Alkane Resources Ltd (AU:ALK) has released an update.
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Alkane Resources Ltd reported solid gold production at its Tomingley operations, meeting quarterly forecasts with 17,319 ounces and yielding a robust site operating cash flow of A$19.2m. The company has begun stope mining at Roswell and is progressing with expansions, including the commissioning of a new paste plant and processing upgrades scheduled for Q4 2024. Additionally, the promising Boda-Kaiser scoping study indicates a potential 17-year life span with significant annual gold and copper production, bolstering Alkane’s growth outlook.
For further insights into AU:ALK stock, check out TipRanks’ Stock Analysis page.
