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The latest announcement is out from Alkane Resources Ltd ( (AU:ALK) ).
Alkane Resources Ltd has announced its financial year 2026 guidance following a merger with Mandalay Resources Corporation. The company projects gold equivalent production to rise to 160,000-175,000 ounces, with an all-in sustaining cost of A$2,600-A$2,900 per ounce. This guidance reflects the strength of its expanded operations and a disciplined approach to costs, while investing in capital and exploration to drive organic growth. The merger positions Alkane for significant year-over-year growth, enhancing its market positioning and potential returns for stakeholders.
The most recent analyst rating on (AU:ALK) stock is a Hold with a A$1.00 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 a mining company operating in the gold and antimony sectors, with a focus on production and exploration activities. The company operates three mines: Tomingley and Costerfield in Australia, and Björkdal in Sweden, and is committed to sustainable growth and delivering shareholder value.
Average Trading Volume: 3,782,087
Technical Sentiment Signal: Buy
Current Market Cap: A$1.53B
For an in-depth examination of ALK stock, go to TipRanks’ Overview page.