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The latest announcement is out from Alkane Resources Ltd ( (AU:ALK) ).
Alkane Resources Ltd’s Managing Director & CEO, Nic Earner, is presenting at the Diggers & Dealers Mining Forum to update on the company’s activities and the completion of its plan of arrangement with Mandalay Resources Corporation. This strategic move is expected to enhance Alkane’s growth prospects and strengthen its position in the gold and antimony markets, benefiting stakeholders by expanding its operational footprint and resource capabilities.
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 an Australia-based company specializing in gold and antimony production, with operations in Australia and Sweden. The company operates three mines: 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 Project, a significant gold-copper porphyry project, and is actively engaged in exploration to expand its resource base.
Average Trading Volume: 1,934,707
Technical Sentiment Signal: Buy
Current Market Cap: A$423.9M
Learn more about ALK stock on TipRanks’ Stock Analysis page.