Alkane Resources (ALK.AX) (ALK.TO) has released its production results for the March quarter of 2026 (which is Q1 CY 2026, but Q3 FY 2026 for the company). As the table shows, the consolidated gold production was just under 44,700 ounces of gold with almost half of that output coming from the Tomingley mine. The Costerfield mine wa good for about 10,600 ounces of gold as well as 377 tonnes of antimony. The antimony was sold at an average price of A$34,400/t.
The AISC came in at around A$2930 per ounce of gold-equivalent due to higher diesel prices as well as higher royalty payments (the latter are obviously tied to the higher gold price). And while the AISC is not one of the lowest in the sector, the current high gold and antimony prices obviously make up for that and at the end of March, the company’s cash, bullion and listed investment balance reached A$374M.
Disclosure: The author has no position in Alkane Resources. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
