New quarter, bigger pile of gold
Alkane Resources kicked out a quarterly activities report showing record Q3 FY26 gold production of 45,776 ounces gold-equivalent, while also generating $189 million in site operating cash flow. In mining land, that’s basically the company saying: “Yes, the drills are humming, and yes, the cash register is ringing.”
The part investors care about
The company kept its full-year guidance unchanged at 160,000-175,000 ounces gold-equivalent at an all-in sustaining cost of $2,600-$2,900 per ounce. Translation: management isn’t backpedaling, and the production machine still looks on track.
A little more juice from the ground
Alkane also said exploration at Costerfield is finding more veins above the current workings, with 25 additional veins defined in the Kendall prospect area. That doesn’t mean instant extra revenue tomorrow, but it does hint that the mine might have more runway than a one-hit wonder.
Big picture: record production plus solid cash flow is the kind of combo investors usually like to see from a miner, especially when guidance doesn’t wobble.