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Alkane Resources Ltd
(Sydney:ALK)
Alkane Resources Ltd (ALK) vs. iShares MSCI Australia ETF (EWA)
Alkane Resources Ltd Business Overview & Revenue Model
Alkane Resources Ltd Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 262.36M | 262.36M | 172.99M | 190.53M | 165.01M | 127.83M |
| Gross Profit | 53.77M | 51.59M | 29.85M | 71.22M | 57.30M | 57.37M |
| EBITDA | 101.34M | 103.03M | 62.93M | 97.75M | 137.32M | 71.12M |
| Net Income | 33.04M | 33.04M | 17.68M | 42.45M | 70.25M | 55.70M |
Balance Sheet | ||||||
| Total Assets | 543.29M | 543.29M | 464.70M | 425.77M | 367.85M | 236.22M |
| Cash, Cash Equivalents and Short-Term Investments | 48.09M | 48.09M | 45.52M | 80.29M | 77.89M | 18.99M |
| Total Debt | 59.32M | 59.32M | 49.02M | 13.55M | 15.05M | 9.22M |
| Total Liabilities | 197.60M | 197.60M | 155.32M | 112.19M | 86.81M | 44.65M |
| Stockholders Equity | 345.69M | 345.69M | 309.37M | 300.00M | 268.87M | 191.56M |
Cash Flow | ||||||
| Free Cash Flow | 11.07M | 13.93M | -82.59M | 3.75M | 2.96M | -15.00M |
| Operating Cash Flow | 71.98M | 71.98M | 52.90M | 95.55M | 86.48M | 71.12M |
| Investing Cash Flow | -78.66M | -78.66M | -123.52M | -91.43M | -33.24M | -102.73M |
| Financing Cash Flow | 9.25M | 9.25M | 35.84M | -1.72M | 5.67M | 2.26M |
Alkane Resources Ltd Technical Analysis
Alkane Resources Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $979.46M | 33.86 | 10.01% | ― | 153.02% | -85.25% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | $1.46B | 19.14 | 9.84% | ― | 51.66% | 86.35% | |
53 Neutral | $671.44M | ― | -15.01% | ― | -3.61% | -49.39% | |
48 Neutral | €643.31M | ― | -4.97% | ― | ― | 16.67% | |
45 Neutral | AU$900.05M | ― | -13.44% | ― | ― | -267.46% |
Alkane Resources Ltd Corporate Events
Alkane Resources Ltd has released its FY25 statement on the mineral resources and ore reserves for the Björkdal Mine and associated projects in Sweden. As of June 30, 2025, the estimated mineral resources total approximately 1.97 million ounces of gold, with 71% classified as measured and indicated. The report highlights the company’s governance and internal controls in resource estimation, ensuring compliance with the JORC Code 2012. The announcement underscores Alkane’s commitment to transparency and operational excellence, potentially strengthening its position in the mining industry and providing assurance to stakeholders.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.45 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd has announced its first JORC-compliant reporting of Mineral Resources and Ore Reserves for the Costerfield Property as of June 30, 2025. This includes significant resources and reserves, with a demonstrated mine life extending to 2030, bolstered by the recent discovery of the True Blue Deposit. The announcement underscores Alkane’s commitment to maintaining robust governance and internal controls over its resource estimates, potentially enhancing its market position and offering positive implications for stakeholders.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.45 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd has reported its Mineral Resources and Ore Reserves for the Tomingley Gold Project and the Boda-Kaiser Deposits as of June 30, 2025. The Tomingley Gold Operations continue with significant drilling programs and updated mining schedules, while the Boda-Kaiser Project maintains its resource estimates. These developments are expected to enhance Alkane’s operational capabilities and strengthen its position in the mining industry.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.45 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd has updated its Mineral Resources and Ore Reserves estimates for its Australian and Swedish assets, complying with the JORC Code. The company reports a consolidated resource and reserves base across its three operating mines and the Boda-Kaiser Project, indicating robust business strength and long-term growth potential. This update underscores Alkane’s commitment to substantial capital expenditure, particularly at the Costerfield site, to enhance its resource base and maintain its industry positioning.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.45 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd announced the cessation of Dominic Francis Duffy as a director, effective October 14, 2025. This change in the board of directors may influence the company’s strategic direction and stakeholder confidence, as leadership transitions often impact operational and market strategies.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.45 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd announced the resignation of Non-Executive Director Dominic Duffy, who is leaving to pursue other opportunities. The company’s board is currently evaluating its composition and potential future appointments. This change in leadership comes as Alkane continues to focus on its growth strategy, leveraging its strong balance sheet and expanding its exploration activities to enhance its position in the gold, copper, and antimony markets.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.45 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd reported a quarterly production of 36,407 ounces of gold equivalent for the period from July to September 2025. The company successfully completed a merger with Mandalay Resources, resulting in a consolidated production of 35,527 ounces of gold and 198 tonnes of antimony. Despite incurring one-off transaction costs and repaying a debt facility, Alkane maintains a strong financial position with A$191 million in cash, bullion, and investments. The company’s production guidance for FY2026 remains unchanged, indicating stable operations and potential growth opportunities.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd has announced a change in the director’s interest, with Ian Jeffrey Gandel disposing of a significant number of shares through an on-market trade. This adjustment in shareholding may impact the company’s stock dynamics and investor perceptions, as it reflects a strategic decision by a key stakeholder.
The most recent analyst rating on (AU:ALK) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd has announced its annual general meeting will be held on November 26, 2025, where the re-election and appointment of directors will be a key agenda item. The company has set October 8, 2025, as the deadline for director nominations, indicating a structured approach to governance and potential strategic shifts in leadership. This announcement could impact the company’s operational strategies and stakeholder interests, reflecting its commitment to maintaining robust corporate governance practices.
The most recent analyst rating on (AU:ALK) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd announced that its Managing Director & CEO, Nic Earner, will present at the Precious Metals Summit and the Mining Forum Americas in Colorado. These presentations are part of Alkane’s strategy to engage with investors and stakeholders, highlighting its strong financial position and growth potential in the gold, copper, and antimony sectors. The company’s participation in these events underscores its commitment to expanding its market presence and enhancing its reputation in the mining industry.
The most recent analyst rating on (AU:ALK) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Mandalay Resources Corporation has released a NI 43-101 Technical Report for the Björkdal Gold Mine in Sweden, prepared by SLR Consulting (Canada) Ltd. This report, with an effective date of December 31, 2024, provides detailed insights into the operations and potential of the Björkdal Gold Mine, which could impact the company’s strategic positioning and stakeholder interests.
The most recent analyst rating on (AU:ALK) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Mandalay Resources Corporation has released a technical report for its Costerfield Operation in Victoria, Australia. The report, prepared by SRK Consulting, outlines the mineral resource estimation and other technical details relevant to the operation as of December 31, 2024. This report is crucial for stakeholders as it provides insights into the future potential and operational efficiency of the Costerfield site, which could impact the company’s strategic decisions and market positioning.
The most recent analyst rating on (AU:ALK) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd has released technical reports for its Costerfield and Björkdal operations, originally prepared by Mandalay Resources Corporation under Canadian NI 43-101 standards. These reports are classified as ‘foreign estimates’ under ASX rules, and Alkane has begun the process of converting them to JORC Code-compliant estimates. The company aims to increase its gold production and diversify its sources, aligning with its strategy to become a leading mid-tier gold producer.
The most recent analyst rating on (AU:ALK) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd has announced its financial year 2026 guidance following a merger with Mandalay Resources Corporation. The company projects gold equivalent production to rise to 160,000-175,000 ounces, with an all-in sustaining cost of A$2,600-A$2,900 per ounce. This guidance reflects the strength of its expanded operations and a disciplined approach to costs, while investing in capital and exploration to drive organic growth. The merger positions Alkane for significant year-over-year growth, enhancing its market positioning and potential returns for stakeholders.
The most recent analyst rating on (AU:ALK) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd announced a change in the director’s interest, specifically for Nicholas Paul Earner, involving the vesting of 132,007 short-term incentive performance rights and the lapse of 1,088,497 long-term incentive performance rights from FY2023. This change reflects the company’s ongoing management of executive compensation and incentives, potentially impacting stakeholder perceptions and the company’s strategic alignment with its performance goals.
The most recent analyst rating on (AU:ALK) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd has announced the cessation of certain securities due to unmet conditions. Specifically, 10,520 performance rights for FY2024 and 2,675,620 performance rights for FY2023 have lapsed as the conditions for these securities were not satisfied, impacting the company’s issued capital structure.
The most recent analyst rating on (AU:ALK) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd has announced the application for quotation of 917,304 fully paid ordinary securities on the Australian Securities Exchange, effective from September 8, 2025. This move is part of the company’s ongoing efforts to enhance its capital structure, potentially impacting its market position and providing stakeholders with increased investment opportunities.
The most recent analyst rating on (AU:ALK) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Ltd is an Australian mining company primarily engaged in gold production and exploration, with notable operations at the Tomingley Gold Operations in New South Wales. The company also focuses on strategic investments in gold exploration companies and has recently merged with Mandalay Resources to enhance its production capabilities.
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.
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.
Alkane Resources Ltd has announced the full repayment of a A$45 million debt facility used for the expansion of its Tomingley Gold Operations. This repayment, made from the company’s cash reserves, leaves Alkane substantially debt-free, enhancing its financial flexibility and positioning it for strategic growth opportunities. The move underscores the company’s strong balance sheet and its ability to pursue both organic and external growth, benefiting stakeholders and reinforcing its industry positioning.
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.
Alkane Resources Ltd has announced significant exploration results from its Tomingley Gold Project, highlighting promising gold mineralization at the El Paso prospect and other areas within the region. The exploration efforts, which include diamond core, RC, and air-core drilling, aim to extend the mine life and enhance the resource base of the Tomingley Gold Operations. The company’s ongoing and planned drilling programs, including a high-resolution drone magnetic survey, are expected to further delineate fertile structures and identify new prospective areas, potentially impacting Alkane’s operational scale and resource inventory positively.
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.
Alkane Resources Ltd has announced a notice of an initial substantial holder, indicating a significant change in its shareholder structure. This development could impact the company’s market positioning and influence stakeholder interests, as it reflects a shift in ownership that may affect future strategic 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.
Alkane Resources Ltd has commenced trading on the Toronto Stock Exchange following its merger with Mandalay Resources Corporation. This strategic move enhances Alkane’s market presence and positions it for growth by expanding its operational footprint and investor base, particularly in North America.
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.
Alkane Resources Ltd has announced that Chapelgreen Pty Ltd and associated entities have ceased to be substantial holders in the company as of August 5, 2025. This change in substantial holding is due to a dilution effect following Alkane’s merger with Mandalay Resources Corporation, which increased the total number of ordinary shares on issue. This development may impact the company’s shareholder structure and could influence its market positioning and stakeholder interests.
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.
Alkane Resources Ltd announced the cessation of Anthony Dean Lethlean as a director, effective August 5, 2025. Lethlean held a substantial number of shares directly and indirectly, which could influence the company’s shareholder structure and governance. This change in directorship may impact the company’s strategic direction and stakeholder relations.
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.
Alkane Resources Ltd announced the cessation of David Ian Chalmers as a director, effective August 5, 2025. The notice details Chalmers’ interests in various securities, including fully paid ordinary shares and performance rights, held directly and through associated entities. This change in directorship may impact the company’s strategic direction and stakeholder relations, given Chalmers’ substantial holdings and influence.
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.
Alkane Resources Ltd has announced the appointment of Dominic Francis Duffy as a director, effective from August 5, 2025. Duffy holds 8,434,896 fully paid ordinary shares in the company, indicating a significant personal investment and interest in the company’s future. This appointment may strengthen Alkane’s leadership team and potentially influence its strategic direction, impacting stakeholders and the company’s position in the mining industry.
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.
Alkane Resources Ltd has announced the appointment of Bradford Allan Mills as a director, effective August 5, 2025. Mills holds significant interests in the company, with 1,608,074 fully paid ordinary shares as a registered holder and an additional 179,835,831 shares through CE Mining III MND Limited, advised by Plinian Capital Limited, which he controls. This appointment and the associated shareholdings could influence the company’s strategic direction and investor confidence.
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.
Alkane Resources Ltd has announced the appointment of Frazer William Bourchier as a new director, effective from August 5, 2025. This appointment, along with Bourchier’s substantial interest in the company through 3,840,928 fully paid ordinary shares, is expected to influence the company’s strategic direction and potentially impact its market positioning and stakeholder interests.
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.
Alkane Resources Ltd has announced the appointment of Andrew James Quinn as a new director, effective from August 5, 2025. Mr. Quinn holds 500,000 fully paid ordinary shares beneficially through BNP Paribas Nominees Pty Limited. This appointment is part of the company’s strategic efforts to strengthen its leadership team, potentially impacting its operational strategies and stakeholder interests.
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.
Alkane Resources Ltd has announced a change in the director’s interest in securities, specifically involving Gavin Murray Smith. On July 31, 2025, Mr. Smith acquired 4,137 ordinary fully paid shares of ALK through an on-market purchase, valued at $2,994.30. This acquisition reflects a strategic move in the director’s investment portfolio, potentially indicating confidence in the company’s future performance. The change does not involve any disposal of shares, suggesting a positive outlook on the company’s stock value.
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.
Alkane Resources Ltd has announced a change in the director’s interest, with Nicholas Paul Earner acquiring 69,445 ordinary fully paid shares through an on-market purchase. This acquisition reflects a strategic move by the director, potentially indicating confidence in the company’s future performance and aligning with long-term incentive plans.
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.
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.
Alkane Resources Ltd has announced the quotation of 759,335,771 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a previously announced transaction, potentially impacting the company’s market presence and offering stakeholders an opportunity to engage with its securities.
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.
Alkane Resources Ltd and Mandalay Resources Corporation have successfully closed their merger, resulting in a dual-listed gold and antimony producer on both the ASX and TSX. This merger is expected to enhance corporate scale, trading liquidity, and shareholder value, with a strengthened platform for sustainable growth. The combined company, retaining the Alkane name, aims to increase production to over 180,000 AuEq ounces by 2026 and is strategically positioned for a market re-rating, supported by a pro forma cash position of A$218 million.
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.
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.
Alkane Resources Ltd announced that all resolutions at its General Meeting of Shareholders were passed, including those related to its merger with Mandalay Resources Corporation. This merger is expected to enhance Alkane’s production capabilities in gold and antimony, positioning the company for growth in the mining sector. The successful passing of resolutions reflects strong shareholder support, and the merger is anticipated to be finalized following further approvals in Canada.
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.
Alkane Resources Ltd has announced a change in its share registry management, transferring from Automic Registry Services to Computershare Investor Services Pty Limited, effective from August 4, 2025. This transition aims to enhance shareholder experience by providing a more efficient and accessible online platform for managing holdings through Computershare’s Investor Centre, ensuring seamless access to shareholder information and services.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$0.97 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.