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Maiden dividend: honing ESP for FY26

Alkane Resources Ltd’s Q426 quarterly activities report revealed record annual ounces produced, record mined ore tonnes, record mill throughput, record cash flow, likely record profit after tax, a gross margin in excess of 50% (Edison forecasts) and a maiden dividend of 2c/share, helping to cement the reputation of its management as both consistent executors and good assessors of risk. Less than a year after its merger with Mandalay, the company is undertaking a major investment programme to keep costs low, grow its resource and, ultimately, extend the lives of its operations. At the same time, it is seeking corporate expansion via an asset in either Australia, New Zealand, the US, Canada or Scandinavia that is within two years of production at a rate of c 70–120koz per year to which it can add value, prior to Boda-Kaiser coming to dominate the company. Edison Group

24 July 2026


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