Alkane Resources Limited (ASX: ALK) has delivered its strongest quarterly performance on record, posting 43,663 gold equivalent ounces of production. The Company announced on 27 January 2026 that its December 2025 quarter generated $133 million in site operating cash flow. This marked a significant achievement across the Alkane Resources quarterly report metrics and reinforces confidence in the Alkane Resources latest news cycle.
Figure 1: Location map of Alkane Resources’ operating assets and development projects across Australia and Sweden, including Tomingley, Costerfield, Björkdal and Boda-Kaiser. (Source: Alkane Resources)
The Company closed the quarter with cash, bullion and listed investments totalling $246 million. This represented a $58 million increase from the previous quarter, driven by record gold sales and improved pricing. Managing Director Nic Earner confirmed that the full-year guidance of 160,000 to 175,000 ounces of gold equivalent remains unchanged, a key highlight within the Alkane Resources quarterly report.
What Drove the Strong Alkane Resources Quarterly Report Performance?
Alkane Resources latest news shows production increased significantly from 30,511 gold equivalent ounces in the September quarter. The December quarter benefited from improved output at Tomingley and three full months of production from Björkdal and Costerfield. This operational uplift sits at the centre of the current Alkane Resources quarterly report narrative.
Figure 2: Q2 FY26 all-in sustaining cost and all-in cost comparison across Alkane Resources’ operations, highlighting cost performance at Costerfield, Tomingley and Björkdal. (Source: Alkane Resources)
The Company produced 42,767 ounces of gold and 267 tonnes of antimony during the quarter. Gold equivalent sales reached 44,084 ounces, generating revenue of $256 million. These results continue to shape Alkane Resources latest news as strong commodity pricing supports margin expansion.
Alkane Resources Exploration Update Highlights New Discoveries
The Alkane Resources exploration update revealed significant progress across multiple sites. At Storheden in Sweden, extension drilling doubled the depth extent to 464 metres and strike extent to 2.7 kilometres. These results form an important pillar of the broader Alkane Resources latest news strategy.
Tomingley drilling discovered a new gold-rich domain adjacent to McLeans and close to existing underground infrastructure. The discovery strengthens near-mine optionality and features prominently in the latest Alkane Resources exploration update disclosures.
How Did Individual Operations Perform During the Quarter?
Costerfield delivered 11,686 gold equivalent ounces at all-in sustaining costs of $2,149 per ounce. The operation sold 11,042 ounces of gold at $6,333 per ounce and 409 tonnes of antimony, generating $79 million in revenue. Site operating cash flow reached $30 million for the quarter.
Figure 3: December quarter 2025 financial performance summary showing revenue, costs, production and cash flow across Alkane Resources’ operating mines. (Source: Alkane Resources)
Tomingley produced 22,089 ounces of gold at all-in sustaining costs of $2,216 per ounce. The operation generated $67 million in operating cash flow after selling 22,491 ounces at $5,048 per ounce. Processing rates improved to approximately 1.3 million tonnes per annum following the insertion of a mobile crusher.
Björkdal produced 9,888 ounces of gold at all-in sustaining costs of $4,117 per ounce. The Swedish operation generated $35 million in operating cash flow after selling 9,176 ounces at $6,930 per ounce. The site benefited from improved flotation performance following commissioning of the return water system from the mine.
What Were the Cost Metrics Across Alkane Resources Operations?
Group all-in sustaining costs decreased to $2,739 per gold equivalent ounce from $2,988 per ounce in the September quarter. Cash operating costs improved to $2,031 per gold equivalent ounce from $2,215 per ounce. The cost reductions resulted from planned higher grades at Tomingley and Costerfield, driving increased production.
Total operations, sustaining, growth and exploration expenditure reached $38 million during the quarter. Sustaining capital was $20 million, including $10 million for capital development, mainly at Björkdal. Growth capital of $9 million focused primarily on the Newell Highway realignment at Tomingley.
Alkane Resources Latest News on Capital Projects and Development
Tomingley awarded the final portion of the contract to construct the Newell Highway realignment in early October. Construction is expected to be completed in the first half of 2027. Approximately 3.5 kilometres of pavement was established to varying thicknesses prior to the Christmas shutdown on 19 December 2025.
Figure 4: Aerial view of the Newell Highway realignment at Alkane Resources’ Tomingley operation in Central West New South Wales. (Source: Alkane Resources)
Work commenced on the Kenilworth access required to allow heavy vehicle access into the site. This was expected to be completed in late January 2026. The highway diversion enables access to additional ore reserves and extends mine life at the operation. Infrastructure progress continues to feature prominently in Alkane Resources latest news.
What Is the Financial Position and Cash Flow Outlook?
Alkane Resources closed the quarter with $218 million in cash plus $14 million in bullion and $14 million in listed investments. The Company received an additional $18 million payment in early January from a Costerfield concentrate shipment that shipped in mid-December. The payment receipt was delayed due to the Christmas holidays.
Figure 5: December quarter 2025 cash movement waterfall chart illustrating a $58 million underlying post-tax free cash flow build. (Source: Alkane Resources)
Tax outflows were $17 million during the quarter, with $11 million relating to the financial year 2025. The Company paid $6 million for a cash-backed bond related to the Newell Highway Project. Corporate and other cash flows totalled $20 million, including $3 million on Boda and regional exploration.
Alkane Resources Share Price and Market Capitalisation
Alkane Resources shares are currently trading at $1.645 with a market capitalisation of $2.19 billion. The stock has traded in a 52-week range of $0.530 to $1.680 per share. The Company’s share price performance reflects strong operational execution and cash generation across its portfolio.
Figure 6: Alkane Resources share price performance over the past year, reflecting investor response to record quarterly results. (Source: ASX)
About Alkane Resources Limited
Alkane Resources Limited is an Australia-based gold and antimony producer with three operating mines across Australia and Sweden. The Company is listed on the Australian Securities Exchange, Toronto Stock Exchange and OTCQX markets under the ticker ALK.
The Company’s wholly owned producing assets include the Tomingley open pit and underground gold mine southwest of Dubbo in Central West New South Wales. Costerfield is a gold and antimony underground mining operation northeast of Heathcote in Central Victoria. Björkdal is an underground gold mine northwest of SkellefteÃ¥ in Sweden approximately 750 kilometres north of Stockholm.
Alkane also owns the Boda-Kaiser gold-copper porphyry Project in Central West New South Wales. The Company has ongoing exploration within the surrounding Northern Molong Porphyry Project. Alkane is positioned for further growth with a strong balance sheet and near-mine exploration programs at all three operations.
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Final Thoughts
Alkane Resources has delivered a record quarterly performance, demonstrating the operational leverage across its three-mine portfolio. The $58 million cash build and $246 million total liquidity position the Company for continued investment in growth and exploration. Full-year guidance remains on track with strong momentum entering the second half of financial year 2026.
The combination of production growth, cost control and strong commodity pricing has driven exceptional cash generation. Exploration success at Storheden and Tomingley provides near-term resource growth opportunities. Investors will watch for continued operational consistency and integration benefits from the expanded portfolio. Overall execution during the period supports confidence in the Alkane Resources quarterly report outcomes.
FAQs
Q1. What was Alkane Resources’ quarterly production for December 2025?
Ans. Alkane Resources produced 43,663 gold equivalent ounces during the December 2025 quarter, comprising 42,767 ounces of gold and 267 tonnes of antimony.
Q2. How much cash does Alkane Resources currently hold?
Ans. The Company closed the quarter with $246 million in cash, bullion and listed investments, including $218 million in cash, $14 million in bullion and $14 million in listed investments.
Q3. What were the all-in sustaining costs for the December quarter?
Ans. Group all-in sustaining costs were $2,739 per gold equivalent ounce for the December quarter, down from $2,988 per ounce in the September quarter.
Q4. Where did Alkane Resources discover new mineralisation?
Ans. New mineralisation was discovered at McLean,s adjacent to existing infrastructure at Tomingley, with intercepts of 4.36 grams per tonne gold over 26 metres, including 22.8 grams per tonne over 3.3 metres.
