainly due to the commissioning of the paste plant and process plant (fine grind circuit) growth projects during 2025.
Cash operating costs per ounce of gold during the quarter were
The AISC per ounce decreased to
Gold sold for the quarter was 18,949 ounces at an average sales price of
Costerfield Gold-Antimony Operations - Victoria (Costerfield)
Mandalay Resources Costerfield Operations Pty Ltd (
Costerfield delivered steady operational performance during the quarter, with both ore mining and milling rates exceeding planned rates. Costerfield had strong mining performance in terms of tonnes mined for the quarter, however grades were different to those aimed for, despite complying reasonably well with forecast mining advance per area each month. Some mined areas did not perform as well as expected in forecast models due to grade variability.
The operation continues to work on targeted improvement programs including drill and blast optimisation, capital development optimisation, enhanced operator training, and the transition to emulsion explosives to improve recovery and reduce dilution.
Processing continued to focus on blend control to maximise throughput, recoveries and produced metal. Successful trials occurred during the quarter with respect to pre-crushing ore feed and screening lower grade ore stockpiles to further improve throughput, crusher downtime and blend control. Work will continue in this area in Q4. Processing operations performed reliably, with higher mill throughput supported by successful pre-crushing trials. Continuous optimisation of blending and recovery remains a focus. Work continues to prioritise operational consistency across all aspects of the operation.
A total of 11,691 gold equivalent ounces was produced during the quarter (Q2 2026: 11,686 AuEq oz). The site cash costs for the quarter were
Björkdal Gold Operations - Sweden (Björkdal)
Björkdalsgruvan AB (
Björkdal delivered another quarter of consistent mining performance. Resources were allocated to capital development activities in preference to operating development in some areas. Mined grade was in line with planned grades, with a higher mining contribution from below the marble mining area.
Mill throughput increased slightly and recoveries also improved as compared to the previous quarter, albeit in line with increased head grade. During the quarter a trial of processing a parcel of off-site ore from a small mine to the west of Björkdal was successfully conducted.
A total of 12,433 gold ounces was produced during the quarter (Q2 2026: 9,888oz). The site cash costs for the quarter were
FY 2026 Guidance
Given the Company’s strong production, cost management, rate of investments in sustaining and growth capital and exploration expenditures in the first half of the year, Alkane expects to meet FY2026 guidance as outlined below:
| Tomingley | Costerfield | Björkdal | Consolidated | ||
| 2026 | |||||
| Gold produced | Oz | 75,000 - 80,000 | 37,000 - 41,000 | 37,000 - 40,000 | 149,000 - 161,000 |
| Antimony produced | Tonnes | N/A | 750 - 850 | N/A | 750 - 850 |
| Gold equivalent produced1 | Oz | 75,000 - 80,000 | 43,000 - 48,000 | 37,000 - 40,000 | 155,000 - 168,000 |
| All-in sustaining costs2 | $/AuEq oz | 2,300 - 2,550 | 2,400 - 2,650 | 4,050 - 4,450 | 2,600 - 2,900 |
| Growth & Exploration capital expenditures | $ million | 47 - 52 | 24 - 28 | 7 - 8 | 78 - 88 |
| 1 Assumes average metal prices of: Au | |||||
| 2 All-in sustaining costs are non-IFRS financial performance measures with no standard definition under IFRS. Refer to the Non-IFRS Financial Performance Measures section of the MD&A. | |||||
Conference Call and Webcast
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.
Details to participate are as follows:
| Date/Time: | Canada: 8:30am ETC, Friday, 15 May 2026 Australia: 8:30pm AWST/10:30pm AEST, Friday, 15 May 2026 |
| Conference Call: | HERE |
| Webcast: | HERE |
- The accompanying presentation slides will be available on the Company’s website – HERE.
- A replay of the webcast will be available on the Company’s website – HERE.
- Investors may submit questions for the event by sending their questions to info@alkres.com
| Abbreviation | Period | Abbreviation | Period |
| FY 2026 | 1 July 2025–30 June 2026 | FY 2025 | 1 July 2024–30 June 2025 |
| HY 2026 | 1 July 2025–31 December 2025 | HY 2025 | 1 July 2024–31 December 2024 |
| Q1 2026 | 1 July 2025–30 September 2025 | Q1 2025 | 1 July 2024–30 September 2024 |
| Q2 2026 | 1 October 2025-31 December 2025 | Q2 2025 | 1 October 2024-31 December 2024 |
| Q3 2026 | 1 January 2026 –31 March 2026 | Q2 2025 | 1 January 2025–31 March 2025 |
This document has been authorised for release to the market by Nic Earner, Managing Director & CEO.
ABOUT ALKANE
Alkane Resources (ASX:ALK; TSX:ALK; OTCQX:ALKRY) is an Australia-based gold and antimony producer with a portfolio of three operating mines across Australia and Sweden. The Company has a strong balance sheet and is positioned for further growth.
Alkane’s wholly owned producing assets are the Tomingley open pit and underground gold mine southwest of Dubbo in Central West New South Wales, the Costerfield gold and antimony underground mining operation northeast of Heathcote in Central Victoria, and the Björkdal underground gold mine northwest of Skellefteå in Sweden (approximately 750km north of Stockholm). Ongoing near-mine regional exploration continues to grow resources at all three operations.
Alkane also owns the very large gold-copper porphyry Boda-Kaiser Project in Central West New South Wales and has outlined an economic development pathway in a Scoping Study. The Company has ongoing exploration within the surrounding Northern Molong Porphyry Project and is confident of further enhancing eastern Australia’s reputation as a significant gold, copper and antimony production region.
More information available at www.alkres.com
Interactive Analyst Centre™
Comprehensive financial, operational, resource and reserve information for Alkane Resources is available through the Interactive Analyst Centre™ located in the Investors section of our website at alkres.com.
Forward-Looking Statements
Certain statements contained in this document constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressly stated or implied by such forward-looking statements. Such factors include, among others, the following: mining industry risks; fluctuations in the market price of mineral commodities; project development; expansion targets and operational delays; environmental risks and hazards; requirement of additional financing; health and safety; uncertainty as to calculations of mineral deposit estimates; marketability; licenses and permits; title matters; governmental regulation of the mining industry; cybersecurity events; current global financial conditions including inflation; currency risk; uninsured risks; competition; repatriation of earnings; properties without known mineral reserves; dependence upon key management personnel and executives; dependence on major customers; infrastructure; litigation; potential volatility of market price of common shares; possible conflicts of interest of directors and officers of the Company; risk of dilution; payment obligations relating to properties; instability of political and economic environments; and integration of acquisitions. Specific reference is made to the Annual Information Form for a discussion of some of the factors underlying forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
Non-IFRS Performance Measures
Investors should be aware that financial data in this press release includes Non-IFRS performance measures under Regulatory Guide 230 Disclosing Non-IFRS Financial Information published by the Australian Securities and Investments Commission and Non-GAAP performance measures within the meaning of National Instrument 52-112 – Non-GAAP and Other Financial Measures Disclosure published by the Canadian Securities Administrators. This press release may contain references to adjusted EBITDA, adjusted net profit, free cash flow, cash operating cost per ounce of gold equivalent produced and all-in sustaining cost all of which are Non-IFRS/Non-GAAP performance measures and do not have standardised meanings under IFRS. Therefore, these measures may not be comparable to similar measures presented by other issuers.
Management uses EBITDA and free cash flow as measures of operating performance to assist in assessing the Company’s ability to generate liquidity through operating cash flow in order to fund future working capital needs and to fund future capital expenditures, as well as in measuring financial performance from period to period on a consistent basis. The Company believes that these measures are used by and are useful to investors and other users of the Company’s financial statements in evaluating the Company’s operating and cash performance because they allow for analysis of its financial results without regard to special, non-cash and other non-core items, which can vary substantially from company to company and over different periods.
The Company defines EBITDA as net profit before interest and finance charges, taxes, amortisation and depreciation. A reconciliation between EBITDA and net profit is included in the MD&A.
The Company defines free cash flow as a measure of the Company’s ability to generate and manage liquidity. It is calculated starting with the net cash flows from operating activities (as per IFRS) and then subtracting capital expenditures and lease payments. Refer to “Non-IFRS Financial Performance Measures” section of the MD&A for a reconciliation between free cash flow and net cash flows from operating activities.
For Costerfield, gold equivalent ounces are calculated by multiplying quantities of gold and antimony in the 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., Gold equivalent = ((Au Produced x Au $/oz) + (Sb Produced pre-payability x
For Björkdal and Tomingley, the total cash operating cost associated with the production of gold ounces produced in the period is then divided by the gold ounces produced to yield the cash operating cost per gold ounce produced. The cash operating cost excludes royalty expenses. Site all-in sustaining costs include total cash operating costs, sustaining mining capital, royalty expense and accretion of reclamation provision. Sustaining capital reflects the capital required to maintain each site’s current level of operations. The site’s all-in sustaining cost per ounce of gold in a period equals the all-in sustaining cost divided by the gold ounces produced in the period.
For the Company as a whole, cash operating cost per gold equivalent ounce is calculated by summing the gold equivalent ounces produced by each site and dividing the total by the sum of cash operating costs at the sites. Consolidated cash operating cost excludes royalty and corporate level general and administrative expenses. All-in sustaining cost per ounce gold equivalent in the period equals the sum of cash operating costs associated with the production of gold equivalent ounces at all operating sites in the period plus corporate overhead expense in the period plus sustaining mining capital, royalty expense, and accretion of reclamation provision, divided by the total gold equivalent ounces produced in the period. A reconciliation between cost of sales and cash operating costs, and also cash operating cost to all-in sustaining costs are included in the MD&A.
CONTACT: NIC EARNER, MANAGING DIRECTOR & CEO, ALKANE RESOURCES LTD, TEL +61 8 9227 5677
INVESTORS & MEDIA: NATALIE CHAPMAN, CORPORATE COMMUNICATIONS MANAGER, TEL +61 418 642 556
