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S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0% S 0.140 +0.0% BNKR 4.40 −2.2% QRO 0.045 +0.0% VCT 0.075 +36.4% PPP 1.15 +0.9% LMG 0.390 +0.0% GRDM 0.140 +0.0% ABRA 13.58 −4.1% WHY 0.295 +1.7% HHH 3.94 −0.2% COS 0.060 +0.0% NOB 0.065 −23.5% MEK 0.055 +0.0% TGOL 0.105 −4.5% FCI 0.400 −7.0% SGQ 0.350 +0.0%
Earnings Material +

Alkane Resources Announces Record Operating & Record Financial Results for Q2 and H1 FY2026

By The Northwire Desk — AI Analysis Feb 12, 2026 · 22:10 ALK · 1.46 Alkane Resources Limited
ALK · Price

Executive Summary

  • Alkane Resources reported record half‑year results: revenue $404 M, production 72,732 oz Au + 391 t Sb, adjusted EBITDA $185 M and net profit $65 M (5.32 c/share).
  • Cash position strengthened to $246 M (cash, bullion & listed investments) providing ample liquidity for growth plans.
  • Production and cost metrics improved versus prior periods; all‑in sustaining costs fell to $2,739/AuEq oz and cash operating costs to $2,031/AuEq oz.

Key Details

  • Revenue: $404 M (record) – driven by 74,094 AuEq oz sold at $5,421/oz Au and $41,023/t Sb.
  • Production: 72,732 oz Au and 391 t Sb (record). Consolidated gold‑equivalent production Q2 2026 = 43,663 oz (up from 30,511 oz Q1 2026).
  • Adjusted EBITDA: $185 M for the half; $147.2 M in Q2 2026 vs. $14.8 M in Q2 2025.
  • Net Profit: $65 M (5.32 c/share) – up from $1.9 M profit year‑over‑year.
  • Cash Generation: Cash from operating activities $154 M; free cash flow $65.4 M in Q2 2026 (vs. outflow of $5.5 M in Q2 2025).
  • Cost Metrics:
  • Cash operating cost per AuEq oz = $2,031 (down 8% YoY).
  • All‑in sustaining cost per AuEq oz = $2,739 (down 8% YoY).
  • Capital Expenditure: Total $40.8 M in Q2 2026 (incl. $9.0 M growth projects at Tomingley, $11.2 M exploration drilling across sites).
  • Site‑Specific Highlights:
  • Tomingley (AUS): 22,089 oz Au produced; cash cost $1,811/oz (down 19% YoY); AISC $2,216/oz.
  • Costerfield (VIC): 11,686 AuEq oz produced; cash cost $1,701/AuEq oz; AISC $2,149/AuEq oz.
  • Björkdal (SWE): 9,888 oz Au produced; cash cost $2,910/oz; AISC $4,117/oz.
  • Guidance FY 2026: Expect consolidated gold production 149‑161 kt Au (AuEq 155‑168 kt); all‑in sustaining costs $2,600‑$2,900/AuEq oz; growth & exploration capex $78‑$88 M.
  • Conference Call/Webcast: Scheduled for 13 Feb 2026, 8:30 am EST (Toronto) / 9:30 pm AWST (Perth).

Notable Quotes

“Alkane has just delivered the strongest quarter in its history…record revenues along with lower operating costs generated over $147 million of Adjusted EBITDA. The Company ended the quarter in a robust cash position which will provide the support for Alkane’s growth plans.” – Nic Earner, Managing Director & CEO

All figures are presented in Australian dollars unless otherwise noted.

Read the original news release →

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