Alkane Resources Ltd (ASX:ALK, OTC:ALKEF) has reported some strong results for the financial year ending June 30. The company produced 70,120 ounces of gold at its Tomingley Gold Operations in central west New South Wales.
This number is within guidance and was supported by a June quarter contribution of 19,193 ounces, capping off a year of increased output and operational progress.
In addition, the company also reported unaudited cash, bullion and listed investments totalling A$68.3 million at the end of the quarter — up A$9.7 million from March.
Alkane managing director, Nic Earner, said: “Alkane’s operation at Tomingley, combined with our merger with Mandalay Resources, placeus firmly into the mid-tier gold companies on the ASX. We look forward to the year ahead and delivering for our shareholders".
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