Alkane Resources Announces Record Operating & Record Financial Results for Q2 and H1 FY2026

Core Insights - Alkane Resources Limited reported its strongest quarter in history, driven by high gold and antimony prices, resulting in record revenues of A$256.7 million for Q2 2026 and A$403.9 million for the first half of FY 2026 [4][10][7]. Financial Highlights - The company produced a record 42,767 ounces of gold and 267 tonnes of antimony in Q2 2026, contributing to a total of 74,094 gold equivalent ounces for the half-year [4][7]. - Adjusted EBITDA for Q2 2026 was A$147.2 million, with cash generated from operating activities amounting to A$106.3 million [16][7]. - Net profit for Q2 2026 was A$67.6 million, translating to earnings per share of 4.95 cents, compared to A$1.9 million and 0.31 cents per share in Q2 2025 [8][16]. Production and Cost Metrics - Cash operating costs per ounce of gold equivalent produced were A$2,031 in Q2 2026, down from A$2,249 in Q2 2025, reflecting a 19% decrease due to increased production [12][27]. - All-in sustaining costs (AISC) per ounce of gold equivalent produced decreased to A$2,739 in Q2 2026 from A$3,408 in Q2 2025 [14][23]. - The company ended the quarter with a robust cash position of A$246 million, comprising A$218 million in cash and A$28 million in bullion and liquid investments [17][7]. Operational Performance - The Tomingley operation produced 22,089 ounces of gold in Q2 2026, with cash operating costs of A$1,811 per ounce, a significant decrease from A$2,249 in the previous year [19][27]. - Costerfield produced 11,686 gold equivalent ounces with cash costs of A$1,701 per ounce, while Björkdal produced 9,888 ounces at A$2,910 per ounce [31][34]. - Consolidated gold equivalent production for Q2 2026 was 43,663 ounces, a substantial increase from 30,511 ounces in Q1 2026, attributed to the full quarter of production from Björkdal and Costerfield [22][17]. Future Guidance - Alkane expects to meet its FY 2026 guidance, projecting gold production of 149,000 to 161,000 ounces and antimony production of 750 to 850 tonnes [36][35]. - The company anticipates all-in sustaining costs to range between A$2,600 and A$2,900 per ounce for the fiscal year [36].