Alkane Resources notches record A$70.3 million profit after tax
The gold stock also delivered a 29% uplift in revenue, a 17% jump in gold production and a 20% improvement in sales.
Company
Alkane Resources Ltd
ASX:ALK
Alkane Resources (ASX:ALK; TSX:ALK; OTCQX:ALKEF) is an Australia-based gold and antimony producer. The company has three wholly owned producing mines across Australia and Sweden: Tomingley (gold, NSW), Costerfield (gold-antimony, Victoria) and Björkdal (gold, northern Sweden). Alkane also owns the large gold-copper porphyry Boda-Kaiser Project in NSW
310 stories · page 7 of 16
Alkane Resources defines shallow high-grade gold-copper zones at Kaiser prospect
The new zones at Kaiser sits on a strike length of 800 metres, and the best results have been located within the southeast of the drilling and continues over a length of 350 metres the west-northwest.
Alkane Resources defines shallow, broad high-grade gold-copper at Kaiser prospect near Boda discovery
The new zones at Kaiser sit on a strike length of 800 metres and the best results are from the southeast of prospect and continue over a length of 350 metres to the west-northwest.
Alkane Resources' tangible assets cover 136% of share price: Edison Investment Research
Where before Tomingley, Calidus and Genesis had been the only tangible contributors to Alkane’s valuation, they have now been joined by Boda, which the company estimates is worth an immediate US$125.5 million or A$0.31/share.
Alkane Resources exceeds gold production guidance
The company has exceeded its FY2022 production guidance, with the Tomingley Operations producing 66,804 ounces of gold for the 12 months to June 30, 2022.
Alkane Resources posts maiden inferred resource of 10.1 million gold equivalent ounces at Boda deposit
Alkane MD Nic Earner said this resource at Boda is just the beginning and the company is planning further drilling across its tenement package.
Alkane Resources passes 500,000-ounce gold milestone at Tomingley
“Pouring our 500,000th ounce is a significant milestone that provides a fitting testament to the teams that have worked on the Tomingley Gold Project and Operations since the days of discovery by Alkane in the early 2000s,” says MD.
Alkane Resources boosts gold resource 37% for Tomingley’s Roswell deposit to 904,000 ounces
“With the project approval process well underway we look forward to delivering on this potential for our shareholders, employees and other stakeholders in NSW,” says MD.
Alkane Resources fields more broad gold-copper hits from completed Boda resource drilling, initial estimate underway
Boda is a landmark porphyry gold-copper system, within the Northern Molong Porphyry Project, which the company believes has the potential to be a large, tier-one gold-copper project.
Alkane Resources' first stage of resource drilling at Boda nears completion
Final assays from the Boda higher-grade resource drilling are scheduled for March and will be incorporated into the maiden resource estimation database.
Alkane Resources produces 16,935 ounces of gold from Tomingley in December quarter; re-iterates FY22 guidance
Gold sold for the quarter was 17,754 ounces at an average sales price of A$2,475/ ounce, generating revenue of A$43.9 million.
Alkane Resources up 21.8% on intersecting further broad gold and copper northwest of Boda discovery
Gold-copper mineralisation is now outlined over a three kilometres strike length from Boda Three to Kaiser.
Alkane Resources continues to grow Boda system with more broad gold-copper intersections
Assay results have been received for a further 19 core and reverse circulation drill holes testing the extensive gold-copper mineralisation at Boda, Boda Two, Boda Three and Kaiser within the Northern Molong Porphyry Project.
Alkane Resources price target gets 15% boost to $1.50 by Ord Minnett following Tomingley study, FY22 guidance
Broker says Alkane now trades at a discount to its NAV at 0.75 times and has the potential to re-rate to that of a 100,000 ounces midcap gold producer.
Alkane Resources expands Tomingley growth promise with multiple new gold intercepts
The latest drill results have the potential to expand the existing resource as well as open up new gold prospects.
Alkane Resources reviews gold mineral resource and ore reserves for FY21
The gold producer was able to increase its total resources and ore reserves against the previous financial year thanks to work at the Roswell and San Antonio deposits.
Alkane Resources delivers FY21 profit after tax of A$55.7 million
The company’s gold production is from the Tomingley Gold Operations in Central West New South Wales, where it is expediting a development pathway to extend mine life beyond 2030.
Alkane Resources new Boda gold-copper results bode well for budding multi-mine producer
“The high-grade breccia zone at surface not only further emphasises the large vertical depth of the system, but also gives rise to considering open cut as a potential mining method at Boda,” says MD.
Alkane Resources halted with update pending on exploration results from Boda Project
The company’s shares will remain in a trading halt until Tuesday, August 17, or when an announcement is released to the market.
Alkane Resources share price gains 62% in June quarter amid increasing gold production
During the June quarter, gold production at the Tomingley operations was above forecasts at 13,500 ounces with site operating cash costs at A$1,199/ounce and all-in sustaining costs (AISC) of A$1,669/ounce.