BUZZ-Australia's Alkane Resources slides on lower FY25 production expectation

Reuters
04-07
BUZZ-Australia's Alkane Resources slides on lower FY25 production expectation

** Alkane Resources ALK.AX slides as much as 13.1% to A$0.564; marks biggest pct loss since June 21, 2022

** Stock on track for fifth consecutive session of losses

** Gold explorer expects production to be at lower end of FY25 forecast of 70,000oz-80,000oz for Tomingley Gold Project in New South Wales

** About 1.4 mln shares traded, 1.3x the 30-day avg

** ALK last down 6.2%, trimming YTD gains to 19.6%

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

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