September 2026 Quarter Production Update
Key Highlights
- ➤Q1 FY27 gold-equivalent production reached 40,740 ounces
- ➤Cash and bullion totaled $440 million; pro forma liquidity reached $550 million
- ➤Alkane reiterated FY27 production guidance of 163,000-177,000 gold-equivalent ounces
- ➤FY27 growth capital budget remains A$160-190 million
- ➤Alkane delivered 7,800 ounces into hedges, with 21,150 ounces remaining
Expert Statements
Nic Earner, Managing Director & CEO of Alkane Resources Ltd
“FY27 is a year of significant re-investment into the business investing in mine life extensions, delivering growth projects at Tomingley (Newell Highway), Costerfield (Brunswick South development) and integration to Nylund’s open and commencement of Storheden development at Björkdal.”
PERTH, Australia, Oct. 08, 2026 (GLOBE NEWSWIRE) -- * Quarterly gold production of 40,740 AuEq(1) oz, comprised of: Mine Q1 FY27 Actual Production Tomingley 21,506 Au oz Costerfield 7,835 Au oz 396 Sb t 8,752 AuEq oz Björkdal 10,482 Au oz Group 39,823 Au oz 396 Sb t 40,740 AuEq oz Sales Group 37,950 Au oz 172 Sb t 38,348 AuEq oz * Cash, bullion and listed investment balance of $459 million. * Alkane has cash & bullion of $440 million, and pro forma liquidity of $550 million when including its undrawn $110 million revolving credit facility. * Investments in listed securities of $19 million. * FY27 is a year of significant re-investment into the business investing in mine life extensions, delivering growth projects at Tomingley (Newell Highway), Costerfield (Brunswick South development) and integration to Nylund’s open and commencement of Storheden development at Björkdal. * Maiden dividend payment of $24 million was transferred towards the end of September to the share registry (for payment to Shareholders on 1 October 2026) with the balance of $3 million transferred for TSX shareholders on 1 October 2026. * Debt free except for equipment finance of $16 million at 30 September 2026. * Tax payments during the quarter totaled $13 million.
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