Alkane Resources Says New South Wales Operations Produced Above 19,000 Gold Ounces in the June Quarter

MT Newswires Live
07-07

Alkane Resources (ASX:ALK) said its Tomingley gold operations in New South Wales produced 19,193 ounces of gold in the June quarter, according to a Monday Australian bourse filing.

The company said the full fiscal year gold production of 70,120 ounces from the project was within full-year guidance.

Underlying free cash flow was AU$12.3 million for the quarter, before land purchases for the Boda project of AU$4.1 million.

Unaudited cash, bullion, and listed investments totalled AU$68.3 million at the end of the quarter, up AU$9.7 million from the March quarter.

The company filled hedges of 7,200 ounces during the quarter and made debt repayments of AU$1.8 million.

The company's shares fell 1% in recent Monday trade.

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