Forex News
Alkane reports A$459 million cash, bullion and investments
Alkane Resources reported A$459 million in cash, bullion and listed investments at the September quarter end, and said FY27 guidance remains unchanged.
- Quarterly gold production came to 40,740 AuEq ounces.
- Cash, bullion and listed investments totalled A$459 million.
- Debt stood at A$16 million of equipment finance at 30 September 2026.
Quarter update
Alkane Resources reported quarterly gold production of 40,740 AuEq ounces for the September 2026 quarter. The company said cash, bullion and listed investments totalled A$459 million at the end of the period.
It said cash and bullion stood at A$440 million. Listed securities were A$19 million, and pro forma liquidity was A$550 million including an undrawn A$110 million revolving credit facility.
Production and sales
Sales in the quarter were 37,950 ounces of gold and 172 tonnes of antimony. The company also delivered 7,800 ounces into hedges.
Alkane said 21,150 ounces remain to be delivered over the three quarters to June 2027.
Balance sheet and payments
The company said it was debt free except for A$16 million of equipment finance at 30 September 2026. Tax payments during the quarter totalled A$13 million.
It also said a maiden dividend payment of A$24 million was transferred towards the end of September to the share registry for payment to shareholders on 1 October 2026. The balance of A$3 million was transferred for TSX shareholders on 1 October 2026.
Outlook
Alkane reiterated FY27 guidance it released to the ASX on 21 August 2026. It said it was not aware of new information materially affecting the guidance and that the underlying assumptions continue to apply.
The company said it will provide further commentary with its September quarter activities report on Friday, 23 October 2026. It said a conference call and webcast will be hosted the same day.
Source: GlobeNewswire,