ASX:ALKMetals and Mining
Why Alkane Resources (ASX:ALK) Is Up 24.1% After Record Profits, Buyback And New Gold Find
Alkane Resources has reported discovery of a new high-grade gold‑antimony zone at the Cuffley Lode and strong Sub‑KC drilling results at Costerfield, alongside record FY26 revenue of A$935.82 million and net income of A$228.72 million.
The company has paired these outcomes with its maiden fully franked 2.0 cent dividend, a buyback of up to 50,000,000 shares, and two new independent non-executive directors, signalling a shift toward capital returns and board expansion.
We’ll now explore how...