Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) has ended FY2026 in the top half of production guidance after delivering 42,491 gold-equivalent ounces in the June quarter and lifting closing cash by $104 million to $432 million.
The company produced 168,337 gold-equivalent ounces for the full year, placing it in the upper half of its 160,000 to 175,000-ounce guidance range.
Three-mine portfolio delivers solid quarter
Quarterly production came from Alkane's three operating mines: Tomingley in New South Wales, Costerfield in Victoria and Björkdal in Sweden.
Tomingley contributed 20,896 ounces of gold for the quarter and 82,973 ounces for the full year, while Costerfield produced 10,117 ounces of gold and 456 tonnes of antimony, equal to 11,659 gold-equivalent ounces. Björkdal added 9,935 ounces of gold in the quarter.
Consolidated June-quarter output was 40,949 ounces of gold and 456 tonnes of antimony, or 42,491 gold-equivalent ounces.
Balance sheet strengthens
Alkane ended the quarter with cash, bullion and listed investments of $454 million, including $432 million in cash, $7 million in bullion and $15 million in listed investments.
The company's cash position rose by $104 million from the previous quarter and by $214 million from December 2025. It also had cash and bullion of $439 million and pro forma liquidity of $549 million, including an undrawn $110 million revolving credit facility.
Alkane remains debt free apart from $17 million in equipment finance at June 30, 2026.
Sales support quarterly result
Sales for the quarter totalled 45,600 ounces of gold and 535 tonnes of antimony, equivalent to 47,411 gold-equivalent ounces. Full-year sales reached 165,196 ounces of gold and 1,364 tonnes of antimony, or 169,827 gold-equivalent ounces.
Managing director and CEO Nic Earner said Alkane had delivered "another solid quarter's production" from its three operating mines and continued to build its balance sheet.
He said: "Alkane has had another solid quarter's production from our three operating mines which together produced 40,949 ounces of gold and 456 tonnes of antimony (42,491 ounces of gold equivalent) over the quarter.
"Total production for the 1 July 2025 to 30 June 2026 period was 168,337 ounces of gold equivalent, in the top half of our guidance2 of 160,000 – 175,000 ounces equivalent"
What's ahead
Alkane will release its full June quarter activities report on Tuesday, July 21, 2026, with further details on operating and financial performance expected later this month.
"We continue to build our balance sheet with $454 million in cash, bullion and listed investments at quarter end and total liquidity of $549 million including our undrawn revolving credit facility," Earner said.