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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 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 205.43M | 172.99M | 190.53M | 165.01M | 127.83M | 72.55M |
| Gross Profit | 35.69M | 34.45M | 71.22M | 62.65M | 61.34M | 39.68M |
| EBITDA | 67.02M | 62.93M | 97.75M | 137.32M | 71.12M | 29.54M |
| Net Income | 18.41M | 17.68M | 42.45M | 70.25M | 55.70M | 12.76M |
Balance Sheet | ||||||
| Total Assets | 488.36M | 464.70M | 425.77M | 367.85M | 236.22M | 327.71M |
| Cash, Cash Equivalents and Short-Term Investments | 34.99M | 45.52M | 80.29M | 77.89M | 18.99M | 48.34M |
| Total Debt | 62.67M | 49.02M | 13.55M | 15.05M | 9.22M | 6.61M |
| Total Liabilities | 167.91M | 155.32M | 125.78M | 98.98M | 44.65M | 60.33M |
| Stockholders Equity | 320.45M | 309.37M | 300.00M | 268.87M | 191.56M | 267.39M |
Cash Flow | ||||||
| Free Cash Flow | -45.26M | -82.59M | 3.75M | 2.96M | -15.00M | -38.17M |
| Operating Cash Flow | 51.50M | 52.90M | 95.55M | 86.48M | 71.12M | 28.54M |
| Investing Cash Flow | -125.66M | -123.52M | -91.43M | -33.24M | -102.73M | -77.30M |
| Financing Cash Flow | 51.85M | 35.84M | -1.72M | 5.67M | 2.26M | 46.06M |
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 |
|---|---|---|---|---|---|---|---|
60 Neutral | $417.82M | 22.62 | 5.86% | ― | 10.37% | -39.24% | |
44 Neutral | C$982.42M | -6.71 | -13.24% | 2.54% | 17.20% | -32.72% | |
| $407.29M | 2.50 | 140.63% | ― | ― | ― | ||
| $205.05M | ― | -15.72% | ― | ― | ― | ||
| €234.48M | ― | -7.25% | ― | ― | ― | ||
| €288.28M | ― | -40.25% | ― | ― | ― | ||
44 Neutral | AU$576.65M | ― | -7.78% | ― | ― | -875.00% |
Alkane Resources Ltd Corporate Events
Alkane Resources Ltd has announced a change in the director’s interest, with Gavin Murray Smith acquiring an additional 68,493 ordinary fully paid shares in the company, bringing his total direct holding to 228,243 shares. This acquisition, made through an on-market purchase valued at $50,054.89, reflects a strategic move that could potentially impact the company’s market positioning and stakeholder interests by increasing the director’s stake in the company.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.12 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 involved in a plan of arrangement to acquire all issued and outstanding shares of Mandalay Resources Corporation through its wholly-owned subsidiary, 1536968 B.C. Ltd. This acquisition will result in Mandalay becoming an indirect wholly-owned subsidiary of Alkane, with Alkane’s shares expected to be listed on the Toronto Stock Exchange. The board of Mandalay has unanimously recommended shareholders vote in favor of this arrangement, which is anticipated to complete in the third quarter of 2025, subject to regulatory approvals and shareholder consent.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.12 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 planned merger with Mandalay Resources Corporation, which aims to create a diversified gold and antimony producer with a strong balance sheet and three operating mines. The merger, subject to shareholder and regulatory approvals, is expected to enhance Alkane’s market profile and trading liquidity, with completion anticipated in early August 2025. The merger has garnered strong investor interest, with extensive joint marketing efforts by the leadership of both companies.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.12 price target. To see the full list of analyst forecasts on Alkane Resources Ltd stock, see the AU:ALK Stock Forecast page.
Alkane Resources Limited has announced an update regarding its proposed issue of securities, with key dates set for its General Meeting and Mandalay Resources Corporation’s Special Meeting on July 28, 2025. The company has also received approval from the Swedish Inspectorate of Strategic Products, which may have implications for its operations and stakeholder interests.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.12 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 General Meeting scheduled for July 28, 2025, at Quest Kings Park in West Perth. Shareholders are encouraged to participate either in person or by proxy vote, with all resolutions to be conducted by poll. The company emphasizes its commitment to reducing environmental impact by urging shareholders to opt for electronic communications, aligning with its sustainability goals.
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 received Swedish regulatory approval for its proposed merger with Mandalay Resources Corporation, a move that will create a diversified Australian-centric gold and antimony producer. The merger is expected to enhance Alkane’s industry positioning by combining resources and expanding its portfolio to include three operating mines, although it still requires further approvals from various stakeholders.
The most recent analyst rating on (AU:ALK) stock is a Buy with a A$1.12 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 proposed issue of up to 768,031,285 fully paid ordinary securities. This move is part of a placement or other type of issue, with the proposed issue date set for July 18, 2025. This issuance could potentially impact the company’s capital structure and market positioning, offering opportunities for growth and expansion in its mining operations.
Alkane Resources Ltd has entered into an arrangement agreement with 1536968 B.C. Ltd. and Mandalay Resources Corporation, dated April 27, 2025. This agreement outlines the terms and conditions under which the companies will proceed with their arrangement, including meetings, court proceedings, and the payment of consideration. The announcement is significant for Alkane Resources as it may impact its operational strategies and market positioning, potentially affecting stakeholders involved.
Alkane Resources Ltd has announced a merger with Mandalay Resources Inc., creating a combined entity aimed at expanding their production capabilities in gold and antimony. This merger is expected to enhance the scale of operations and provide benefits to all shareholders, positioning the merged company for growth in the competitive mining sector.
Alkane Resources Ltd and Mandalay Resources Corporation have announced a merger of equals, creating a diversified gold and antimony producer with three cash-generating mines. The merger is expected to enhance growth prospects, increase production to over 180,000 ounces by 2026, and improve trading liquidity, potentially leading to a valuation re-rate. The combined company will have a strong balance sheet with significant cash reserves and will be led by Alkane’s Managing Director, Nic Earner. This merger positions the company as a significant player in the mining industry, benefiting shareholders with a projected market capitalization of approximately A$1,013 million.
Alkane Resources Ltd announced a correction to a previously reported Change of Directors Interest Notice due to a minor mathematical error in the calculation of long-term performance rights (FY25 LTIs) issued to directors. The error, caused by a spreadsheet rounding issue, affected the Volume Weighted Average Price (VWAP) calculation, leading to a slight adjustment in the number of performance rights allocated to directors David Ian Chalmers and Nicholas Earner. This correction ensures accurate reporting and compliance with ASX listing rules, maintaining transparency and trust with stakeholders.
Alkane Resources Ltd has announced significant results from its underground expansion and pre-mine grade control drilling at the Tomingley Gold Operations. The drilling at Caloma and Roswell deposits has revealed high-grade gold intercepts, indicating substantial resource expansion potential. These results will be evaluated for economic recovery potential and may lead to further drilling to include new lodes into reserves. This development underscores the ongoing potential for resource growth and high-grade mineralization at Tomingley, which is crucial for the company’s future mining plans.