Australian is the world's biggest free online database of information on Australian resource companies.

This website has up-to-date details on over 1000 separate listed and unlisted organisations, including what they mine (or explore) for, how much of any given resource they have in the ground, or in reserve, the location of their operations, corporate details, news, links and history. Find out more

Australian Shares

Australian Shares Sparty's Blog

Comments on this blog should never be taken as investment advice

Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. Sparty's posts nearly always relate to companies that he either holds, has held or intends to hold.

Main ForumAlkane Resources’ gold sales surpass A$100M from Tomingley in FY15

  • Alkane Resources’ gold sales surpass A$100M from Tomingley in FY15

    July 30th, 2015

    Alkane Resources (ASX:ALK) production from the Tomingley Gold Operations held steady during the June 2015 quarter, helping full year production to reach 69,612 ounces – which is within the annual guidance of 65,000 – 75,000 ounces.

    Full year sales of 70,734 ounces provided revenues of $101.9 million at an average price of A$1,441/ounce, as at end of June 2015.

    Cash flow for the June quarter after site operating expenses and development expenditure was negative A$0.5 million, but delivered an impressive positive $23.7 million for the full year.

    Total operating costs for the year were higher than anticipated at A$1,249 an ounce.

    Adding interest the recent fall in the Australian dollar has gold trading in excess of A$1500 an ounce during July, therefore providing an additional margin of up to A$100 an ounce for the start of FY16 over the average for FY15. Read full article

  • While gold is not Alkanes main game you have to love the way they do things.

Want to take part in this discussion? Click one of these: Sign In Apply for Membership

Australian Shares Forum Options


Howdy, Stranger!

It looks like you're new here. If you want to take part in the discussions, click one of these buttons!

Sign In Apply for Membership