Alkane Resources Ltd. has reported the strongest financial results in the company’s history, posting record revenues of AU$274 million for the third quarter ended March 31.
The company’s net profit for the quarter came in at AU$93 million, a 1,048 per cent jump from AU$8.1 million in net profit in the third quarter of 2025.
The record results were driven by increased production volumes and soaring global commodity prices. The company capitalised on an extraordinary realised gold price of AU$6,315 per ounce and strong antimony prices of AU$34,394 per tonne.
Alkane Resources Managing Director Nic Earner said: “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 $93 million.”
Gold and antimony production was 44,669 ounces of gold and 377 tonnes, respectively. Cash operating costs per ounce of gold equivalent produced were $2,037 in the third quarter, compared to AU$2,037 in the prior-year period.
Sustaining capital amounted to AU$24.3 million in the quarter, compared to AU$7 million in the third quarter of 2025. The increase in sustaining capital was mainly due to the addition of AU$19 million of capital expenditures following the combination with Mandalay (Björkdal and Costerfield at $14.5 million and $4.6 million, respectively) of which AU$7.1 million was underground capital development at Björkdal.
Additionally, capital required to maintain stable production at both acquired operations included ongoing equipment replacements totalling $9.5 million.
The company’s expansion has come with increased costs, with operating expenses rising to AU$114 million as the business manages its larger international footprint.
However, efficiency gains were noted at the Tomingley site, where all-in sustaining costs (AISC) dropped to AU$2,444 per ounce.
Alkane has reinvested AU$12.5 million into exploration drilling across New South Wales, Victoria, and Sweden during the quarter.
A further AU$10 million was tipped into growth projects, including the major Newell Highway realignment at Tomingley, which is slated for completion in early 2027.
