March 2026 Quarter Production Update
Rhea-AI Summary
Alkane Resources (ASX:ALK / TSX:ALK / OTC:ALKRY) reported quarterly production of 45,776 AuEq oz for 1 Jan–31 Mar 2026, comprising 44,669 Au oz and 377 t antimony. Cash, bullion and listed investments were A$374 million (A$128m increase QoQ) and pro forma liquidity was A$472 million including an undrawn A$110 million RCF expected June 2026. The company is debt free except A$20 million equipment finance. Sales were 42,550 Au oz and 280 t Sb. FY2026 guidance of 160,000–175,000 AuEq oz at A$2,600–2,900/AuEq oz remains unchanged.
Positive
- Quarterly production of 45,776 AuEq oz
- Cash, bullion & investments A$374 million (A$128m QoQ increase)
- Pro forma liquidity A$472 million including undrawn A$110m RCF
- Sales of 42,550 Au oz and 280 t antimony
Negative
- Hedging of 8,700 oz filled (limits upside exposure to higher prices)
- Equipment finance liability of A$20 million at 31 Mar 2026
- Tax instalments of A$15 million paid during the quarter
News Market Reaction – ALKEF
On the day this news was published, ALKEF gained 12.34%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
ALKEF gained 5.65% while key gold peers were mostly down: RUPRF -1.38%, MWSNF -0.81%, SXGCF -3.33%, SNWGF -4.62%, with only RSRBF slightly up 0.81%. This points to a company-specific move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 29 | Credit facilities | Positive | -1.7% | Execution of A$110M RCF and A$40M contingent facility for corporate flexibility. |
| Feb 24 | Exploration results | Positive | +4.2% | High-grade gold-antimony intercepts expanding Kendal deposit near Costerfield. |
| Feb 23 | Exploration drilling | Positive | -2.5% | Deep drilling success identifying gold-bearing structures at Tomingley. |
| Feb 12 | Earnings results | Positive | +4.3% | Record HY2026 operating and financial results with strong profitability. |
| Feb 10 | Results preview | Neutral | -0.5% | Notice of upcoming H1 and Q2 FY2026 results release and conference call. |
Recent news has seen a mix of aligned and divergent reactions, with positive operational and financial updates sometimes sold into.
Over the past few months Alkane has reported several positive developments. Record HY2026 results showed $404M revenue, $185M adjusted EBITDA and $65M net profit, with $246M in cash, bullion and investments. Exploration updates at Tomingley and Costerfield highlighted high‑grade gold‑antimony intercepts and resource potential. The company also executed an A$110M revolving credit facility and A$40M contingent instrument facility, after early repaying a $45M project finance facility. Today’s strong production and liquidity update follows this trajectory of operational strength and balance-sheet reinforcement.
Market Pulse Summary
The stock surged +12.3% in the session following this news. A strong positive reaction aligns with Alkane’s solid March quarter update. Production reached 45,776 AuEq oz and cash, bullion and investments totaled A$374M, supporting total liquidity of $472M with minimal debt of $20M. Historically, good news has sometimes seen mixed follow‑through, with both aligned and divergent moves. Investors often reassess sustainability versus guidance of 160,000–175,000 AuEq oz and AISC of A$2,600–2,900 per ounce.
Key Terms
revolving credit facility financial
hedging financial
aisc financial
AI-generated analysis. Not financial advice.
Quarterly Production of 45,776 oz AuEq1
Closing cash and bullion
- Quarterly gold production of 45,776 AuEq1 oz, comprised of:
| Mine | Group Q3 (1 Jan – 31 Mar 2026) | Group YTD2 (1 Jul – 31 March 2026) |
| Production | ||
| Tomingley | 21,652 Au oz | 62,076 Au oz |
| Costerfield | 10,584 Au oz 377 Sb t 11,691 AuEq oz | 29,986 Au oz 842 Sb t 32,869 AuEq oz |
| Björkdal | 12,433 Au oz | 30,901 Au oz |
| Consolidated | 44,669 Au oz 377 Sb t 45,776 AuEq oz | 122,963 Au oz 842 Sb t 125,846 AuEq oz |
| Sales | ||
| Consolidated | 42,550 Au oz 280 Sb t 43,373 AuEq oz | 119,596 Au oz 829 Sb t 122,416 AuEq oz |
- Cash, bullion and listed investment balance of
$374 million .- Increase of
$128 million from the previous quarter. - Alkane has cash & bullion of
$362 million , and pro forma liquidity of$472 million when including an undrawn$110 million revolving credit facility (subject to satisfaction of conditions precedent, expected June 2026). - The company is debt free except for equipment finance of
$20 million at 31 March 2026.
- Increase of
- Sales of 42,550 ounces of gold and 280 tonnes of antimony.
- FY2026 Group Guidance of 160,000 to 175,000 AuEq1 oz production at an AISC of A
$2,600 -$2,900 per AuEq oz remains unchanged.3 - Operations have not been interrupted by diesel supply. Alkane has contracts in place with diesel suppliers for regular fuel deliveries, our suppliers have not indicated any disruptions. Diesel represents a small portion of total costs, as we have three underground mines and power is provided from grid suppliers in Australia and Sweden.
PERTH, Australia, April 08, 2026 (GLOBE NEWSWIRE) -- Alkane Resources Ltd (‘Alkane’) (ASX:ALK, TSX:ALK, OTC:ALKRY) has produced 45,776 ounces of gold equivalent1 over the period from 1 January 2026 to 31 March 2026. Cash (
Alkane Managing Director & CEO, Nic Earner, said:
“Alkane has had an excellent quarter’s production from our three operating mines which together produced 44,669 ounces of gold and 377 tonnes of antimony (45,776 ounces of gold equivalent) over the quarter. We have a very strong balance sheet with A
This document has been authorised for release to the market by Nic Earner, Managing Director & CEO.
ABOUT ALKANE ‐ alkres.com ‐ ASX:ALK | TSX: ALK | OTCQX: ALKRY
Alkane Resources (ASX:ALK; TSX:ALK; OTCQX:ALKRY) is an Australia-based gold and antimony producer with a portfolio of three operating mines across Australia and Sweden. The Company has a strong balance sheet and is positioned for further growth.
Alkane’s wholly owned producing assets are the Tomingley open pit and underground gold mine southwest of Dubbo in Central West New South Wales, the Costerfield gold and antimony underground mining operation northeast of Heathcote in Central Victoria, and the Björkdal underground gold mine northwest of Skellefteå in Sweden (approximately 750km north of Stockholm). Ongoing near-mine regional exploration continues to grow resources at all three operations.
Alkane also owns the very large gold-copper porphyry Boda-Kaiser Project in Central West New South Wales and has outlined an economic development pathway in a Scoping Study. The Company has ongoing exploration within the surrounding Northern Molong Porphyry Project and is confident of further enhancing eastern Australia’s reputation as a significant gold, copper and antimony production region.
Interactive Analyst Centre™
Comprehensive financial, operational, resource and reserve information for Alkane Resources is available through the Interactive Analyst Centre™ located in the Investors section of our website at alkres.com.
Cautionary Note Regarding Forward-Looking Information and Statements
This announcement contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation and may include future-oriented financial information or financial outlook information (collectively "Forward-Looking Information"). Actual results and outcomes may vary materially from the amounts set out in any Forward-Looking Information. As well, Forward-Looking Information may relate to: future outlook and anticipated events; expectations regarding exploration potential; production capabilities and future financial or operating performance, including AISC, investment returns, margins and share price performance; production and cost guidance and the timing thereof; issuing updated resources and reserves estimate and the timing thereof; the potential of the Company to meet industry targets, public profile and expectations; and future plans, projections, objectives, estimates and forecasts and the timing related thereto. Forward-Looking Information is generally identified by the use of words like "will", "create", "enhance", "improve", "potential", "expect", "upside", "growth" and similar expressions and phrases or statements that certain actions, events or results "may", "could", or "should", or the negative connotation of such terms, are intended to identify Forward-Looking Information. Although Alkane believes that the expectations reflected in the Forward-Looking Information are reasonable, undue reliance should not be placed on Forward-Looking Information since no assurance can be provided that such expectations will prove to be correct. Forward-Looking Information is based on information available at the time those statements are made and/or good faith belief of the officers and directors of Alkane as of that time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the Forward-Looking Information. Forward-Looking Information involves numerous risks and uncertainties. Such factors include, without limitation: risks relating to changes in the gold and antimony price. Forward-Looking Information is designed to help readers understand Alkane’s views as of that time with respect to future events and speak only as of the date they are made. Except as required by applicable law, Alkane assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the Forward-looking Information. If Alkane updates any one or more forward-looking statements, no inference should be drawn that the company will make additional updates with respect to those or other Forward-looking Information. All Forward-Looking Information contained in this announcement is expressly qualified in its entirety by this cautionary statement.
Disclaimer
Alkane has prepared this announcement based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this announcement. To the maximum extent permitted by law, none of Alkane, its directors, officers, employees, associates, advisers and agents, nor any other person accepts any liability, including, without limitation, any liability arising from fault or negligence on the part of any of them or any other person, for any loss arising from the use of this announcement or its contents or otherwise arising in connection with it. This announcement is not an offer, invitation, solicitation, or other recommendation with respect to the subscription for, purchase or sale of any security, and neither this announcement nor anything in it shall form the basis of any contract or commitment whatsoever.
CONTACT: NIC EARNER, MANAGING DIRECTOR & CEO, ALKANE RESOURCES LTD, TEL +61 8 9227 5677
INVESTORS & MEDIA: NATALIE CHAPMAN, CORPORATE COMMUNICATIONS MANAGER, TEL +61 418 642 556
1 Gold equivalent ounces calculated by multiplying quantities of gold and antimony in period by respective average market price of commodities in period, adding the two amounts to get “total contained value based on market price,” and dividing total contained value by average market price of gold in period. I.e., AuEq = ((Au Produced x Au $/oz) + (Sb Produced pre-payability x
2 Group YTD Production calculated on basis of
3 See ALK Announcement dated 9 Sep 2025 and titled ‘Alkane Announces Financial Year 2026 Guidance’ for calculation of Au Eq ounces and definition of Group Guidance. Production guidance on a statutory reported basis (‘Attributable Guidance’) is 155,000 – 168,000 AuEq ounces for FY2026. Note AISC is a non-IFRS measure and does not have a standardised meaning under IFRS and might not be comparable to similar financial measures disclosed by other companies. Refer to "Non-IFRS Performance Measures" at the end of this announcement.
