Alkane Resources Ltd (AU:ALK) has released an update.
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Alkane Resources Ltd has announced a profit after tax of A$17.7 million for the fiscal year 2024, even as it navigated a transition to the Roswell underground deposit and coped with a decrease in gold production due to lower grades at existing deposits. The company reported a production of 57,592 ounces of gold at an all-in sustaining cost of A$2,137 per ounce and remains financially robust with A$54.5 million in cash, bullion, and listed investments. Alkane’s management praised the company’s workforce for their dedication to safety and performance amidst a year of significant developments, including the completion of construction for new processing circuits and the release of a five-year plan detailing growth strategies.
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