Alkane Resources Reports Record Q3 Profit of $93 Million
Alkane Resources Limited announced record financial results for the third quarter ended March 31, 2026, delivering a net profit of $93 million Australian dollars. The company achieved this milestone through robust operational performance, generating revenues of $274 million from gold equivalent sales of 43,373 ounces. Key drivers included high realized prices for gold at $6,315 per ounce and antimony at $34,394 per tonne. Production reached record levels with 44,669 ounces of gold and 377 tonnes of antimony produced. EBITDA stood at $161 million, matching cash generated from operating activities, reflecting strong cash generation capabilities. Alkane maintains a robust financial position with a cash, bullion, and listed investment balance of $374 million. Managing Director Nic Earner highlighted this as the strongest quarter in the company's history, attributing success to the three-mine portfolio's performance amid favorable commodity markets. The company confirmed it is on track to meet its 2026 production and cost guidance. These results follow the completed merger with Mandalay Resources in August 2025. Investors and stakeholders can access detailed financial statements and management discussion analysis via the ASX, SEDAR+, and Alkane’s official website.
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