Alkane Resources (ASX: ALK) reported robust performance at Tomingley Gold Operations (Tomingley), achieving gold sales of 16,576 ounces for AU$59.4 million at an average price of AU$3,582/oz. Gold production for the quarter was 14,852 ounces, slightly below forecast due to increased gold-in-circuit inventory over the Christmas period. The site’s operating cash flow was AU$19.3 million, with an AISC of AU$3,053/oz. FY2025 guidance remains at 70,000–80,000 ounces, with an AISC of A$2,400–$2,600/oz, including a one-off sustaining capital cost for decline development.
Significant milestones include commissioning the flotation and fine grind circuit, improving recovery to 87.3% in December 2024, and the new paste plant, which delivered its first fill in January 2025. Exploration at Boda-Kaiser and regional targets is ongoing, with results expected in Q1 2025. Total liquidity was AU$57.4 million, with A$42.4 million in cash, bullion, and investments. The Tomingley expansion phase is now complete, focusing on optimizing and leveraging new infrastructure.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
