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Earnings

Alkane Delivers Profit After Tax of A$33 Million for FY2025

By The Northwire Desk — AI Analysis Aug 21, 2025 · 20:56 ALK · 0.8 Alkane Resources Limited
ALK · Price

Executive Summary

  • Alkane Resources reported a strong FY 2025 with gold revenue up 52% to A$262.4 M and profit after tax nearly doubling to A$33.0 M.
  • Gold production increased 23% to 70,120 oz at an all‑in sustaining cost of A$2,561/oz.
  • Post‑year‑end shareholders approved a “merger of equals” with Mandalay Resources, effective 5 August 2025, positioning the combined entity for further growth.

Key Details

  • Financial Results (FY 2025 vs FY 2024):
  • Gold revenue: A$262.4 M (+52%)
  • Gold production: 70,120 oz (+23%)
  • Gold sales: 69,774 oz (+21%)
  • Sale price: A$3,770/oz (+25%)
  • Tomingley profit before tax: A$60.9 M (+84%)

  • Company profit after tax: A$33.0 M (+87%)

  • Cost Metric: All‑in sustaining cost (AISC) of A$2,561 per ounce for FY 2025.

  • Balance Sheet Highlights (30 June 2025):

  • Total cash, bullion & listed investments: A$60.3 M

    • Cash: A$48.1 M
    • Bullion (fair value): A$12.2 M
    • Listed investments (market value): A$8.0 M

  • Merger of Equals:

  • Parties: Alkane Resources Limited (ASX:ALK) and Mandalay Resources Corporation (TSX:MND).
  • Shareholder approval obtained post‑year‑end; merger effective 5 August 2025.

  • Intended to create a larger, diversified gold producer with enhanced production capacity and growth opportunities.

  • Operational Update:

  • Roswell underground deposit continued operating profitably.
  • Higher grade ore and improved recoveries attributed to fine‑grind circuit upgrade at Tomingley.

Notable Quotes

“Alkane’s profit comes in a year that included high capital growth spending at Tomingley to increase recoveries and extend the mine life. With the merger with Mandalay completed post financial year end we are well positioned for the upcoming financial year for both production and growth.” – Nic Earner, Managing Director & CEO

Materiality Assessment: Material – Positive (significant earnings improvement and a major corporate transaction).

Read the original news release →

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Production / Operations