Alkane Posts Record A$228.7M Profit, Maiden Dividend

Alkane Resources posted a record A$228.7 million net profit for the year ended June 30, a 590% jump from a year earlier, and declared its first dividend. The result came after the company completed a merger with Mandalay Resources in August 2025 that turned it into a three-mine gold and antimony producer.

The enlarged group's operations – Tomingley in New South Wales, Costerfield in Victoria and Björkdal in Sweden – delivered 168,337 gold equivalent ounces for the full year. An average realized gold price of A$5,664 per ounce, up from A$3,770 in FY25, drove revenue and cash flow records. Alkane ended the year with A$454 million in cash, bullion and listed investments.

The board declared a maiden fully franked dividend of 2.0 cents per share.

Managing Director Nic Earner called the year transformational for the company. “The merger with Mandalay created a three-mine gold and antimony producer of scale, and record production, revenue and profit in our first year as a combined group demonstrate the quality of the business we have built,” he said. “The declaration of Alkane’s maiden dividend is a significant milestone in the Company’s history, and reflects both the strength of our balance sheet and the Board’s confidence in the outlook for the Company.”

Earner pointed to FY27 guidance, released July 21, as further evidence of that confidence. Alkane reiterated group gold equivalent production of 163,000 to 177,000 ounces at an all-in sustaining cost of A$2,900 to A$3,200 per ounce. The guidance covers all three operations on a consolidated basis for the first time.