Perth-based gold miner Alkane Resources (ASX:ALK) has bolstered its financial position by executing a combined $150 million in new debt facilities.
The package includes a $110 million revolving credit facility and an $40 million contingent instrument facility, established through a syndicate of Australia’s leading Tier-1 banks, including ANZ, CBA, Macquarie, and Westpac.
The strategic move follows the early repayment of a $45 million project finance facility in August 2025, reflecting the company’s transition toward a more flexible and liquid capital structure.
The RCF is earmarked for general corporate purposes, while the CIF is designed to free up cash currently tied up in performance guarantees across the group’s various operations.
The agreement does not require Alkane to enter into mandatory gold hedging, allowing the company to maintain full exposure to gold price fluctuations.
Managing Director Nic Earner emphasised that the company remains in a robust position, entering the 2026 calendar year with $232 million in cash and bullion as of December 2025.
The three-year agreement includes options for two one-year extensions and is secured against Alkane’s Australian assets.
At the time of reporting, Alkane Resources' share price was $1.35.