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Alkane Resources Ltd ( (AU:ALK) ) has issued an update.
Alkane Resources Ltd reported solid performance for the quarter ending June 2025, with gold production at Tomingley Gold Operations reaching 19,193 ounces and maintaining production and cost guidance for FY2025. The company is nearing completion of a merger with Mandalay Resources, which will create a larger gold and antimony business, enhancing its scale, financial strength, and growth opportunities. The merger is expected to be finalized by early August 2025, and the combined entity will release its FY2026 guidance in the September quarter.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.04 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 primarily focused on gold production, with operations centered around the Tomingley Gold Operations in Central Western New South Wales, Australia. The company has been operating since 2014 and engages in underground mining across several gold deposits.
Average Trading Volume: 1,908,042
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$436M
Learn more about ALK stock on TipRanks’ Stock Analysis page.