Alkane posts record FY26 profit, declares first dividend and launches A$50 million buyback

Alkane Resources reported a record FY26 net profit after tax of A$228.7 million, up 590% from the previous year, in its first full year as a combined group with Mandalay Resources. The Australian gold and antimony producer declared a maiden fully franked final dividend of 2.0 Australian cents per share, payable on Oct. 1, 2026, to shareholders registered on Sept. 8, and approved an on-market buyback of up to A$50 million over 12 months. The buyback is expected to represent less than 3% of shares on issue and will not require shareholder approval under Australian or Canadian securities law. Alkane produced 168,337 gold equivalent ounces, achieved an average realized gold price of A$5,664 per ounce and ended the year with A$454 million in cash, bullion and listed investments. The company reaffirmed FY27 guidance of 163,000 to 177,000 gold equivalent ounces at an all-in sustaining cost of A$2,900 to A$3,200 per ounce.

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