Alkane Resources (ASX: ALK) achieves gold production target for FY24,

Tue 09 Jul 24, 01:03 AM | Team Kalkine

Image source: © Tepic | Megapixl.com

Highlights

Alkane Resources is an ASX-listed gold exploration and production firm

In 1HFY24, ALK’s gold revenue stood at AUD 89.06 million

Gandel (Ian Jeffrey) has the highest stake in the firm with the shareholding of 18.25%

Based in Western Australia, Alkane Resources Ltd (ASX: ALK) is a gold exploration and production company founded in 1969. The company operates its Tomingley Gold Operations along with several highly promising gold and copper assets, including the Boda-Kaiser project in Central West New South Wales.

In the first half of the financial year 2024 (1HFY24), gold revenue of ALK dropped by 5% YoY to AUD 89.06 million, profit after tax decreased by 50% YoY to AUD 12.43 million, and gold sales fell by 15% YoY to 30,597 ounces at an AISC of AUD 2,177 per ounce.

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