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Alkane Resources Ltd ( (AU:ALK) ) has provided an announcement.
Alkane Resources Ltd reported a profit after tax of A$33 million for the fiscal year 2025, driven by increased gold production and higher ore grades from its Roswell underground deposit. The company’s financial position remains strong with A$60.3 million in cash, bullion, and investments. The recent merger with Mandalay Resources Corporation positions Alkane for growth in the upcoming financial year, enhancing its production capabilities and market presence.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.15 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 Australia-based producer of gold and antimony with a portfolio of three operating mines located in Australia and Sweden. The company’s assets include the Tomingley gold mine in New South Wales, the Costerfield gold and antimony mine in Victoria, and the Björkdal gold mine in Sweden. Alkane also owns the Boda-Kaiser gold-copper project and is engaged in ongoing exploration activities to expand its resources.
Average Trading Volume: 2,570,391
Technical Sentiment Signal: Buy
Current Market Cap: A$1.27B
For detailed information about ALK stock, go to TipRanks’ Stock Analysis page.