CAPITAL MARKETS

Alkane boosts guidance

NEW South Wales gold producer Alkane Resources has increased its production guidance to between 42,000 ounces and 47,000oz for the current fiscal year after its flagship Tomingley mine put on a strong showing for the March quarter, resulting in 10,669oz being poured.

Tomingley-gold-mine-jul-14.jpg

Tomingley-gold-mine-jul-14.jpg

  Grades have been higher than expected, with the average head grade at 1.57 grams per tonne.   All-in sustaining costs for the quarter were of $956/ounce, within guidance of $950-1100/oz, well below...

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