Alkane Resources Posts Record Half-Year Results on Expanded Gold and Antimony Output

An update from Alkane Resources Ltd ( (AU:ALK) ) is now available.

Alkane Resources reported record operating and financial performance for the first half of FY2026, driven by strong gold and antimony prices and increased production from its expanded three-mine portfolio. Gold equivalent sales of 74,094 ounces generated revenue of $404 million, with record half-year production of 72,732 ounces of gold and 391 tonnes of antimony putting the company on track to meet its full-year guidance.

The miner delivered adjusted EBITDA of $185 million, operating cash flow of $154 million, and net profit of $65 million, while ending the period with a robust $246 million in cash, bullion and listed investments. Management highlighted that record quarterly revenues of $256.7 million, supported by lower operating costs and the inclusion of Costerfield and Björkdal, have strengthened Alkane’s balance sheet and provided financial flexibility to pursue its growth plans into the second half of the year.

The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.

More about Alkane Resources Ltd

Alkane Resources Ltd is an Australian-based mining company focused on gold and antimony production, operating a three-mine portfolio that now includes the Costerfield and Björkdal operations acquired through the Mandalay merger. The company targets precious and specialty metal markets, leveraging high commodity prices and expanded scale to strengthen its position in the global gold and antimony sector.

Average Trading Volume: 7,232,375

Technical Sentiment Signal: Buy

Current Market Cap: A$2.09B

For a thorough assessment of ALK stock, go to TipRanks’ Stock Analysis page.