Q1 FY2026 Operating & Financial Results

Core Insights - Alkane Resources Limited reported significant financial results for Q1 2026, highlighting a successful merger with Mandalay Resources and strong production figures [4][7][25]. Financial Performance - The company generated consolidated revenue of AUD 147.2 million in Q1 2026, an increase of AUD 85 million from AUD 62.3 million in Q1 2025, driven by increased production and higher gold prices [6][8]. - Adjusted EBITDA for the quarter was AUD 36.9 million, up from AUD 22.2 million in the previous year [10]. - The company reported a consolidated net loss of AUD 2.7 million for Q1 2026, compared to a profit of AUD 11.3 million in Q1 2025 [10][8]. - Cash, bullion, and liquid investments totaled AUD 191 million at the end of the quarter, after repaying AUD 45 million in debt and incurring one-off costs of AUD 25 million related to the merger [11][7]. Production and Operations - Alkane produced a total of 30,511 gold equivalent ounces in Q1 2026, compared to 18,418 ounces in Q1 2025, reflecting the addition of production from Costerfield and Björkdal [14][12]. - The company’s three operating mines produced 29,965 ounces of gold and 124 tonnes of antimony during the quarter [4]. - Tomingley produced 18,335 ounces of gold, while Costerfield and Björkdal contributed 6,189 and 5,987 ounces of gold equivalent, respectively [12][23][21]. Cost Analysis - The consolidated cash operating cost per ounce of gold equivalent produced was AUD 2,215 in Q1 2026, up from AUD 1,819 in Q1 2025 [15][16]. - All-in sustaining costs per ounce of gold equivalent increased to AUD 2,988 in Q1 2026 from AUD 2,157 in Q1 2025 [16][15]. - Tomingley's cash operating costs were AUD 2,120 per ounce, reflecting a 17% increase due to higher processing costs [15][18]. Strategic Developments - The merger with Mandalay Resources was completed in early August 2025, enhancing Alkane's operational capacity and market position [4][7]. - The company was admitted to the ASX 300 during the quarter, indicating a strengthened market presence [7]. Operational Highlights - Costerfield maintained strong mining productivity and implemented improvement programs to enhance ore quality and recovery [19][20]. - Björkdal achieved solid ore production despite facing external interruptions, with ongoing efforts to optimize processing performance [22].