Alkane posts record H1 profit as gold, antimony prices surge
Dual-listed Alkane Resources has delivered record operating and financial results for the six months to 31 December 2025, underpinned by strong gold and antimony prices and the expanded contribution from its three-mine portfolio.
The gold and antimony producer reported half-year revenue of A$404-million from gold equivalent sales of 74 094 oz, achieved at an average realised gold price of $5 421/oz and antimony price of $41 023/t. Net profit for the half reached A$65-million, or 5.32c a share.
Cash generated from operating activities was A$154-million, lifting Alkane’s cash, bullion and listed investments to A$246-million at period-end.
Second-quarter revenue surged to A$256.7-million, compared with A$59.2-million in the prior corresponding period, reflecting higher production and the inclusion of the Costerfield and Björkdal operations following the August 2025 merger with Mandalay Resources.
MD Nic Earner said the company had delivered its strongest quarter on record.
“During a period of high gold and antimony prices, the power of our three-mine portfolio delivered exceptional operating results as they produced a record 42 767 oz of gold and 267 t of antimony, which generated record revenues of $256.7-million.
“Record revenues along with lower operating costs generated over A$147-million in adjusted earnings before interest, taxes, depreciation and amortisation.
“The company ended the quarter in a robust cash position which will provide the support for Alkane’s growth plans. Given the strong performance to date, we move into the second half of the year with momentum and are on track to meet our production and cost guidance for 2026.”
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