Alkane Announces Financial Year 2026 Guidance
Executive Summary
- Alkane Resources provided full‑year FY2026 guidance for its three operating mines – Tomingley (AUS), Costerfield (AUS) and Björkdal (SWE) – projecting 160,000–175,000 AuEq oz at an AISC of A$2,600–A$2,900 per AuEq oz (Group Guidance).
- After the August 5 2025 merger with Mandalay Resources, statutory (“Attributable”) guidance reflects only Costerfield and Björkdal production for FY2026, targeting 155,000–168,000 AuEq oz.
- Total growth & exploration capital spend is forecast at A$81‑91 million (US$53‑59 million) for the year, with detailed allocations per mine.
Key Details
- Group Production Guidance (full contribution from all three mines):
- Gold produced: 155–170 koz (Tomingley 75‑80 koz; Costerfield 40‑45 koz; Björkdal 40‑44 koz)
- Antimony produced: 800‑900 t (Costerfield only)
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Gold‑equivalent production: 160–175 koz
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All‑in Sustaining Cost (AISC) – Group: A$2,600‑2,900 per AuEq oz (US$1,690‑1,885).
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Attributable Production Guidance (post‑merger statutory basis):
- Gold produced: 149–161 koz (Tomingley 75‑80 koz; Costerfield 37‑41 koz; Björkdal 37‑40 koz)
- Antimony produced: 750‑850 t (Costerfield)
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Gold‑equivalent production: 155‑168 koz
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AISC – Attributable: identical to Group range, A$2,600‑2,900 per AuEq oz.
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Growth & Exploration Capital Expenditures (FY2026):
- Tomingley: A$47‑52 m (US$31‑34 m) – includes site services realignment; exploration focus on Caloma 2, Roswell, Wyoming, Macleans zones.
- Costerfield: A$27‑31 m (US$18‑20 m) – near‑mine and regional drilling at True Blue, Sub KC, Brunswick South, Kendall zones.
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Björkdal: A$7‑8 m (US$5 m) – infill/extensional drilling in North Zone, Eastern Extension, Storheden, Norrberget.
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Sustaining Capital for Björkdal: Significant FY2026 spend on mining development, water infrastructure, tailings dam construction and fleet replacement; expected to lower AISC materially from FY2027 onward.
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Merger Context: The Mandalay Resources merger closed 5 Aug 2025; full contribution of all three mines will be reflected in FY2027 reporting.
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Resource Statement Timing: Alkane is preparing its consolidated 2025 Annual Resources and Reserves Statement, to be released when available.
Notable Quotes
“Following the close of our transformational merger with Mandalay Resources in August, we are now well positioned to deliver significant year‑over‑year growth across our expanded operations in FY2026… This marks the beginning of a new chapter for Alkane, as we remain focused on sustainable growth and delivering shareholder value.” – Nic Earner, Managing Director & CEO.