Project Finance Facility Fully Repaid
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.
Alkane Resources (OTCQX:ALKEF) ha annunciato il pieno rimborso del debito verso Macquarie pari a 45 milioni di dollari australiani, contratto per finanziare l'espansione delle Tomingley Gold Operations nel centro del New South Wales. Il rimborso è stato effettuato con le riserve di cassa disponibili.
Dopo questo pagamento, Alkane è sostanzialmente priva di debiti, mantenendo soltanto finanziamenti standard per attrezzature. Il CEO Nic Earner ha sottolineato che l'estinzione del debito rafforza il bilancio della società e aumenta la flessibilità per perseguire sia la crescita organica sia acquisizioni esterne, preservando un solido capitale circolante.
Alkane Resources (OTCQX:ALKEF) ha anunciado el reembolso total de su deuda con Macquarie por 45 millones de dólares australianos, originada para ampliar sus Tomingley Gold Operations en el centro de Nueva Gales del Sur. La compañía utilizó sus reservas de efectivo para efectuar el pago.
Tras este reembolso, Alkane queda prácticamente libre de deuda, conservando únicamente financiación habitual de equipos. El CEO Nic Earner destacó que la cancelación de la deuda pone de manifiesto la solidez del balance y aumenta la flexibilidad para impulsar tanto el crecimiento orgánico como externo, manteniendo un fuerte capital de trabajo.
Alkane Resources (OTCQX:ALKEF)는 중앙 뉴사우스웨일즈의 Tomingley Gold Operations 확장을 위해 체결했던 호주 달러 4,500만 건의 Macquarie 차입금을 전액 상환했다고 발표했습니다. 상환은 보유 현금으로 이루어졌습니다.
이번 상환으로 Alkane은 장비 관련 표준 금융을 제외하고 사실상 무차입 상태가 되었습니다. CEO 닉 어너는 채무 상환이 회사의 재무 건전성을 보여주며, 유기적 성장과 외부 성장 기회를 모두 추구할 수 있는 유연성을 높이고 견실한 운전자본을 유지한다고 강조했습니다.
Alkane Resources (OTCQX:ALKEF) a annoncé le remboursement intégral de sa dette de 45 millions de dollars australiens auprès de Macquarie, contractée pour étendre ses Tomingley Gold Operations dans le centre de la Nouvelle-Galles du Sud. Le remboursement a été effectué avec les liquidités existantes.
Après ce paiement, Alkane est essentiellement sans dette, ne conservant que des financements standards pour l'équipement. Le PDG Nic Earner a souligné que cette extinction de la dette démontre la solidité du bilan et renforce la flexibilité de l'entreprise pour poursuivre une croissance organique comme externe, tout en maintenant un fonds de roulement solide.
Alkane Resources (OTCQX:ALKEF) hat die vollständige Rückzahlung seiner A$45 Millionen Macquarie-Fazilität angekündigt, die ursprünglich zur Erweiterung der Tomingley Gold Operations in Zentral-New South Wales aufgenommen wurde. Die Rückzahlung erfolgte aus vorhandenen Bargeldbeständen.
Mit dieser Tilgung ist Alkane faktisch schuldenfrei und hat lediglich standardmäßige Finanzierungen für Ausrüstung. CEO Nic Earner betonte, dass die Schuldenfreiheit die Bilanzstärke des Unternehmens unterstreiche und die Flexibilität zur Verfolgung organischen und externen Wachstums erhöhe, während das Betriebskapital robust bleibe.
- Complete repayment of A$45 million debt facility using cash reserves
- Company becomes substantively debt-free
- Strong balance sheet position maintained post-debt repayment
- Enhanced financial flexibility for future growth opportunities
- Significant reduction in cash reserves due to A$45 million debt repayment
PERTH, Australia, Aug. 17, 2025 (GLOBE NEWSWIRE) -- Alkane Resources Limited (ASX: ALK; TSX: ALK; OTCQX: ALKEF) (‘Alkane’ or ‘the Company’) is pleased to announce the repayment of the outstanding A
The A
Alkane Managing Director & CEO, Nic Earner, said: “The repayment of the A
This document has been authorised for release to the market by Nic Earner, Managing Director and CEO.
ABOUT ALKANE ‐ www.alkane.com.au ‐ ASX:ALK | TSX: ALK | OTCQX: ALKEF
Alkane Resources (ASX:ALK; TSX:ALK; OTCQX:ALKEF) 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.
Disclaimer
Nothing in this announcement should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities.
This announcement contains certain forward-looking statements and forecasts, including possible or assumed reserves and resources, production levels and rates, costs, prices, future performance or potential growth of the Company, growth or other trend projections. These statements are based on expectations as at the date of the report. Forward-looking statements inherently involve known and unknown risks, uncertainties and other factors outside of Alkane’s control and actual results, performance and achievements may differ materially from those expressed or implied from these forward-looking statements depending on a variety of factors. Alkane makes no representation, assurance or guarantee as to the accuracy or likelihood or fulfilment of any forward-looking statement or any outcomes expressed or implied in any forward-looking statement. You should not put undue reliance on forward-looking statements.
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
FAQ
How much debt did Alkane Resources (ALKEF) repay in August 2025?
What was the original purpose of Alkane Resources' Macquarie facility?
Is Alkane Resources (ALKEF) completely debt-free after the August 2025 repayment?
How did Alkane Resources fund the A$45 million debt repayment?
What are the benefits of Alkane Resources' debt repayment according to management?
