# Alkane Delivers Record Q3 Profit of $93 million Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/alkane-delivers-record-q3-profit-of-93-million--94e92903-2023-4e14-882d-a368bd4c8cd4 Original source: https://money.tmx.com/en/quote/ALK/news/7845737377290339/alkane-delivers-record-q3-profit-of-93-million Publisher: tmx Original announcement: 2026-05-15T00:15:14.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Alkane Resources Limited - Ticker: ALK - Exchange: TSX - Region: Unavailable - Primary commodity: Gold - Secondary commodities: Antimony - Document categories: Production, Other, Metallurgy - Extracted: 2026-09-13 10:58:22 UTC Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas summary Alkane Resources Limited reported record financial and operational results for the third quarter ended 31 March 2026, with a net profit of $93 million and revenues of $274 million. The company achieved record gold equivalent production of 45,776 ounces and 377 tonnes of antimony, driven by strong performance across its Tomingley, Costerfield, and Björkdal operations. Alkane ended the quarter with a robust financial position of $374 million in cash, bullion, and investments, and remains on track to meet its FY2026 guidance. Reasoning: Alkane Resources delivered record financial and operational results for Q3 2026, driven by strong production across its three mines and high commodity prices. The company achieved record profit, revenues, and cash generation, and is on track to meet its annual guidance. While Costerfield experienced some grade variability, overall performance was exceptional. - Positive factor: Record Q3 profit of $93 million - Positive factor: Record revenues of $274 million - Positive factor: Record production of 44,669 gold ounces and 377 tonnes antimony \(consolidated\) - Positive factor: Record cash generation with EBITDA of $161 million - Positive factor: Strong financial position with $374 million cash, bullion and investments - Positive factor: On track to meet FY2026 guidance - Positive factor: Increased gold production at Tomingley due to higher throughput and mill head grades - Positive factor: Improved gold recovery at Tomingley and Björkdal in Q3 2026 vs Q2 2026 - Positive factor: Lower cash operating costs and AISC at Tomingley and Björkdal in Q3 2026 vs Q2 2026 - Negative factor: Costerfield mined grades were different to those aimed for due to grade variability - Negative factor: Costerfield AISC increased in Q3 2026 compared to Q2 2026 Facts used in scoring: 42 ## Classification and evidence **Tonnage Growth** Polarity: positive Story-specific tag Definition: Tonnage increase reaching the strong tier vs prior estimate, with grade maintained or improved. Why it applies: Consolidated mined ore increased from 580,994 t in Q2 2026 to 620,121 t in Q3 2026. Evidence · table > 620,121 Context: Tonnes of ore mined \(t\) **Grade Improvement** Polarity: positive Story-specific tag Definition: Average resource grade improved vs prior estimate — better deposit economics. Why it applies: Björkdal processed ore - milled head grade gold improved from 1.04 g/t in Q2 2026 to 1.52 g/t in Q3 2026. Evidence · table > 1.52 Context: Processed ore - milled head grade gold \(g/t\) **Recovery Improving** Polarity: positive Story-specific tag Definition: Recovery improved versus a like-for-like prior test program on the same domain and route. Why it applies: Gold recovery at Tomingley improved from 89.84% in Q2 2026 to 90.11% in Q3 2026, and at Björkdal from 87.43% to 90.43%. Evidence · table > 90.11 Context: Recovery gold \(%\) **Resource Update** Polarity: neutral Story-specific tag Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document provides a quarterly operational and financial update, which is a routine update. Evidence · text > Alkane Delivers Record Q3 Profit of $93 million **QP/CP Signed** Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: The document is authorized for release by Nic Earner, Managing Director & CEO. Evidence · text > This document has been authorised for release to the market by Nic Earner, Managing Director & CEO. **Deleterious Elements Present** Polarity: negative Story-specific tag Definition: A source-stated penalty, refractory or recovery concern in the fact's scope. Element detection alone, including measured elements explicitly below penalty thresholds, does not trigger this tag. Respect negation and retain a separately stated concern even when another risk is explicitly absent. Why it applies: Costerfield mined grades were different to those aimed for due to grade variability, indicating potential issues with ore consistency. Evidence · text > Some mined areas did not perform as well as expected in forecast models due to grade variability. ## Extracted facts Stored fact records: 18. Some facts used in scoring do not have a stored record. ## Metallurgical Results (18) ### production\_data [Link to this fact](https://atlas-extractions.minestarters.com/news/alkane-delivers-record-q3-profit-of-93-million--94e92903-2023-4e14-882d-a368bd4c8cd4#fact-metallurgical-facts-1) Tomingley · gold #### Identity - Project: Tomingley - Commodity: gold - Ticker: ALK #### Test Work - Test Type: production\_data - Processing Route: mill\_route #### Recovery - Recovery: 90.11 % - Recovery Basis: actual\_test - Head Grade: 2.41 - Head Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Tomingley achieved a strong gold recovery of 90.11% in Q3 2026, indicating efficient processing and contributing to overall production. - Positive factor: High gold recovery for a mill operation - Positive factor: Recovery improved compared to Q2 2026 \(89.84%\) Evidence · table > 90.11 Context: 314,997 ### production\_data [Link to this fact](https://atlas-extractions.minestarters.com/news/alkane-delivers-record-q3-profit-of-93-million--94e92903-2023-4e14-882d-a368bd4c8cd4#fact-metallurgical-facts-4) Costerfield · gold #### Identity - Project: Costerfield - Commodity: gold - Ticker: ALK #### Test Work - Test Type: production\_data - Processing Route: mill\_route #### Recovery - Recovery: 93.58 % - Recovery Basis: actual\_test - Head Grade: 10.21 - Head Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Costerfield maintained very high gold recovery rates in Q3 2026, demonstrating efficient processing despite a slight quarter-on-quarter decrease. - Positive factor: Very high gold recovery for a mill operation - Negative factor: Slight decrease in recovery compared to Q2 2026 \(93.94%\) Evidence · table > 93.58 Context: 35,598 ### production\_data [Link to this fact](https://atlas-extractions.minestarters.com/news/alkane-delivers-record-q3-profit-of-93-million--94e92903-2023-4e14-882d-a368bd4c8cd4#fact-metallurgical-facts-5) Costerfield · antimony #### Identity - Project: Costerfield - Commodity: antimony - Ticker: ALK #### Test Work - Test Type: production\_data - Processing Route: mill\_route #### Recovery - Recovery: 85.93 % - Recovery Basis: actual\_test - Head Grade: 1.21 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Costerfield achieved strong antimony recovery rates in Q3 2026, contributing to overall metal production. - Positive factor: Strong antimony recovery - Negative factor: Slight decrease in recovery compared to Q2 2026 \(86.77%\) Evidence · table > 85.93 Context: 35,598 ### production\_data [Link to this fact](https://atlas-extractions.minestarters.com/news/alkane-delivers-record-q3-profit-of-93-million--94e92903-2023-4e14-882d-a368bd4c8cd4#fact-metallurgical-facts-8) Björkdal · gold #### Identity - Project: Björkdal - Commodity: gold - Ticker: ALK #### Test Work - Test Type: production\_data - Processing Route: mill\_route #### Recovery - Recovery: 90.43 % - Recovery Basis: actual\_test - Head Grade: 1.52 - Head Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Björkdal achieved a strong gold recovery of 90.43% in Q3 2026, a notable improvement from the previous quarter, indicating enhanced processing efficiency. - Positive factor: High gold recovery for a mill operation - Positive factor: Recovery improved significantly compared to Q2 2026 \(87.43%\) Evidence · table > 90.43 Context: 323,417 ### production\_data [Link to this fact](https://atlas-extractions.minestarters.com/news/alkane-delivers-record-q3-profit-of-93-million--94e92903-2023-4e14-882d-a368bd4c8cd4#fact-metallurgical-facts-11) Consolidated · gold #### Identity - Project: Consolidated - Commodity: gold - Ticker: ALK #### Test Work - Test Type: production\_data - Processing Route: mill\_route #### Recovery - Recovery: 91.38 % - Recovery Basis: actual\_test - Head Grade: 2.4 - Head Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Consolidated gold recovery improved to 91.38% in Q3 2026, reflecting efficient processing across the company's operations. - Positive factor: High consolidated gold recovery for a mill operation - Positive factor: Recovery improved compared to Q2 2026 \(90.40%\) Evidence · table > 91.38 Context: 674,011 ### production\_data [Link to this fact](https://atlas-extractions.minestarters.com/news/alkane-delivers-record-q3-profit-of-93-million--94e92903-2023-4e14-882d-a368bd4c8cd4#fact-metallurgical-facts-12) Consolidated · antimony #### Identity - Project: Consolidated - Commodity: antimony - Ticker: ALK #### Test Work - Test Type: production\_data - Processing Route: mill\_route #### Recovery - Recovery: 85.93 % - Recovery Basis: actual\_test - Head Grade: 1.21 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Consolidated antimony recovery was strong in Q3 2026, contributing to overall metal production. - Positive factor: Strong consolidated antimony recovery - Negative factor: Slight decrease in recovery compared to Q2 2026 \(86.77%\) Evidence · table > 85.93 Context: 674,011 ### production\_data [Link to this fact](https://atlas-extractions.minestarters.com/news/alkane-delivers-record-q3-profit-of-93-million--94e92903-2023-4e14-882d-a368bd4c8cd4#fact-metallurgical-facts-15) Tomingley · gold #### Identity - Project: Tomingley - Commodity: gold - Ticker: ALK #### Test Work - Test Type: production\_data - Processing Route: mill\_route #### Recovery - Recovery: 89.84 % - Recovery Basis: actual\_test - Head Grade: 2.5 - Head Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Tomingley achieved a high gold recovery of 89.84% in Q2 2026, indicating efficient processing. - Positive factor: High gold recovery for a mill operation Evidence · table > 89.84 Context: 318,851 ### production\_data [Link to this fact](https://atlas-extractions.minestarters.com/news/alkane-delivers-record-q3-profit-of-93-million--94e92903-2023-4e14-882d-a368bd4c8cd4#fact-metallurgical-facts-18) Costerfield · gold #### Identity - Project: Costerfield - Commodity: gold - Ticker: ALK #### Test Work - Test Type: production\_data - Processing Route: mill\_route #### Recovery - Recovery: 93.94 % - Recovery Basis: actual\_test - Head Grade: 10.44 - Head Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Costerfield maintained very high gold recovery rates in Q2 2026, demonstrating efficient processing. - Positive factor: Very high gold recovery for a mill operation Evidence · table > 93.94 Context: 34,732 ### production\_data [Link to this fact](https://atlas-extractions.minestarters.com/news/alkane-delivers-record-q3-profit-of-93-million--94e92903-2023-4e14-882d-a368bd4c8cd4#fact-metallurgical-facts-19) Costerfield · antimony #### Identity - Project: Costerfield - Commodity: antimony - Ticker: ALK #### Test Work - Test Type: production\_data - Processing Route: mill\_route #### Recovery - Recovery: 86.77 % - Recovery Basis: actual\_test - Head Grade: 0.91 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Costerfield achieved strong antimony recovery rates in Q2 2026, contributing to overall metal production. - Positive factor: Strong antimony recovery Evidence · table > 86.77 Context: 34,732 ### production\_data [Link to this fact](https://atlas-extractions.minestarters.com/news/alkane-delivers-record-q3-profit-of-93-million--94e92903-2023-4e14-882d-a368bd4c8cd4#fact-metallurgical-facts-22) Björkdal · gold #### Identity - Project: Björkdal - Commodity: gold - Ticker: ALK #### Test Work - Test Type: production\_data - Processing Route: mill\_route #### Recovery - Recovery: 87.43 % - Recovery Basis: actual\_test - Head Grade: 1.04 - Head Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Björkdal achieved a good gold recovery of 87.43% in Q2 2026, indicating efficient processing. - Positive factor: Good gold recovery for a mill operation Evidence · table > 87.43 Context: 329,652 ### production\_data [Link to this fact](https://atlas-extractions.minestarters.com/news/alkane-delivers-record-q3-profit-of-93-million--94e92903-2023-4e14-882d-a368bd4c8cd4#fact-metallurgical-facts-25) Consolidated · gold #### Identity - Project: Consolidated - Commodity: gold - Ticker: ALK #### Test Work - Test Type: production\_data - Processing Route: mill\_route #### Recovery - Recovery: 90.4 % - Recovery Basis: actual\_test - Head Grade: 2.2 - Head Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Consolidated gold recovery was high in Q2 2026, reflecting efficient processing across the company's operations. - Positive factor: High consolidated gold recovery for a mill operation Evidence · table > 90.40 Context: 683,235 ### production\_data [Link to this fact](https://atlas-extractions.minestarters.com/news/alkane-delivers-record-q3-profit-of-93-million--94e92903-2023-4e14-882d-a368bd4c8cd4#fact-metallurgical-facts-26) Consolidated · antimony #### Identity - Project: Consolidated - Commodity: antimony - Ticker: ALK #### Test Work - Test Type: production\_data - Processing Route: mill\_route #### Recovery - Recovery: 86.77 % - Recovery Basis: actual\_test - Head Grade: 0.91 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Consolidated antimony recovery was strong in Q2 2026, contributing to overall metal production. - Positive factor: Strong consolidated antimony recovery Evidence · table > 86.77 Context: 683,235 ### production\_data [Link to this fact](https://atlas-extractions.minestarters.com/news/alkane-delivers-record-q3-profit-of-93-million--94e92903-2023-4e14-882d-a368bd4c8cd4#fact-metallurgical-facts-29) Tomingley · gold #### Identity - Project: Tomingley - Commodity: gold - Ticker: ALK #### Test Work - Test Type: production\_data - Processing Route: mill\_route #### Recovery - Recovery: 85.78 % - Recovery Basis: actual\_test - Head Grade: 2.15 - Head Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Tomingley achieved a good gold recovery of 85.78% in Q1 2026, indicating efficient processing. - Positive factor: Good gold recovery for a mill operation Evidence · table > 85.78 Context: 314,970 ### production\_data [Link to this fact](https://atlas-extractions.minestarters.com/news/alkane-delivers-record-q3-profit-of-93-million--94e92903-2023-4e14-882d-a368bd4c8cd4#fact-metallurgical-facts-32) Costerfield · gold #### Identity - Project: Costerfield - Commodity: gold - Ticker: ALK #### Test Work - Test Type: production\_data - Processing Route: mill\_route #### Recovery - Recovery: 92.71 % - Recovery Basis: actual\_test - Head Grade: 8.48 - Head Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Costerfield maintained very high gold recovery rates in Q1 2026, demonstrating efficient processing. - Positive factor: Very high gold recovery for a mill operation Evidence · table > 92.71 Context: 22,671 ### production\_data [Link to this fact](https://atlas-extractions.minestarters.com/news/alkane-delivers-record-q3-profit-of-93-million--94e92903-2023-4e14-882d-a368bd4c8cd4#fact-metallurgical-facts-33) Costerfield · antimony #### Identity - Project: Costerfield - Commodity: antimony - Ticker: ALK #### Test Work - Test Type: production\_data - Processing Route: mill\_route #### Recovery - Recovery: 81.99 % - Recovery Basis: actual\_test - Head Grade: 0.68 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Costerfield achieved strong antimony recovery rates in Q1 2026, contributing to overall metal production. - Positive factor: Strong antimony recovery Evidence · table > 81.99 Context: 22,671 ### production\_data [Link to this fact](https://atlas-extractions.minestarters.com/news/alkane-delivers-record-q3-profit-of-93-million--94e92903-2023-4e14-882d-a368bd4c8cd4#fact-metallurgical-facts-36) Björkdal · gold #### Identity - Project: Björkdal - Commodity: gold - Ticker: ALK #### Test Work - Test Type: production\_data - Processing Route: mill\_route #### Recovery - Recovery: 85.56 % - Recovery Basis: actual\_test - Head Grade: 0.94 - Head Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Björkdal achieved a good gold recovery of 85.56% in Q1 2026, indicating efficient processing. - Positive factor: Good gold recovery for a mill operation Evidence · table > 85.56 Context: 233,789 ### production\_data [Link to this fact](https://atlas-extractions.minestarters.com/news/alkane-delivers-record-q3-profit-of-93-million--94e92903-2023-4e14-882d-a368bd4c8cd4#fact-metallurgical-facts-39) Consolidated · gold #### Identity - Project: Consolidated - Commodity: gold - Ticker: ALK #### Test Work - Test Type: production\_data - Processing Route: mill\_route #### Recovery - Recovery: 88.02 % - Recovery Basis: actual\_test - Head Grade: 1.91 - Head Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Consolidated gold recovery was good in Q1 2026, reflecting efficient processing across the company's operations. - Positive factor: Good consolidated gold recovery for a mill operation Evidence · table > 88.02 Context: 571,429 ### production\_data [Link to this fact](https://atlas-extractions.minestarters.com/news/alkane-delivers-record-q3-profit-of-93-million--94e92903-2023-4e14-882d-a368bd4c8cd4#fact-metallurgical-facts-40) Consolidated · antimony #### Identity - Project: Consolidated - Commodity: antimony - Ticker: ALK #### Test Work - Test Type: production\_data - Processing Route: mill\_route #### Recovery - Recovery: 81.99 % - Recovery Basis: actual\_test - Head Grade: 0.68 - Head Grade Unit: % #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-05-15T00:00:00.000Z Reasoning: Consolidated antimony recovery was consistent in Q1 2026, contributing to overall metal production. - Positive factor: Consistent consolidated antimony recovery Evidence · table > 81.99 Context: 571,429 ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.