Alkane Resources Ltd. has proposed its first-ever dividend to shareholders after capping off a record-breaking financial year powered by robust cash flow and strong operational performance.
The miner reported a cash, bullion, and listed investment balance of AU$454 million for the quarter ending June 30, an increase of AU$104 million in cash reserves over the three-month period.
On the back of the record financial metrics, Alkane’s board proposed a maiden fully franked dividend of 2 cents per share for fiscal 2026.
Alkane CEO Nic Earner described the dividend proposal as a milestone moment for the company.
“Reflecting this strong financial position and our confidence in the business, the board has proposed Alkane’s first ever dividend of 2 cents per share, fully franked — a significant milestone for the company and a tangible return to the shareholders who have supported our growth,” Earner said.
For the full 2026 financial year, Alkane delivered 168,337 gold equivalent ounces, landing in the top half of its production guidance. Total gold equivalent output for the fourth quarter reached 42,491 ounces at an all-in sustaining cost (AISC) of AU$3,011 per ounce.
Quarterly sales generated AU$257 million in revenue at an average realised gold price of AU$5,442 per ounce. Site operating cash flow for the quarter stood at AU$174 million.
Operations were led by the Tomingley gold operations in Central Western New South Wales, which achieved record annual mill throughput and mined underground ore tonnes.
Tomingley contributed 20,896 ounces of gold for the quarter at an AISC of AU$2,481 per ounce.
Looking ahead, Alkane is targeting between 163,000 and 177,000 gold equivalent ounces at an estimated AISC of AU$2,900 to AU$3,200 per ounce for fiscal 2027.
Growth capital expenditure for the upcoming financial year is projected at AU$160 million to AU$190 million, earmarked for major site developments including the Newell Highway diversion at Tomingley.
