Northwire Canada EditionFriday, September 11, 2026
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GOLD 4407.30 −1.2% SILVER 64.93 −5.4% COPPER 6.55 −5.0% OIL 102.48 +6.7% PALLADIUM 1294.70 −6.2% IGO 0.190 −2.6% MCI 0.165 −2.9% GGI 0.080 +6.7% ETF 0.040 −11.1% ADE 0.100 +5.3% WDO 33.52 −3.3% IMM 0.065 +8.3% SNAG 0.240 −7.7% TUF 0.670 −2.9% VZZ 0.245 −3.9% APGO 3.55 +12.0% ISO 15.38 −6.6% VCG 1.52 +1.3% WRX 0.040 +0.0% TLG 2.22 −4.7% BARU 0.060 +0.0% GOLD 4407.30 −1.2% SILVER 64.93 −5.4% COPPER 6.55 −5.0% OIL 102.48 +6.7% PALLADIUM 1294.70 −6.2% IGO 0.190 −2.6% MCI 0.165 −2.9% GGI 0.080 +6.7% ETF 0.040 −11.1% ADE 0.100 +5.3% WDO 33.52 −3.3% IMM 0.065 +8.3% SNAG 0.240 −7.7% TUF 0.670 −2.9% VZZ 0.245 −3.9% APGO 3.55 +12.0% ISO 15.38 −6.6% VCG 1.52 +1.3% WRX 0.040 +0.0% TLG 2.22 −4.7% BARU 0.060 +0.0%
Resource Estimate Routine +

Group Resources & Reserves Statement FY26

Alkane’s FY26 reserve growth confirms exploration success, though no new catalysts emerged beyond this routine update.

By The Northwire Desk — AI Analysis Sep 10, 2026 · 20:40 ALK · 1.8 Alkane Resources Limited
Executive Summary

Alkane Resources Limited (ALK) released its Group Mineral Resource and Ore Reserve statement as of June 30, 2026. The company reported that all producing assets replaced depletion through exploration and extension, with NI 43-101 compliant technical reports released for all assets.

Group Measured and Indicated Resources grew to 578,796 kt at 0.46 g/t Au, containing 8,641 koz Au, 1.01 Mt Cu, and 42.0 kt Sb. Inferred Resources increased to 275,614 kt at 0.42 g/t Au, containing 3,757 koz Au, 0.45 Mt Cu, and 12.9 kt Sb. Group Ore Reserves stand at 25,488 kt at 1.7 g/t Au, containing 1,374 koz Au and 15.0 kt Sb.

Specific asset updates include the following:

  • Björkdal M&I Resources grew to 22,474 kt at 2.07 g/t Au (1,497 koz Au).
  • Tomingley M&I Resources grew to 17,302 kt at 2.1 g/t Au (1,184 koz Au).
  • Costerfield M&I Resources grew to 1,993 kt at 6.0 g/t Au and 2.1% Sb (387 koz Au, 42.0 kt Sb).
  • Boda-Kaiser M&I Resources expanded to 537,000 kt at 0.32 g/t Au and 0.19% Cu (5,573 koz Au, 1.01 Mt Cu).
Material Impact

Alkane Resources Limited released its routine annual resource and reserve update, confirming management’s exploration success and reserve replacement efforts. Reserve growth of approximately 61,000 ounces of gold and 4,300 tonnes of antimony year-over-year demonstrates successful depletion replacement, a trend heavily telegraphed by continuous high-grade drill results throughout 2026.

The stock closed at $1.80 on August 21 following the earnings release and remained at $1.80 on September 10 with the reserve update, indicating the market had already priced in the operational and financial results. There was no change to guidance, capital allocation, or strategic outlook.

ALK · Price
Company Overview

Alkane Resources Limited (ALK) operates three producing underground and open-pit mines: Tomingley in New South Wales, Australia; Costerfield in Victoria, Australia; and Björkdal in Sweden. The company merged with Mandalay Resources in August 2025, creating a multi-jurisdictional gold and antimony producer. Its development assets include the Boda-Kaiser gold-copper porphyry project and the Northern Molong Porphyry Project. Alkane Resources is 100% owned and listed on the ASX, TSX, and OTCQX. Operations benefit from a dual-metal revenue stream of gold and antimony, providing diversification within a single portfolio.

Read the original news release →

More from Alkane Resources Limited

Aug 23, 2026 · 20:12

Alkane’s narrow Cuffley infill provides incremental feed for its $2.5 billion producer without triggering a re-rate.

Drill Results Aug 21, 2026 · 04:22

Alkane reported record FY26 profit and a maiden dividend despite its all-in sustaining costs missing guidance.

Earnings Jul 28, 2026 · 22:08

Alkane expands its Storheden resource while rising average integrated sustaining costs and guidance suggest potential upside to the production cap.

Resource Estimate Jul 20, 2026 · 18:59

Alkane reports strong cash flow and a maiden dividend, offsetting cost creep and guide raises.

Production / Operations Jul 13, 2026 · 21:10

Alkane’s Brunswick South infill drilling intersected high-grade gold and antimony mineralisation within the producer-stage deposit.

Drill Results Jul 08, 2026 · 20:07

Alkane’s Björkdal project recorded high-grade gold intersections that extended to depth, although narrow widths limit the materiality of the results.

Drill Results