Alkane Resources' June Quarter Production, Cash Build Surpassed Expectations, Euroz Hartleys Says

Alkane Resources' (ASX:ALK) consolidated June quarter production of around 42,500 ounces of gold equivalent was ahead of Euroz Hartleys' expectation of 41,500 ounces, the investment firm said in a Wednesday note. The company's June quarter cash build of roughly AU$104 million also beat Euroz Hartleys' estimate on higher sales, taking its fiscal year 2026 exit cash position to AU$432 million. Alkane Resources generated free cash flow of around AU$314 million over fiscal year 2026 and is capable of generating an additional AU$276 million through fiscal year 2027, the equity research firm said, adding that it expects the company's capital management framework to come into focus ahead of the release of full-year results. Euroz Hartleys' latest published forecasts for the company reflect around 9% year-over-year growth in group production to 185,000 ounces of gold equivalent at an all-in sustaining cost of about AU$2,400 per ounce over fiscal year 2027. It maintained a buy rating and AU$2.53 per share price target on Alkane Resources, saying that the company "remains serially overlooked" given its earnings multiples and strong execution in the 12 months through June. Alkane.