Alkane Resources Q3 Production Reaches 45,776 AuEq Ounces; Cash Up $128M
Alkane Resources reported 45,776 ounces of gold equivalent production in the March quarter across Tomingley, Costerfield and Björkdal, lifting YTD output to 125,846 AuEq ounces. Cash, bullion and investments rose to $374 million, up $128 million since December, with only $20 million in equipment finance debt.
1. Quarterly Output
Alkane Resources produced 45,776 ounces of gold equivalent in the March quarter, bringing year-to-date production to 125,846 AuEq ounces and generating sales of 43,373 AuEq ounces. Gold production totaled 44,669 ounces alongside 377 tonnes of antimony.
2. Mine-by-Mine Performance
Tomingley delivered 21,652 ounces of gold, Costerfield added 10,584 ounces of gold and 377 tonnes of antimony, while Björkdal contributed 12,433 ounces of gold, demonstrating consistent output across the expanded portfolio.
3. Cash Position and Debt
Closing cash, bullion and listed investments reached $374 million at the end of March, marking a $128 million increase from the December quarter. The company remains effectively debt free aside from $20 million in equipment finance obligations.
4. Guidance and Cost Management
Alkane reaffirmed FY2026 production guidance of 160,000 to 175,000 AuEq ounces with all-in sustaining costs of A$2,600 to A$2,900 per ounce. Secured fuel contracts and reliance on grid power mitigate diesel price risks.