Alkane Resources proposes maiden dividend on $454M cash

• Alkane Resources completed Q4 FY26 with 42,491 gold equivalent ounces produced, meeting the upper half of its full-year targets.
• Strong operational performance pushed the company's total cash, bullion, and listed investments balance to $454 million, supporting a proposed maiden fully franked dividend of 2 cents per share.
• Management projected FY27 group production between 163,000 and 177,000 gold equivalent ounces at an all-in sustaining cost of $3,200 per ounce.

Alkane Resources (ASX:ALK) delivered Q4 gold equivalent production of 42,491 ounces, boosting its total cash balance to $454 million.

Full-year output reached 168,337 gold equivalent ounces, landing in the top half of company guidance.

"Reflecting this strong financial position, the Board has proposed Alkane's first ever dividend of 2 cents per share," said Alkane Resources Managing Director and CEO Nic Earner.

The miner generated site operating cash flow of $174 million for the quarter while completing 8,500 ounces of hedges.

Following the announcement, the Alkane Resources share price was unchanged at $1.37.

Alkane stated that recent drilling at its Northern Molong Porphyry Project defined further gold-copper mineralisation.