Alkane Resources' quarterly report for the September 2026 quarter (Q1 FY27) shows gold-equivalent production of 40,740 AuEq oz at an AISC of $2,805/AuEq oz, with mine operating cash flow of $102 million and gold-equivalent sales of 38,348 oz generating $206 million in revenue at an average gold price of $5,128/oz. The company reaffirmed FY27 production guidance of 163-177koz gold equivalent at an AISC of $2,900-$3,200 per ounce. Cash, bullion and listed investments totalled $459 million after $13 million in income tax payments, with final FY26 income tax payments of $55-60 million expected in the December quarter. Alkane paid its maiden fully franked dividend of 2 cents per share and approved a $50 million buyback in September 2026. CEO Nic Earner said AISC came in below the full-year cost guidance range.
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- Alkane Resources - Quarterly Report - September 2026
Alkane Resources reported gold-equivalent production of 40,740 AuEq oz for the September 2026 quarter (Q1 FY27) at an AISC of $2,805/AuEq oz, below its full-year cost guidance range. Sales of 38,348 ounces brought in revenue of $206 million at an average gold price of $5,128/oz, and mine operating cash flow was $102 million. The company closed the quarter with $440 million in cash and bullion, or $459 million including listed investments, after paying its maiden fully franked dividend of 2 cents per share. It reaffirmed FY27 production guidance of 163-177koz gold equivalent at an AISC of $2,900-$3,200 per ounce, expects FY26 final income tax payments of $55-60 million in the December quarter, and approved a $50 million buyback in September 2026.
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Westgold Resources (ASX/TSX: WGX) reported Q1 FY27 results for the quarter to 30 September 2026, with gold production of 98.4koz at an AISC of A$2,912/oz, versus 98.9koz at A$2,802/oz in Q4 FY26, and no lost time injuries. Cash, bullion and liquid investments rose A$101M to A$1,040M, with mine operating cash flow of A$292M and an underlying Treasury build of A$251M; the company remains debt-free and unhedged. Group Ore Reserves increased 41% to 4.1Moz, and A$22M of shares were bought back during the quarter under a A$50M FY27 program. A revised policy sets a minimum annual return of 3 cents per share, including a 2 cent fully franked dividend. Westgold remains on track for FY27 guidance of 385–425koz and targets around 500koz by FY29.
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Pantoro Gold reported September-quarter gold production of 21,864 ounces at its Norseman Gold Project in Western Australia, in line with FY2027 guidance of 90,000 to 105,000 ounces. The company posted cash and gold of A$240 million, up A$16.6 million in the quarter despite A$36.3 million of major project and exploration spending. OK Underground output rose to 6,497 ounces from 4,890 ounces, while Scotia produced 10,211 ounces. An exploration decline toward the high-grade Racetrack discovery has begun, with a maiden Mineral Resource targeted in the first half of 2027. Norseman's total Mineral Resources rose 2% year-on-year to 4.7 million ounces after depletion.
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Alkane Resources (ASX:ALK) has confirmed and extended gold-antimony mineralisation at its Nagambie Project in Victoria, including high-grade intercepts outside the existing Inferred Mineral Resource. Three diamond holes totalling 1,868 m showed the C2W zone extends about 115 m further down-dip, and the company estimates a vertical extent of more than 250 m for the lode. One intersection returned 10.6 m at 3.3 g/t gold and 0.7% antimony, including 1.3 m at 17.0 g/t gold and 5.9% antimony. The current Inferred Resource is 539,000 tonnes containing about 58,000 ounces of gold, and Alkane can earn 60% by spending A$12.5 million over three years, with an option to reach 80% through a further A$15 million.
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