From Financialpost · · 1m 10s
Alkane Resources Reports Q1 FY27 Results
Alkane Resources pays maiden dividend and meets production targets in Q1 FY27.
In brief
Alkane Resources pays maiden dividend and meets production targets in Q1 FY27. Alkane Resources paid its first dividend of 2 cents per share and produced 40,740 ounces of gold equivalent at an AISC of $2,805 per ounce in Q1 FY27. Originally reported by Financialpost.
Q1 FY27 Production
Alkane Resources produced 40,740 ounces of gold equivalent at an AISC of $2,805 per ounce in Q1 FY27.
Gold Sales and Revenue
Sold 38,348 ounces of gold equivalent for $206 million revenue at $5,128 per ounce and $23,842 per tonne for antimony.
Cash and Bullion
Alkane Resources closed Q1 FY27 with $440 million in cash and bullion after paying a maiden dividend of 2 cents per share.
Production Guidance
Alkane Resources expects 163-177 koz gold equivalent production at an AISC of $2,900-$3,200 per ounce for FY27.
Maiden Dividend
Paying its first ever dividend of 2 cents per share, fully franked, is a significant milestone for Alkane Resources.
Financial Highlights
Alkane Resources reported $102 million in mine operating cash flow for Q1 FY27 and $50 million buyback approved in September 2026.
The bottom line
Alkane Resources paid its first dividend of 2 cents per share and produced 40,740 ounces of gold equivalent at an AISC of $2,805 per ounce in Q1 FY27.
