07:36 AM EDT, 10/29/2025 (MT Newswires) -- Alkane Resources ( ALKEF ) overnight Tuesday reported site operating cash flow of A$73 million for the first quarter of fiscal year 2026.

For the three-months ended Sept. 30, production for all operations was 36,407 gold equivalent (AuEq) ounces (oz) at All-In Sustaining Costs (AISC) of A$3,036/AuEq oz.

It also reported "record" gold production in Q1 of 30,511 AuEq oz at AISC of $2,988/AuEq oz "during a transitional quarter including only 2 months of Bjorkdal and Costerfield production." The company said gold equivalent sales for the quarter of 30,010 ounces was for revenue of A$147 million at an average gold price of A$4,896/oz and an average antimony price of A$35,646 per tonne.

A New Vein was intercepted at True Blue, a part of the Costerfield property, with an intercept of 11.7 grams per tonne (g/t) gold and 6.5% antimony over 4.88 meters. Construction of the Newell Highway re-alignment is expected to complete in the March quarter of 2027.

Alkane and Mandalay Resources Corporation shareholders both voted to approve the "merger of equals" between the companies during the quarter. The company said the deal, which was completed on August 5, lifted it into ASX 300.

"Alkane now has three operating mines who together produced 35,527 ounces of gold and 198 tonnes of antimony (36,407 ounces of gold equivalent) over the full quarter," said Alkane Resources ( ALKEF ) managing director Nic Earner. "With the repayment of our A$45 million debt and the one-off transaction costs of A$25 million behind us we have a very solid balance sheet with A$191 million in cash, bullion and listed investments at quarter end."

Shares of the company closed unchanged at C$0.9 on the Toronto Stock Exchange Tuesday.