Alkane Resources' Fiscal Q2 Gold Equivalent Revenue Up Sequentially

MT Newswires Live
01/27

Alkane Resources (ASX:ALK) reported 43,663 ounces of gold equivalent production and sales of 44,084 ounces of gold equivalent for revenue of AU$256 million for the fiscal second quarter, according to a Tuesday filing with the Australian bourse.

In the fiscal first quarter, the company's gold equivalent revenue was AU$147 million.

The company reported gold production of 14,852 ounces and sales of 16,576 ounces for revenue of AU$59.4 million for the December 2024 quarter, an earlier filing showed.

It is on track to meet its fiscal 2026 production guidance of 160,000 to 175,000 gold equivalent ounces at an all-in sustaining cost of AU$2,600 to AU$2,900 per ounce, the filing said.

The company's shares gained about 1% in recent Tuesday trade.

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