Australia's Alkane Resources hits 4-month high on share buyback, record annual profit
21/08/2026 03:53
BUZZ-Australia's Alkane Resources hits 4-month high on share buyback, record annual profit ** Shares of Alkane Resources ALK.AX rise as much as 4.2% to A$1.845, reaching their highest level since April 17
** Gold producer posts record full-year NPAT, a 592% y/y increase
** Declares first-ever fully franked dividend of 2 Australian cents/shr and approves an on-market share buyback of up to A$50 million ($35.68 million).
** Reiterates FY27 guidance released earlier for group gold equivalent production of 163-177 kozs gold equivalent ounces at an all-in sustaining cost of A$2,900 - A$3,200 per ounce.
** Stock last up 1.6%; YTD gain at 33.6%
($1 = 1.4013 Australian dollars)
(Reporting by Paridhi Minda in Bengaluru)
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