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The latest update is out from Alkane Resources Ltd ( (AU:ALK) ).
Alkane Resources Ltd reported a quarterly production of 36,407 ounces of gold equivalent for the period from July to September 2025. The company successfully completed a merger with Mandalay Resources, resulting in a consolidated production of 35,527 ounces of gold and 198 tonnes of antimony. Despite incurring one-off transaction costs and repaying a debt facility, Alkane maintains a strong financial position with A$191 million in cash, bullion, and investments. The company’s production guidance for FY2026 remains unchanged, indicating stable operations and potential growth opportunities.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
More about Alkane Resources Ltd
Alkane Resources Ltd is an Australia-based company engaged in the production of gold and antimony, with operations in Australia and Sweden. The company operates three mines: the Tomingley gold mine in New South Wales, the Costerfield gold and antimony mine in Victoria, and the Björkdal gold mine in Sweden. Alkane also owns the Boda-Kaiser gold-copper project in New South Wales, focusing on exploration and development to enhance its resource base.
Average Trading Volume: 7,261,643
Technical Sentiment Signal: Buy
Current Market Cap: A$1.61B
For an in-depth examination of ALK stock, go to TipRanks’ Overview page.