September 2026 Quarter Production Update
FY27 growth spending covers mine-life extensions and development projects at Tomingley, Costerfield and Björkdal.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Alkane Resources (ALKEF, ALKRY) reported September-quarter production of 40,740 gold-equivalent ounces, combining gold and antimony output from its three mines. Gold production comprised 21,506 ounces at Tomingley, 7,835 at Costerfield and 10,482 at Björkdal; Costerfield also produced 396 tonnes of antimony. Group sales were 37,950 gold ounces and 172 tonnes of antimony.
Cash and bullion totaled $440 million, with $19 million in listed investments. Including an undrawn revolving credit facility, pro forma liquidity was $550 million. Equipment finance was $16 million at 30 September 2026, with no other debt. Maiden-dividend transfers were $24 million in late September and $3 million on 1 October. Quarterly tax payments totaled $13 million.
Alkane reiterated FY27 guidance, including A$160–190 million in growth capital and group all-in sustaining costs of A$2,900–3,200 per gold-equivalent ounce.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointQuarterly production of 40,740 gold-equivalent ounces comprised 39,823 gold ounces and 396 tonnes of antimony.
- Moderate pointQuarterly sales totaled 37,950 gold ounces and 172 tonnes of antimony.
- Moderate point$440 million in cash and bullion provided the quarter-end cash and metal balance.
- Moderate pointUndrawn $110 million revolving credit facility brought pro forma liquidity to $550 million. 6.4% of market cap
- Moderate point. Forward-looking: it has not happened yet and may not happen.Tomingley growth capital guidance of A$90–100 million accompanies planned Newell Highway development.
- Moderate point. Forward-looking: it has not happened yet and may not happen.FY27 exploration guidance of A$45–53 million covers Tomingley, Costerfield and Björkdal.
5 minor points
- Minor point$19 million in listed investments supplemented cash and bullion.
- Minor pointMaiden-dividend transfers totaled $24 million in late September and $3 million for TSX shareholders on 1 October.
- Minor point. Forward-looking: it has not happened yet and may not happen.Costerfield growth capital guidance of A$30–40 million accompanies planned Brunswick South development.
- Minor point. Forward-looking: it has not happened yet and may not happen.Björkdal growth capital guidance of A$40–50 million accompanies planned Nylund’s open integration and Storheden development.
- Minor point. Forward-looking: it has not happened yet and may not happen.Boda/Kaiser and other exploration guidance provides for A$10–12 million in FY27 spending.
Negative
- Moderate point. Forward-looking: it has not happened yet and may not happen.Remaining hedge deliveries of 21,150 gold ounces are due over the three quarters to June 2027.
- Minor pointEquipment finance of $16 million remained outstanding at 30 September 2026, with no other debt.
- Minor pointTax payments of $13 million were made during the quarter.
News Explained
Alkane reports that it delivered gold into hedges during the quarter, with further gold deliveries still to be made over the three quarters to
Key Figures
- Quarterly gold-equivalent production
- 40,740 AuEq oz
- September quarter
- Sales
- 37,950 oz gold and 172 tonnes antimony
- September quarter
- Cash and bullion
- $440 million
- Closing balance
- Pro forma liquidity
- $550 million, including an undrawn $110 million facility
- September quarter update
- Maiden dividend payment
- $24 million and an additional $3 million
- $24 million transferred for payment on October 1; additional amount transferred for TSX shareholders
- Gold remaining to be delivered into hedges
- 21,150 oz
- Over the three quarters to June 2027
- FY27 group gold-equivalent production guidance
- 163–177 koz
- Guidance reiterated
- FY27 group growth capital guidance
- A$160–190 million
- Guidance reiterated
Historical Context
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Declared a 2.0-cent-per-share maiden dividend, later confirmed paid in the September-quarter update.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
revolving credit facility financial
aisc financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Closing cash & bullion of
PERTH, Australia, Oct. 08, 2026 (GLOBE NEWSWIRE) --
- Quarterly gold production of 40,740 AuEq1 oz, comprised of:
| Mine | Q1 FY27 Actual |
| Production | |
| Tomingley | 21,506 Au oz |
| Costerfield | 7,835 Au oz 396 Sb t 8,752 AuEq oz |
| Björkdal | 10,482 Au oz |
| Group | 39,823 Au oz 396 Sb t 40,740 AuEq oz |
| Sales | |
| Group | 37,950 Au oz 172 Sb t 38,348 AuEq oz |
- Cash, bullion and listed investment balance of
$459 million .- Alkane has cash & bullion of
$440 million , and pro forma liquidity of$550 million when including its undrawn$110 million revolving credit facility. - Investments in listed securities of
$19 million . - FY27 is a year of significant re-investment into the business investing in mine life extensions, delivering growth projects at Tomingley (Newell Highway), Costerfield (Brunswick South development) and integration to Nylund’s open and commencement of Storheden development at Björkdal.
- Maiden dividend payment of
$24 million was transferred towards the end of September to the share registry (for payment to Shareholders on 1 October 2026) with the balance of$3 million transferred for TSX shareholders on 1 October 2026. - Debt free except for equipment finance of
$16 million at 30 September 2026. - Tax payments during the quarter totaled
$13 million .
- Alkane has cash & bullion of
- Sales of 37,950 ounces of gold and 172 tonnes of antimony.
- Delivery of 7,800ozs into hedges. There are 21,150ozs remaining to be delivered over the 3 quarters to June 2027.
- Alkane will provide further detailed commentary on its operational and financial performance with the release of the September quarter activities report on Friday, 23 October 2026. A conference call will be hosted on the same day (details below).
Q1 FY2027 OPERATING & FINANCIAL RESULTS WEBCAST
The Managing Director & CEO, Mr Nic Earner, and CFO, Mr James Carter, will host a conference call and webcast to discuss the September Quarter results. Details to participate are as follows:
| Date/Time: | Perth, Australia 7:00am AWDT, Friday, 23 October 2026 Sydney, Australia 10.00am AEDT, Friday, 23 October 2026 Toronto, Canada 7:00pm EDT, Thursday, 22 October 2026 |
| Conference Call Registration: | https://register-conf.media-server.com/register/BI32ed02fad6e54915bbda2bf8ecef6e4d |
| Webcast Link: | https://edge.media-server.com/mmc/p/qkjwtfyc |
The accompanying presentation slides and a replay of the webcast will be available on the Company’s website – HERE.
FY27 Guidance
Alkane re-iterates the FY27 guidance for the group released to the ASX on 21 August 2026 titled “FY26 Financial Results and Dividend”, as set out below:
| Tomingley | Costerfield | Björkdal | Group | |
| Gold equivalent production (oz)1 | 78-84 | 44-48 | 41-45 | 163-177 |
| AISC (A$/oz AuEq) | 2,600-2,900 | 2,700-3,000 | 3,300-3,700 | 2,900-3,200 |
| Growth capital (A$ million) | 90-100 | 30-40 | 40-50 | 160-190 |
| Exploration (A$ million) | 15-17 | 20-23 | 10-13 | 45-53 |
| Boda/Kaiser & Other Exploration (A$ million) | 10-12 |
Alkane is not aware of new information materially affecting the guidance and its underlying assumptions continue to apply.
This document has been authorised for release to the market by Nic Earner, Managing Director & CEO.
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 total contained value by average market price of gold in period. I.e., AuEq = ((Au Produced x Au $/oz) + (Sb Produced pre-payability x
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much gold-equivalent production did Alkane report for the September 2026 quarter?
Alkane produced 40,740 gold-equivalent ounces in the September 2026 quarter. Output comprised 39,823 ounces of gold and 396 tonnes of antimony. Gold-equivalent ounces express the combined metals’ value in terms of gold.
What FY27 cost guidance did Alkane reiterate?
Alkane reiterated group all-in sustaining cost guidance of A$2,900–3,200 per gold-equivalent ounce for FY27. Mine-level ranges are A$2,600–2,900 at Tomingley, A$2,700–3,000 at Costerfield and A$3,300–3,700 at Björkdal.
How much gold does Alkane still have to deliver into hedges?
Alkane has 21,150 gold ounces remaining to be delivered into hedges over the three quarters to June 2027. It delivered 7,800 ounces into hedges during the September quarter.
How does Alkane calculate gold-equivalent production?
Alkane calculates gold-equivalent production by adding gold’s market value to antimony’s market value after applying 70% payability, then dividing by gold’s average market price. September-quarter average prices were A$6,035 per gold ounce and A$19,982 per antimony tonne, using an AUD:USD exchange rate of 0.7062.