Alkane Resources (ASX: ALK) expects Tomingley to generate gold production of 60-65koz.

Tue 20 Feb 24, 07:41 AM | Team Kalkine

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Highlights

Alkane Resources Limited (ASX: ALK) is a gold exploration, development, and production company based in Australia. Established in 1969, the company's main projects and operations are situated in central western New South Wales.

In the financial year 2023 (FY23), the company recorded more than 15% YoY increase in revenue to AUD 190.5 million and 5.4% YoY increase in gold sales to 70,498 ounces. During the reported period, gold production stood at 70,253 ounces, compared to 66,802 ounces in the previous year, exceeding the production guidance for the year. The production momentum continued in the first half of FY24 as Tomingley met production guidance for the first half, taking the first half gold production to 29,037 ounces.

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