-- Alkane Resources (ALK.TO), which saw its shares rise by more than 5% and go close to 52 week highs in Canada yesterday, overnight Wednesday said it had produced 45,776 ounces of gold equivalent over the period from January 1, 2026 to March 31, 2026.
In a statement ALK said cash ($328 million), bullion ($34 million) and listed investments ($12 million) totaled A$374 million at the end of the quarter. During the quarter, hedging of 8,700 ounces of gold was filled and tax instalments of $15 million were made.
It added further details will be available in the full March 2026 Quarterly Report later this month.
Alkane Managing Director & CEO, Nic Earner, said: "Alkane has had an excellent quarter's production from our three operating mines which together produced 44,669 ounces of gold and 377 tonnes of antimony (45,776 ounces of gold equivalent) over the quarter. We have a very strong balance sheet with A$374 million in cash, bullion and listed investments at quarter end and total liquidity of $472 million including undrawn revolving credit facility."
Shares in ALK rose by more than 5% and went near to 52 week highs in Canada yesterday.