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Alkane Resources Ltd ( (AU:ALK) ) has shared an announcement.
Alkane Resources Ltd reported a significant increase in its financial performance for the half-year ending December 2024, with a 36% rise in revenue to A$121.5 million and a 6% increase in profit after tax to A$13.1 million. This growth was driven by higher gold sale prices and increased production at the Tomingley site, highlighting the company’s robust position in the gold market. The company’s cash, bullion, and listed investments totaled A$42.4 million, demonstrating strong financial health and operational efficiency.
More about Alkane Resources Ltd
Alkane Resources Ltd is a company operating primarily in the gold mining industry. The company focuses on the production and sale of gold, with operations centered around its Tomingley site.
YTD Price Performance: 12.65%
Average Trading Volume: 17,934
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $245.8M
See more data about ALK stock on TipRanks’ Stock Analysis page.