Alkane Resources Limited (ASX:ALK; TSX:ALK; OTCQX:ALKEF) reported strong financial results for the year ended June 2025, with a 52% increase in gold revenue and a 23% increase in gold production compared to the previous year. The company’s profit after tax also saw a significant 87% increase. Operating the Roswell underground deposit contributed to the higher grade ore and recoveries, resulting in 70,120 ounces of gold produced at an all-in sustaining cost of A$2,561 per ounce. Alkane’s cash, bullion, and listed investments totaled A$60.3 million as of June 30, 2025, with A$48.1 million in cash on hand.

Post year-end, Alkane Resources Limited (ASX:ALK) and Mandalay Resources Corporation (TSX:MND) completed a “merger of equals” effective from August 5, 2025. Alkane’s Managing Director, Nic Earner, expressed optimism about the company’s future after the merger, highlighting strong performance and growth opportunities. The company’s ongoing exploration activities in Australia and Sweden continue to enhance its position as a gold and antimony producer. Alkane Resources Ltd remains well-positioned for production and growth in the upcoming financial year.

Read more at GlobeNewswire: Alkane Delivers Profit After Tax of A$33 Million for