Alkane Resources (ASX:ALK) reported a robust performance for the March quarter, headlined by a total production of 45,776 gold equivalent ounces.
The result reinforces the company's operational consistency across its three underground mining hubs: Tomingley and Costerfield in Australia, and Björkdal in Sweden.
Tomingley remained the primary driver of output, contributing 21,652 ounces of gold, while the Costerfield operation added significant value through its dual-commodity output of gold and 377 tonnes of antimony.
Alkane concluded the quarter with a formidable cash, bullion, and listed investment balance of $374 million—a substantial $128 million increase from the previous quarter.
The growth was achieved alongside the settlement of $15 million in tax instalments and the fulfilment of 8,700 ounces in gold hedging.
Furthermore, the company maintains a pro forma liquidity of $472 million when accounting for an undrawn $110 million revolving credit facility.
Alkane remains nearly debt-free, carrying only $20 million in equipment finance.
Despite global macroeconomic pressures, the company confirmed that operations have not been impacted by diesel supply chains, thanks to secure long-term contracts.
Alkane has maintained its full-year 2026 guidance, targeting 160,000 to 175,000 AuEq ounces at an all-in sustaining cost of $2,600 to $2,900 per ounce.
At the time of reporting, Alkane Resources’ share price was $1.74.