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

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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