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[SITUATION] · [QUIET] · [BUSINESS]
2 clusters · 13 sources · 22 days · First seen · Last updated
Alkane Resources financial performance and leadership share
Overview
Alkane Resources reported record financial results for the 2026 fiscal year, following a merger with Mandalay Resources Corporation. The company achieved a net profit after tax of A$228.7 million, a 592% increase from the previous year, and revenue of A$935.8 million. This growth was attributed to record gold production and higher realized gold prices. Consequently, the company declared its first fully franked final dividend and approved a share buy-back program of up to $50 million.
Following these results, Managing Director and CEO Nicholas Earner sold 2 million shares, valued at approximately $3.89 million, to meet personal tax obligations and other commitments. This sale, the CEO’s first since 2020, coincided with a decline of over 4% in Alkane Resources Ltd shares during a period of broader volatility for mining stocks on the Australian Securities Exchange.
Entities
Timeline
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17 days ago
[BUSINESS] 4 sourcesAlkane Resources CEO sells $3.89 million in sharesAlkane Resources CEO Nicholas Earner sold 2 million shares worth approximately $3.89 million to meet personal tax obligations, amid broader volatility for mining stocks on the ASX.
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about 1 month ago
[BUSINESS] 10 sourcesAlkane Resources reports record FY26 profit and declares maiden dividendAlkane Resources reported record FY26 net profit of A$228.7 million following its merger with Mandalay Resources, leading to its maiden dividend and a $50 million share buy-back.
Sources
bairdmaritime.com · fool.com.au · getfitguy.com · mommygearest.com · otravel.com · pressreach.com · propmodo.com · seekingalpha.com · stockhead.com.au · stocknews.com · stocktitan.net · thebusinesstimes.co.uk · tronweekly.com