Alkane Resources (ASX:ALK) announced financial results for the quarter ended 30 September 2022.

Gold production of 19,489oz exceeded forecast for the quarter, with site operating cash costs at A$1,095/oz and AISC of A$1,191/oz.

Gold sales for the quarter of 18,344ozfor revenue of A$46.7M at an average price of A$2,547/oz.

FY2023 guidance for Tomingley is unchanged at 55,000oz to 60,000oz production at an AISC of $A1,650/oz to $1,900/oz.

The drill program at Boda continues over the 3km strike length from Boda Three to Kaiser.

Cash, bullion and listed investments position totalled A$124.6M.

Shareholding of ASX listed gold producer Calidus Resources Ltd (ASX:CAI) was ~9.8% at end of September quarter.

Following the announcement the company?s share price fell 4.166%.