Alkane Resources Ltd (AU:ALK) has released an update.
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Alkane Resources Ltd has reported a decrease in FY2024 production guidance for its Tomingley Gold Operations, now expecting to produce between 55,000oz and 58,000oz Au at increased costs due to slower ramp-up at Roswell. Despite recovery issues earlier in the year, the operation has mined approximately 15,700oz Au and produced 9,260oz Au over April and May. The company remains optimistic with ongoing upgrades and looks forward to sharing its updated 5-year plan for Tomingley.
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