Alkane Resources proposes maiden dividend on $454M cash
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- 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.
