Alkane Resources Declares Maiden Dividend, $50M Buyback

Alkane Resources (ASX:ALK, TSX:ALK, OTCQX:ALKRY) declared its first dividend and launched a $50 million share buy-back after a record year. The gold and antimony producer will pay 2.0 cents per share fully franked for FY26 and plans to buy back stock over the next 12 months.

The dividend, the first in the company's history, goes to shareholders of record on Sept. 8. The buy-back is less than 3% of shares outstanding and does not require shareholder approval under Australian or Canadian law. Share purchases on the ASX will be at the company's discretion, dependent on price and market conditions.

"In conjunction with our maiden 2.0cps fully franked dividend announced today, the Share Buy-Back is a clear signal of confidence in Alkane's ability to generate future cash flows and return capital to shareholders," Managing Director and CEO Nic Earner said in a statement.

FY26 was a transformational year for the Perth-based miner. It completed a merger of equals with Mandalay Resources, combining three operating mines across Australia and Sweden. The company reported record production, revenue and profit, closing the year with cash, bullion and listed investments of A$454 million.

Alkane's three mines are Tomingley in New South Wales, Costerfield in Victoria and Björkdal in Sweden. The portfolio also includes the Boda-Kaiser gold-copper porphyry project in New South Wales, which is in the scoping study stage.

The capital allocation framework now has three pillars: dividend, buy-back and organic growth. Earner said the strategy rewards shareholders while preserving balance sheet strength to fund development across the portfolio.