Northwire Canada EditionMonday, August 10, 2026
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PRU 5.49 +0.9% TOM 0.160 +14.3% QCX 0.235 +6.8% LOD 0.360 −7.7% SSE 0.085 −5.6% GEMG 1.78 +6.0% PTX 0.095 +0.0% AII 15.51 +0.0% NAU 1.87 +9.4% NBY 0.085 −10.5% HBM 38.56 +0.3% SAGE 0.155 +6.9% NIM 0.760 +2.7% XTM 0.070 +7.7% SCD 0.220 +12.8% LXE 0.180 +24.1% PRU 5.49 +0.9% TOM 0.160 +14.3% QCX 0.235 +6.8% LOD 0.360 −7.7% SSE 0.085 −5.6% GEMG 1.78 +6.0% PTX 0.095 +0.0% AII 15.51 +0.0% NAU 1.87 +9.4% NBY 0.085 −10.5% HBM 38.56 +0.3% SAGE 0.155 +6.9% NIM 0.760 +2.7% XTM 0.070 +7.7% SCD 0.220 +12.8% LXE 0.180 +24.1%
Drill Results

Record quarterly operational cash build

By The Northwire Desk — AI Analysis Oct 28, 2025 · 21:06 ALK · 0.9 Alkane Resources Limited
ALK · Price

Executive Summary

  • Record Q1 FY26 gold production of 30,511 AuEq oz at an AISC of A$2,988/oz and full‑quarter production of 36,407 AuEq oz at A$3,036/oz.
  • Completed “merger of equals” with Mandalay Resources (effective 5 Aug 2025); combined company now operates three mines and is ASX‑300 listed.
  • Strong cash position of A$191 million after repaying A$45 m debt and covering one‑off merger costs; operating cash flow of A$73 m for the quarter.

Key Details

  • Production & Costs
  • Q1 FY26 gold‑antimony production: 30,511 AuEq oz (record) – 29,965 oz Au + 124 t Sb.
  • Full‑quarter (3 months) production: 36,407 AuEq oz at AISC A$3,036/oz.
  • Site cash costs: Tomingley A$2,120/oz; Costerfield A$1,927/oz; Björkdal A$2,805/oz.

  • Consolidated AISC for the quarter: A$2,988/oz; operating cash cost: A$2,215/oz.

  • Revenue & Sales

  • Gold‑equivalent sales: 30,010 oz generating A$147 m revenue (Au price A$4,896/oz; Sb price A$35,646/t).

  • Tomingley forward contracts: 7,250 oz delivered at A$2,832/oz.

  • Cash & Balance Sheet

  • Cash, bullion & listed investments: A$191 m (A$160 m cash, $14 m bullion, $17 m liquid investments).
  • Debt repayment: A$45 m loan fully repaid during the quarter.

  • One‑off merger‑related costs: A$25 m.

  • Capital Expenditure

  • Total CAPEX Q1 FY26: A$27 m (incl. A$6 m growth projects – Newell Highway realignment & biodiversity fencing).

  • Exploration drilling spend: A$6 m (Costerfield $4 m; Björkdal $2 m).

  • Exploration Highlights

  • True Blue (Costerfield): 11.7 g/t Au & 6.5 % Sb over 4.88 m (true width ~2.06 m).
  • El Paso (Tomingley): 8.2 m @ 3.74 g/t Au, including 1 m @ 25.0 g/t Au.

  • Boda‑Kaiser porphyry (NMPP): 53.3 m @ 0.87 g/t Au, 0.27 % Cu from reconnaissance drilling.

  • Corporate Actions

  • Merger of equals with Mandalay Resources completed 5 Aug 2025; shareholders approved the transaction.
  • Company admitted to ASX‑300 index during the quarter.

  • FY2026 guidance released for the combined entity (160–175 k oz AuEq at A$2,600‑2,900/oz).

  • Project Updates

  • Newell Highway realignment contract awarded; construction slated for completion Q1 FY27.

  • Mobile equipment financing balance: $23.4 m (increased post‑merger).

  • Derivatives & Hedging

  • Costerfield: 2.5 k oz collars A$3,027–A$3,243/oz (Oct‑Dec 2025 expiries).

  • Björkdal: Purchased 42,000 oz SEK put options (strike SEK 30,645/oz ≈ $4,985/oz) for Jan‑Dec 2026 production.

  • Shareholdings

  • ~9 m Sky Metals shares (value $0.8 m).
  • 30 m Medallion Metals shares (~4.9% stake, value $16.2 m).

Notable Quotes

“It has been a significant quarter with the merger with Mandalay completing in early August. Alkane now has three operating mines who together produced 35,527 ounces of gold and 198 tonnes of antimony… we have a very solid balance sheet with A$191 million in cash, bullion and listed investments at quarter end.” – Nic Earner, Managing Director

Read the original news release →

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Drill Results