Welcome to our dedicated page for Alkane Resources news (Ticker: ALKEF), a resource for investors and traders seeking the latest updates and insights on Alkane Resources stock.
Alkane Resources Limited produces gold and antimony through a portfolio of operating mines in Australia and Sweden. Company news commonly covers quarterly production, operating costs, sales, cash and bullion balances, and financial results across its mining operations.
Recurring developments also include exploration and resource work at the Tomingley Gold Operations in New South Wales, the Costerfield gold and antimony operation in Victoria, and the Björkdal gold mine in Sweden. Alkane also reports on the Boda-Kaiser gold-copper porphyry project and Northern Molong Porphyry Project in Central West New South Wales, along with financing facilities and other capital-management actions tied to its mine portfolio.
Alkane Resources (OTCQX:ALKEF) reported a record operational quarter to 30 Sep 2025 after completing the merger with Mandalay on 5 Aug 2025. Group production was a record 30,511 AuEq oz at an AISC of A$2,988/AuEq oz (full three-month pro‑forma production 36,407 AuEq oz). Mine operating cash flow was A$73 million and cash, bullion and listed investments totaled A$191 million after repaying A$45 million debt and A$25 million of one‑off merger costs. FY2026 guidance for the combined group is 160–175koz AuEq at AISC A$2,600–2,900/AuEq oz. Key site notes: Tomingley Newell Highway works underway; True Blue and El Paso exploration intercepts reported; Björkdal faced summer interruptions.
Alkane Resources (OTC: ALKEF) updated its Mineral Resources and Ore Reserves as at 30 June 2025, prepared JORC Code compliant statements for Costerfield and Björkdal, and published MROR Statements for NSW, Costerfield and Björkdal.
Key figures: Group Mineral Resources total 850,009 kt at 0.45 g/t containing 12,143 koz gold and 1.46 Mt copper (Boda Kaiser). Group Ore Reserves total 23,947 kt at 1.7 g/t containing 1,313 koz gold and 10.7 kt antimony (Costerfield reserves include 537 kt at 8.7 g/t).
The company said it will incur substantial capital expenditure through the remainder of the financial year to add to resources, particularly at Costerfield.
Alkane Resources (OTC:ALKEF) announced on October 14, 2025 that Non-Executive Director Dominic Duffy has resigned from the Board to pursue other opportunities. The company said the Board is reviewing its composition and future appointments. Alkane Chair Andy Quinn thanked Mr Duffy for his contributions following the merger with Mandalay Resources, and the release was authorised by Managing Director Nic Earner.
This is a board-level personnel change; the company did not announce a replacement or indicate any immediate operational or financial impact.
Alkane Resources (OTC:ALKEF) reported 36,407 AuEq oz produced for the quarter 1 Jul–30 Sep 2025 (group basis) including 35,527 Au oz and 198 t antimony. Statutory production from 5 Aug–30 Sep 2025 was 30,511 AuEq oz. Cash, bullion and listed investments totaled A$191 million at quarter end after repayment of a A$45 million debt facility and incurring A$25 million one‑off merger transaction costs. Hedging of 7,250 oz of gold was filled during the quarter. FY2026 group production guidance of 160,000–175,000 AuEq oz at an AISC of A$2,600–A$2,900/AuEq oz remains unchanged. Further details to follow in the full September 2025 Quarterly Report.
Alkane Resources (OTCQX:ALKEF) has released its FY2026 guidance following its recent merger with Mandalay Resources. The company projects consolidated production of 160,000-175,000 gold equivalent ounces across its three operating mines: Tomingley, Costerfield, and Björkdal.
Key financial metrics include All-in Sustaining Costs (AISC) of A$2,600-A$2,900 per gold equivalent ounce. The company plans significant growth and exploration investments of A$81-91 million across its operations. Due to the merger completion date of August 5, 2025, statutory reported production (Attributable Guidance) is expected to be 155,000-168,000 gold equivalent ounces for FY2026.
Alkane Resources (OTCQX:ALKEF) reported strong financial results for FY2025, with a profit after tax of A$33 million, representing an 87% increase from the previous year. The company's gold production reached 70,120 ounces, up 23% year-over-year, with an all-in sustaining cost of A$2,561 per ounce.
Gold revenue surged 52% to A$262.4 million, driven by increased production and a 25% higher average sale price of A$3,770 per ounce. The company maintained a strong financial position with A$60.3 million in total assets, including cash, bullion, and listed investments.
Post-year-end, Alkane completed a strategic "merger of equals" with Mandalay Resources Corporation, positioning the company for enhanced production and growth opportunities in the upcoming fiscal year.
Alkane Resources (OTCQX:ALKEF) has reported significant gold intersections from its exploration drilling program at the Tomingley Gold Project in New South Wales, Australia. The most notable results came from the El Paso prospect, located 2km south of the San Antonio deposit, where drilling intercepted 32.1 metres grading 1.65 g/t Au and 8.2 metres grading 3.74 g/t Au.
The company plans 2,000 metres of additional diamond core drilling at El Paso starting next month. The exploration program also revealed promising results at multiple new areas including El Paso SE, Jounama, and Westray prospects. Alkane's 12-month exploration plan includes a high-resolution drone magnetic survey and 6,000m of RC and diamond core drilling across various targets.
Alkane Resources (OTCQX:ALKEF) provided updates on its FY2026 Production Guidance and Annual Resources and Reserves Statement following its merger with Mandalay Resources. The company expects to release FY2026 Production Guidance in September and is working on converting Costerfield and Björkdal mineral estimates from NI 43-101 to JORC Code compliance.
For FY2025, Costerfield produced 38,037 ounces of gold and 817 tonnes of antimony, resulting in 49,351 gold equivalent ounces. Björkdal delivered 41,364 ounces of gold. The company also retracted previously stated mine life information for both operations, advising investors not to rely on these estimates for investment decisions.
Combined revenue for both operations in FY2025 reached US$264.9 million, with Costerfield contributing US$136.8 million and Björkdal US$128.1 million.
Alkane Resources (OTCQX:ALKEF) has announced the complete repayment of its A$45 million Macquarie facility debt, which was originally established to expand its Tomingley Gold Operations in Central New South Wales. The company utilized its existing cash reserves for the repayment.
Following this repayment, Alkane is now essentially debt-free, maintaining only standard equipment financing. CEO Nic Earner highlighted that this debt clearance demonstrates the company's strong balance sheet and enhances its flexibility to pursue both organic and external growth opportunities while maintaining robust working capital.