Alkane Resources posts record $93M Q3 profit
Perth-based Alkane Resources (ASX:ALK) announced its financial results for the third quarter ended March 31.
The gold and antimony producer delivered a net profit after tax of $93 million, equivalent to 6.81 cents per share.
The company’s revenue climbed to $274 million for the quarter, bolstered by the sale of 43,373 gold equivalent ounces.
The performance was underpinned by record production levels, with the company extracting 44,669 ounces of gold and 377 tonnes of antimony.
Managing Director Nic Earner attributed the success to the combined strength of the gold and antimony markets, where Alkane realised average prices of $6,315/oz and $34,394/t, respectively.
Financial liquidity remains a cornerstone of the report, with Alkane reporting $161 million in EBITDA and an identical figure in cash generated from operating activities.
The company concluded the quarter with a robust balance sheet featuring $374 million in cash, bullion, and listed investments.
The capital cushion is intended to provide the necessary runway for Alkane’s future growth strategies.
With production on track to meet full-year 2026 guidance, the leadership team remains optimistic about maintaining momentum through the second half of the year.
