Alkane Resources
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Alkane Resources (ALK) investor relations material

Alkane Resources Q2 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 TU earnings summary26 Jan, 2026

Executive summary

  • Achieved record quarterly gold equivalent production of 43,663 oz in Q2 FY26, up from 30,511 oz in Q1 FY26, driven by improved output at Tomingley and full-quarter contributions from Björkdal and Costerfield after the Mandalay merger.

  • Quarterly revenue reached $256 million, a significant increase from $147 million in Q1 FY26, supported by higher gold prices and sales volumes.

  • Operating cash flow for the quarter was $133 million, with cash, bullion, and listed investments totaling $246 million at quarter end.

  • Full-year group guidance remains on track for 160-175k gold equivalent ounces at AISC of $2,600–2,900/oz.

Financial highlights

  • Gold equivalent sales for the quarter were 44,084 oz at an average gold price of $5,785/oz and antimony price of $41,510/t.

  • Group AISC for the quarter was $2,739/oz, down from $2,988/oz in Q1 FY26.

  • Mine operating cash flow totaled $132.5 million for the quarter.

  • Cash, bullion, and listed investments increased by $58 million during the quarter, reaching $246 million after $17 million in tax payments.

Outlook and guidance

  • FY26 production guidance is 160–175k gold equivalent ounces at AISC of $2,600–2,900/oz, unchanged from previous guidance.

  • Newell Highway realignment project at Tomingley is expected to complete in H1 2027.

Q2 cash build excluding delayed Costerfield payment
Address Costerfield's stope performance variability
Impact of McLeans Western Andesite discovery?
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H1 202617 Feb, 2026
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Frequently asked questions

Alkane Resources Limited is an Australian gold exploration and production company. It owns and operates the Tomingley Gold Operations, which include both an open pit and underground gold mine located 50 kilometers southwest of Dubbo, in Central West New South Wales. Besides gold, Alkane Resources is also involved in the exploration of copper, nickel, zinc, and silver deposits. Additionally, the company invests in junior gold mining companies and projects. The company is headquartered in Perth, Western Australia, and its shares are listed on the ASX.

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