Alkane Resources (ALK) Q2 2026 TU earnings summary

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.