CAPITAL MARKETS

Alkane smashes guidance to deliver record profit

ALKANE Resources has posted a record profit after tax for 2021-22, benefiting from a high gold price, guidance-smashing production and cost performance at its Tomingley operations in New South Wales, and a gain on the sale of shares in Genesis Minerals.

 All smiles at Alkane

All smiles at Alkane

Its 26% higher profit after tax was A$70.2 million, with $62 million in pre-tax profit generated from sales of 66,883 ounces from Tomingley, generating revenue of $165 million.   All-in sustaining...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.