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The latest announcement is out from Alkane Resources Ltd ( (AU:ALK) ).
Alkane Resources Ltd has announced an update on its production guidance for FY2026 and the annual resources and reserves statement following its merger with Mandalay Resources Corporation. The company plans to release the production guidance in September and is working on converting mineral resource estimates to comply with the JORC Code. Additionally, Alkane retracted previous mine life information for its Costerfield and Björkdal projects, advising investors not to rely on these estimates for investment decisions.
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 involved in the exploration and development of mineral resources. The company focuses on gold and antimony production, with key projects including Costerfield and Björkdal. It operates in the mining industry and is listed on multiple stock exchanges, including ASX, TSX, and OTCQX.
YTD Price Performance: 72.55%
Average Trading Volume: 2,393,368
Technical Sentiment Signal: Buy
Current Market Cap: A$1.2B
Learn more about ALK stock on TipRanks’ Stock Analysis page.