Northwire Canada EditionFriday, November 13, 2026
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Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2% Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2%
Production / Operations

December 2025 Quarterly Production Update

Merger Synergy Materializes as Alkane Hoards Cash Amid High-Cost Production Profile

By The Northwire Desk — AI Analysis Jan 08, 2026 · 04:22 ALK · 1.29 Alkane Resources Limited
Executive Summary

The most recent news release (January 8, 2026) reports a strong Q2 FY2026 production performance following the transformational merger with Mandalay Resources. Alkane produced 43,663 gold equivalent (AuEq) ounces during the quarter, bringing the year-to-date total closer to its annual guidance. The company’s liquidity position has surged to A$246 million in cash, bullion, and listed investments, up from A$191 million in the previous quarter. Management reaffirmed FY2026 guidance of 160,000 to 175,000 oz AuEq. Notably, the Tomingley operation is set to reach a milestone of 750,000 ounces poured in January 2026. The company also received an A$18 million provisional payment for concentrate in early January, which was not included in the December 31 cash balance.

Material Impact
  • Cash Flow Generation: The A$55 million increase in liquid assets over a single quarter (from A$191M to A$246M) demonstrates significant operational cash build. This validates the "merger of equals" with Mandalay Resources as a value-accretive move that has provided the scale necessary to generate meaningful surplus capital.
  • Guidance Reliability: Reaffirming the annual production target of 160k-175k oz AuEq suggests the three operating mines (Tomingley, Costerfield, Bjorkdal) are integrated and performing predictably. Q2 production (43.6k oz) is exactly 25% of the upper guidance limit, indicating no current slippage.
  • Cost Profile Concerns: While production and cash are high, the reaffirmed All-In Sustaining Cost (AISC) remains high at A$2,600 to A$2,900 per ounce. At current high gold prices, the margin is healthy, but the company remains sensitive to price corrections due to its relatively high-cost base, particularly at the Bjorkdal mine in Sweden (which reported a Q1 AISC of A$4,010/oz).
  • Exploration Upside: Material drilling results from December 2025 at the Storheden Deposit (Sweden) and November 2025 at McLeans (Australia) suggest that the current 1.3 Moz gold reserve has significant expansion potential. High-grade intercepts at Storheden (up to 142 g/t Au) are particularly notable for potential grade-sweetening in future production years.
ALK · Price
Company Overview

Alkane Resources is an Australian-based gold producer that recently transformed into a multi-asset international miner through its merger with Mandalay Resources. - Tomingley Gold Operations (NSW, Australia): The flagship asset, an open pit and underground operation with a 1 Mtpa plant. It is currently expanding into the Roswell and San Antonio deposits to extend mine life beyond 2030. - Costerfield (Victoria, Australia): A high-grade underground gold-antimony mine. - Bjorkdal (Sweden): A long-life gold mine. - Boda-Kaiser (NSW, Australia): A massive, low-grade gold-copper porphyry discovery that represents the company's long-term "tier-1" growth potential.

Read the original news release →

More from Alkane Resources Limited

Nov 05, 2026 · 10:00

Alkane reported a first-quarter cash flow beat and launched its maiden dividend, marking a significant milestone for the mining company.

Production / Operations Oct 22, 2026 · 20:12

Alkane reported q1 fy27 results that reaffirm guidance with production pace at the low end of the range and costs beating expectations.

Earnings Oct 19, 2026 · 19:30

Alkane confirms and extends the Nagambie Au-Sb system, though grades remain significantly lower than those at the nearby Costerfield deposit.

Drill Results Oct 14, 2026 · 20:58

Alkane identified 153m at 0.11 g/t Au in a deep porphyry hole, reclassifying the intercept as epithermal upside.

Drill Results Oct 08, 2026 · 18:16

Alkane pays its maiden dividend and reiterates its FY27 guidance after first quarter production hit the low end of its forecast range.

Earnings Sep 10, 2026 · 20:40

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

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