Alkane Resources reports record H1 revenue, production

Alkane Resources (ASX:ALK) has signaled a transformative era in its operational history, announcing record-breaking financial and production results for the first half of fiscal year 2026.

Capitalising on a favourable environment of surging gold and antimony prices, the company reported a staggering $404 million in revenue for the six months ended Dec. 31, 2025.

The financial surge was underpinned by gold equivalent sales of 74,094 ounces, realised at an average gold price of $5,421/oz.

The company’s "three mine portfolio" has proven exceptionally potent following the August 2025 merger with Mandalay Resources.

Production hit a milestone of 72,732 ounces of gold and 391 tonnes of antimony, driving a net profit of $65 million, or 5.32 cents per share.

Managing Director Nic Earner highlighted the strength of the most recent quarter, which alone generated $256.7 million in revenue and $147 million in Adjusted EBITDA.

Earner noted that lower operating costs combined with high commodity prices have provided the "momentum" necessary to meet full-year 2026 guidance.

Alkane exits the half-year in a "robust financial position," boasting $246 million in cash, bullion, and listed investments.