# Alkane Resources financial performance and leadership share

> Live situation record from CLSTR: https://clstr.news/situations/alkane-resources-financial-performance-and-leadership-share
> Updated: 2026-09-10T23:46:34.000Z. Sources: 13. Developments: 2.

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.

## Timeline

### 2026-09-10: Alkane Resources CEO sells $3.89 million in shares

Alkane 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.

4 sources. https://clstr.news/cluster/alkane-resources-ceo-sells-389-million-in-shares

### 2026-08-20: Alkane Resources reports record FY26 profit and declares maiden dividend

Alkane 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.

10 sources. https://clstr.news/cluster/hegh-autoliners-reports-increased-q2-revenue-despite-falling-profits

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Cite as: Alkane Resources financial performance and leadership share. CLSTR, https://clstr.news/situations/alkane-resources-financial-performance-and-leadership-share