Alkane Resources reports quarterly gold output

• Alkane Resources recorded quarterly gold equivalent production of 40,740 ounces for the September quarter.
• The company closed the quarter with $440 million in cash and bullion.
• Management is undertaking mine life extension projects and organic development across key mining assets.

Alkane Resources (ASX:ALK) produced 40,740 gold-equivalent ounces during the September quarter.

The group output included 39,823 ounces of gold and 396 tonnes of antimony across its mining operations.

The company stated that the current year represents a period of significant reinvestment into the business to extend mine lives and advance growth projects.

Key financial figures showed total cash, bullion, and listed investment balances of $459 million, alongside a maiden dividend transfer of $24 million.

Following the announcement, the Alkane Resources share price was down at $1.76.

Operationally, Tomingley delivered 21,506 ounces of gold, while Costerfield and Björkdal contributed 8,752 and 10,482 gold-equivalent ounces, respectively.

Total quarterly sales reached 37,950 ounces of gold and 172 tonnes of antimony, generating total metal sales of 38,348 gold equivalent ounces.