Want to see AU:ALK full AI Analyst Report?
Top Page
Alkane Resources Ltd
(OTC:ALK)
Select Model
Select Model
Rating:62Neutral
Price Target:
AU$1.50
▲(12.78% Upside)
Action:Downgraded
Date:06/13/26
The score is driven primarily by solid financial performance (strong revenue growth and low leverage) but is held back by cash flow deterioration and margin pressure. Technically, the stock shows weak momentum (below key moving averages with negative MACD), and valuation appears somewhat high at a ~26 P/E without a stated dividend yield.
Positive Factors
Revenue growth
Sustained top-line growth indicates rising production or higher realized gold sales from Tomingley. Over 2–6 months this underpins capacity to fund operations and reinvest, reducing near-term financing strain and supporting strategic optionality for longer-life projects.
Negative Factors
Free cash flow deterioration
A sharp fall in free cash flow limits the company’s ability to self-fund sustaining capital, exploration and development. Persistent weak FCF increases reliance on external financing for growth projects and raises vulnerability to funding squeezes during commodity downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth
Sustained top-line growth indicates rising production or higher realized gold sales from Tomingley. Over 2–6 months this underpins capacity to fund operations and reinvest, reducing near-term financing strain and supporting strategic optionality for longer-life projects.
Read all positive factors
Alkane Resources Ltd (ALK) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.82B
Dividend YieldN/A
Average Volume (3M)4.41M
Price to Earnings (P/E)15.5
Beta (1Y)1.78
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees105
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.09
Shares Outstanding1,366,204,800
10 Day Avg. Volume3,460,857
30 Day Avg. Volume4,407,874
Financial Highlights & Ratios
PEG Ratio0.15
Price to Book (P/B)1.25
Price to Sales (P/S)1.65
P/FCF Ratio31.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.90Price Target Upside42.57% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.21
Revenue Forecast (FY)AU$1.01B
Alkane Resources Ltd Business Overview & Revenue Model
Company Description
Alkane Resources Limited is an Australian firm primarily focused on the extraction and production of gold. Beyond its operational activities, the company actively conducts exploration for a range of mineral deposits, including gold, copper, nickel...
How the Company Makes Money
Alkane makes money primarily by producing and selling gold from its operating mine, Tomingley Gold Operations. Revenue is generated from the sale of gold (typically as doré or refined product sold into bullion markets via offtake/refining arrangem...
Alkane Resources Ltd Earnings Call Summary
Earnings Call Date:Feb 12, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 12, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and financial momentum: record quarter production, record revenue and EBITDA, robust operating cash flow and a very strong liquidity position. Management reiterated full-year guidance and highlighted meaningful exploration success and targeted growth investments (Tomingley infrastructure, near-mine drilling and Boda-Kaiser work). Lowlights were largely execution- and timing-related (short-term operational issues at Tomingley, Bjorkdal throughput constraints, a delayed shipment that impacted quarter cash timing), plus significant near-term capital and exploration commitments and some elevated corporate/outlay items. On balance, the positives (record results, cash generation, high realized prices, exploration upside and conservative balance sheet) materially outweigh the controllable short-term issues and planned capital intensity.Positive Updates
Record Production and On-Track Guidance
Q2 FY2026 produced ~43,600 gold equivalent ounces (nearly 44,000 GEO); first half produced just over 74,000 GEO. Management reiterated full-year group guidance of 160,000–175,000 GEO (100% basis) and remains on track to meet it.
Negative Updates
Short-Term Operational Disruptions at Tomingley
Tomingley experienced shockcrete downtime (delaying paste fill), lower development rates and redesign of some stopes during Q2. Management described these as ordinary-course, rapidly resolved disruptions, but they contributed to some near-term operational variability.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Production and On-Track Guidance
Q2 FY2026 produced ~43,600 gold equivalent ounces (nearly 44,000 GEO); first half produced just over 74,000 GEO. Management reiterated full-year group guidance of 160,000–175,000 GEO (100% basis) and remains on track to meet it.
Read all positive updates
Company Guidance
Alkane reiterated full‑year group production guidance of 160,000–175,000 gold‑equivalent ounces (155,000–168,000 GEO excluding the July Mandalay contribution), consolidated all‑in‑sustaining costs of AUD 2,600–2,900/oz (≈USD 1,690–1,885/oz), and a planned growth‑capex plus exploration program of roughly AUD 78–88 million; management expects to continue incremental throughput gains at Tomingley (current milling ≈1.3 Mtpa with a line‑of‑sight to ~1.4 Mtpa; a major expansion was estimated at ~AUD 45m for ~450 ktpa and is not yet committed), will deliver into the hedge book per schedule, and intends to fund growth opportunistically from strong liquidity (cash/bullion/investments ~AUD 246m; quarter‑end cash ~AUD 218m) and robust Q2 cash generation (Q2 operating cash flow AUD 133m; Q2 EBITDA AUD 147.2m).Alkane Resources Ltd Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 544.81M | 262.36M | 172.99M | 190.53M | 165.01M | 127.83M |
| Gross Profit | 151.64M | 51.59M | 29.85M | 71.22M | 57.30M | 57.37M |
| EBITDA | 245.97M | 103.03M | 62.93M | 97.75M | 137.32M | 71.12M |
| Net Income | 84.78M | 33.04M | 17.68M | 42.45M | 70.25M | 55.70M |
Balance Sheet | ||||||
| Total Assets | 1.36B | 543.29M | 464.70M | 425.77M | 367.85M | 236.22M |
| Cash, Cash Equivalents and Short-Term Investments | 218.19M | 48.09M | 45.52M | 80.29M | 77.89M | 18.99M |
| Total Debt | 26.10M | 59.32M | 49.02M | 13.55M | 15.05M | 9.22M |
| Total Liabilities | 382.43M | 197.60M | 155.32M | 112.19M | 86.81M | 44.65M |
| Stockholders Equity | 982.56M | 345.69M | 309.37M | 300.00M | 268.87M | 191.56M |
Cash Flow | ||||||
| Free Cash Flow | 137.63M | 13.93M | -82.59M | 3.75M | 2.96M | -15.00M |
| Operating Cash Flow | 196.06M | 71.98M | 52.90M | 95.55M | 86.48M | 71.12M |
| Investing Cash Flow | 40.80M | -78.66M | -123.52M | -91.43M | -33.24M | -102.73M |
| Financing Cash Flow | -49.85M | 9.25M | 35.84M | -1.72M | 5.67M | 2.26M |
Alkane Resources Ltd Technical Analysis
Positive
1.33
Price Trends
1.43
Negative
1.50
Negative
1.41
Positive
Market Momentum
-0.02
Negative
53.76
Neutral
42.10
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ALK, the sentiment is Positive. The current price of 1.33 is below the 20-day moving average (MA) of 1.36, below the 50-day MA of 1.43, and below the 200-day MA of 1.41, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 53.76 is Neutral, neither overbought nor oversold. The STOCH value of 42.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ALK.
Alkane Resources Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$2.19B | 9.16 | 68.49% | ― | 82.10% | 237.67% | |
67 Neutral | AU$1.99B | 12.30 | 17.01% | ― | 10.67% | ― | |
62 Neutral | AU$1.82B | 15.47 | 12.77% | ― | ― | ― | |
62 Neutral | AU$1.41B | 11.02 | 22.55% | ― | -0.53% | 48.19% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | AU$795.03M | 7.56 | 19.74% | ― | 53.05% | ― | |
45 Neutral | AU$1.88B | -29.51 | -6.70% | ― | 17.08% | -158.79% |
* Basic Materials Sector Average
AU:ALK
Alkane Resources Ltd
1.47
0.64
76.51%
AU:RSG
Resolute Mining
1.02
0.37
55.73%
AU:CYL
Catalyst Metals Limited
6.30
-0.10
-1.56%
AU:OBM
Ora Banda Mining
1.32
0.63
93.38%
AU:PNR
Pantoro Gold Limited
2.43
-1.63
-40.15%
AU:BGL
Bellevue Gold Limited
1.46
0.57
63.48%
Alkane Resources Ltd Corporate Events
Alkane boosts Storheden gold resource and outlines growth plans at Björkdal
Jul 28, 2026
Alkane Resources has significantly expanded the Mineral Resource at the Storheden deposit, located about 700 metres north of its Björkdal mine in northern Sweden, following a 16-hole diamond drilling program completed in early 2026. The new m...
Alkane Resources to Highlight Growth Portfolio at Noosa Mining Investor Conference
Jul 22, 2026
Alkane Resources has announced that Managing Director and CEO Nic Earner will present at the Noosa Mining Investor Conference on 23 July 2026, with the session available to both in-person attendees and online participants via a free livestream, su...
Alkane Resources Frames FY 2026 Results Within Strict Disclosure and Technical Reporting Standards
Jul 21, 2026
Alkane Resources has released a Q4 and full-year 2026 earnings conference call presentation that primarily serves as a detailed disclaimer and contextual framework for its financial and technical disclosures. The document reiterates that the mater...
Alkane Resources Posts Record Cashflow, Proposes Maiden Dividend as ASX 200 Entry Nears
Jul 21, 2026
Alkane Resources reported FY26 gold-equivalent production of 168,337 ounces at all-in sustaining costs in the upper A$2,000s per ounce, with Q4 output of 42,491 ounces driving site operating cash flow of A$174 million. Strong production and pricin...
Alkane Touts High-Grade Gold-Antimony Results at Brunswick South
Jul 13, 2026
Alkane Resources has reported strong exploration results from extension and infill drilling at the Brunswick South deposit, located near existing underground access at its Costerfield Operation in Victoria. The company has drilled 91 additional ho...
Alkane’s Björkdal drilling extends high-grade gold mineralisation at depth
Jul 8, 2026
Alkane Resources has reported further positive near-mine exploration results from extension and infill drilling at its Björkdal Gold Mine in northern Sweden. An additional 29 drill holes targeting eastern and northern extensions have improved...
Alkane Resources Delivers Top-End FY2026 Output and Bolsters Cash Pile
Jul 7, 2026
Alkane Resources reported quarterly production of 42,491 ounces of gold equivalent and full-year output of 168,337 ounces, landing in the top half of its FY2026 guidance range. The three operating mines together produced 40,949 ounces of gold and ...
Alkane boosts geological confidence with new True Blue drilling results
Jul 5, 2026
Alkane Resources has reported new drilling results from the True Blue deposit, about 2 km west of its active Costerfield underground mine in central Victoria. An additional 33 holes targeting the Freeman veining have improved geological understand...
Alkane flags new targets as Boda-Kaiser exploration expands scale potential
Jun 10, 2026
Alkane Resources has reported new exploration results from drilling around the Boda-Kaiser resources at its Northern Molong Porphyry Project in New South Wales, including mineralised intervals between the two deposits and in district-scale targets...
Alkane begins diamond drilling to expand Nagambie’s antimony-gold resource
Jun 3, 2026
Nagambie Resources has confirmed that Mandalay Resources Costerfield Operations, a wholly owned subsidiary of Alkane Resources, has commenced diamond drilling at the antimony-gold discovery within the Nagambie Mine. The work is being carried out u...
Alkane Resources Schedules Q3 FY2026 Results Webcast to Update Investors
May 4, 2026
Alkane Resources will release its Q3 FY2026 operating and financial results on 15 May 2026, followed by a conference call and webcast hosted by Managing Director and CEO Nic Earner and CFO James Carter to discuss the performance. Investors will be...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.