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Alkane Resources Ltd
(Sydney:ALK)
Alkane Resources Ltd (ALK) vs. S&P 500 (SPY)
Alkane Resources Ltd Business Overview & Revenue Model
Alkane Resources Ltd Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 172.99M | 190.53M | 165.01M | 127.83M | 72.55M | Gross Profit |
| 34.45M | 64.46M | 57.30M | 57.37M | 28.04M | EBIT |
| 24.30M | 58.87M | 52.28M | 51.21M | 20.28M | EBITDA |
| 62.93M | 95.42M | 87.50M | 71.12M | 29.54M | Net Income Common Stockholders |
| 17.68M | 42.45M | 70.25M | 55.70M | 12.76M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 45.52M | 80.29M | 77.89M | 18.99M | 48.34M | Total Assets |
| 464.70M | 425.77M | 367.85M | 236.22M | 327.71M | Total Debt |
| 49.02M | 13.55M | 15.05M | 9.22M | 6.61M | Net Debt |
| 3.50M | -66.75M | -62.85M | -9.78M | -41.73M | Total Liabilities |
| 155.32M | 125.78M | 98.98M | 44.65M | 60.33M | Stockholders Equity |
| 309.37M | 300.00M | 268.87M | 191.56M | 267.39M |
| Cash Flow | Free Cash Flow | |||
| -82.59M | 3.75M | 2.96M | -15.00M | -38.17M | Operating Cash Flow |
| 52.90M | 95.55M | 86.48M | 71.12M | 28.54M | Investing Cash Flow |
| -123.52M | -91.43M | -33.24M | -102.73M | -77.30M | Financing Cash Flow |
| 35.84M | -1.72M | 5.67M | 2.26M | 46.06M |
Alkane Resources Ltd Technical Analysis
Alkane Resources Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $23.84B | 25.23 | 11.01% | 2.45% | 25.11% | 28.88% | |
77 Outperform | C$4.53B | 8.43 | 22.80% | 1.93% | 12.24% | 14.88% | |
75 Outperform | $15.42B | 22.16 | 16.97% | 1.55% | 60.56% | 302.20% | |
68 Neutral | $454.16M | 24.59 | 5.86% | ― | 10.37% | -39.24% | |
57 Neutral | $5.92B | ― | -0.68% | ― | -56.04% | 66.07% | |
51 Neutral | $1.00B | 41.67 | -5.02% | ― | 27.79% | -144.05% | |
49 Neutral | $1.95B | -1.61 | -21.88% | 3.78% | 0.55% | -26.94% |
Alkane Resources Ltd Corporate Events
Alkane Resources Ltd has announced a proposed issue of up to 768,031,285 fully paid ordinary securities. This move is part of a placement or other type of issue, with the proposed issue date set for July 18, 2025. This issuance could potentially impact the company’s capital structure and market positioning, offering opportunities for growth and expansion in its mining operations.
Alkane Resources Ltd has entered into an arrangement agreement with 1536968 B.C. Ltd. and Mandalay Resources Corporation, dated April 27, 2025. This agreement outlines the terms and conditions under which the companies will proceed with their arrangement, including meetings, court proceedings, and the payment of consideration. The announcement is significant for Alkane Resources as it may impact its operational strategies and market positioning, potentially affecting stakeholders involved.
Alkane Resources Ltd has announced a merger with Mandalay Resources Inc., creating a combined entity aimed at expanding their production capabilities in gold and antimony. This merger is expected to enhance the scale of operations and provide benefits to all shareholders, positioning the merged company for growth in the competitive mining sector.
Alkane Resources Ltd and Mandalay Resources Corporation have announced a merger of equals, creating a diversified gold and antimony producer with three cash-generating mines. The merger is expected to enhance growth prospects, increase production to over 180,000 ounces by 2026, and improve trading liquidity, potentially leading to a valuation re-rate. The combined company will have a strong balance sheet with significant cash reserves and will be led by Alkane’s Managing Director, Nic Earner. This merger positions the company as a significant player in the mining industry, benefiting shareholders with a projected market capitalization of approximately A$1,013 million.
Alkane Resources Ltd announced a correction to a previously reported Change of Directors Interest Notice due to a minor mathematical error in the calculation of long-term performance rights (FY25 LTIs) issued to directors. The error, caused by a spreadsheet rounding issue, affected the Volume Weighted Average Price (VWAP) calculation, leading to a slight adjustment in the number of performance rights allocated to directors David Ian Chalmers and Nicholas Earner. This correction ensures accurate reporting and compliance with ASX listing rules, maintaining transparency and trust with stakeholders.
Alkane Resources Ltd has announced significant results from its underground expansion and pre-mine grade control drilling at the Tomingley Gold Operations. The drilling at Caloma and Roswell deposits has revealed high-grade gold intercepts, indicating substantial resource expansion potential. These results will be evaluated for economic recovery potential and may lead to further drilling to include new lodes into reserves. This development underscores the ongoing potential for resource growth and high-grade mineralization at Tomingley, which is crucial for the company’s future mining plans.
Alkane Resources Ltd has announced the results of its underground resource expansion drilling at the Tomingley Gold Operations, specifically targeting the Caloma Two deposit. The drilling, which included 91 holes over 15,439 meters, revealed significant gold mineralization in several lodes, indicating potential for resource expansion. The company plans to further evaluate the economic recovery potential of these new lodes, with the possibility of increasing its ore reserves. This development underscores the company’s strategic focus on expanding its gold resources, potentially enhancing its market position and future operations.
Alkane Resources Ltd reported a significant increase in its financial performance for the half-year ending December 2024, with a 36% rise in revenue to A$121.5 million and a 6% increase in profit after tax to A$13.1 million. This growth was driven by higher gold sale prices and increased production at the Tomingley site, highlighting the company’s robust position in the gold market. The company’s cash, bullion, and listed investments totaled A$42.4 million, demonstrating strong financial health and operational efficiency.