Loading…
Australian gold and antimony producer with mines in New South Wales, Victoria and Sweden, after the 2025 Mandalay merger.
Australian gold and antimony producer with mines in New South Wales, Victoria and Sweden, after the 2025 Mandalay merger.
Earns from gold poured at Tomingley and sold at the going price, so ounces and the gold price decide the year; Boda-Kaiser, a copper-gold find, is a long-term project and not yet a source of revenue. Merging with Mandalay Resources added the Costerfield mine, which also yields antimony, and the Bjorkdal mine in Sweden.
In one line: A regional NSW gold producer.
Moat: none. Commodity gold producer with no structural cost or scale advantage.
Headquarters: Perth, Australia · Founded: 1969 · Employees: 516
Size Alkane Resources (ALK.AX) is an Australia Materials company (Precious Metals) with a market value of $1.63B, the 137th largest of 316 Australia companies the cockpit tracks. Shares closed at A$1.73 on 6 Nov 2026.
Performance Over six months the shares gained 10.9%, against -13.2% for the median peer and +4.1% for the Australia market (cap-weighted) — 3rd highest of 19 in its peer set.
Growth Revenue grew 402.8% over the last twelve months (peer median +50.6%); the operating margin is 34.0% (peer median 31.3%).
Valuation It trades at 11.9× forward earnings against a peer median of 10.2× (5th most expensive of 11).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +49%, so the hurdle is -50 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 18.4 points above its cost of capital (13.5% WACC).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$936M | A$936M | A$262M | A$173M | A$191M |
| Revenue growth | — | +257% | +52% | -9% | — |
| Gross profit | A$339M | A$334M | A$51.6M | A$29.9M | A$64.5M |
| EBITDA | A$478M | A$478M | A$93.0M | A$60.3M | A$95.4M |
| Net income | A$229M | A$229M | A$33.0M | A$17.7M | A$42.5M |
| Free cash flow | A$318M | A$318M | A$13.9M | -A$63.1M | A$61.9M |
| Capital expenditure | A$174M | A$174M | A$75.6M | A$135M | A$91.8M |
| Total debt | A$15.1M | A$15.1M | A$59.3M | A$49.0M | A$13.5M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Alkane Resources ALK.AX | $1.63B | +11% | +403% | 34% | 11.9× | -1.2% |
| Catalyst Metals CYL.AX | $746M | -28% | +75% | 45% | 9.5× | -15.5% |
| Ora Banda Mining OBM.AX | $1.93B | +4% | +101% | 39% | 16.6× | 1.1% |
| Regis Resources RRL.AX | $3.49B | -3% | +43% | 43% | 8.5× | -9.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ALK.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.4% | -5.4% | 9th highest of 21 |
| 6-month return | +10.9% | -13.2% | 3rd highest of 19 |
| Distance from 52-week high | -14.4% | -35.2% | 2nd highest of 21 |
| Revenue growth (TTM) | +402.8% | +50.6% | 2nd highest of 15 |
| Operating margin | 34.0% | 31.3% | 8th highest of 15 |
| Forward P/E | 11.9× | 10.2× | 5th most expensive of 11 |
| Growth the price implies (Req g, 7 yrs) | -1.2% | -5.8% | 6th most demanding of 12 |
| Growth delivered (Del g) | +48.9% | +19.0% | 3rd highest of 12 |
| Hurdle (Req g minus delivered) | -50.1 pp | -17.6 pp | 4th least demanding of 12 |
| ROIC minus cost of capital | +18.4 pp | +3.5 pp | 6th highest of 18 |
| EV / EBITDA | 4.1× | 5.0× | 4th cheapest of 10 |
| Net debt / EBITDA | -0.9× | -0.0× | least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Alkane Resources ALK.AX | Australia | $1.63B | +11% | +403% | 34% | 11.9× | -1.2% | +48.9% |
| Beijing Xiaocheng Technology Stock 300139.SZ | China | $1.64B | -25% | +39% | 27% | n/a | 33.6% | +27.8% |
| Southern Cross Gold Consolidated SXGC.TO | Canada | $1.65B | -9% | n/a | n/a | n/a | n/a | n/a |
| Tongguan Gold 0340.HK | Hong Kong | $1.73B | -14% | +65% | 52% | 8.2× | -9.9% | +48.9% |
| Hycroft Mining HYMC | United States | $1.75B | -51% | n/a | n/a | n/a | n/a | n/a |
| Resolute Mining RSG.AX | Australia | $1.81B | -12% | +5% | 35% | 10.0× | -7.2% | +8.9% |
| Orezone Gold ORE.TO | Canada | $1.46B | +31% | +93% | 40% | 6.9× | -8.0% | +110.4% |
| Henan Yuguang Gold & Lead 600531.SS | China | $1.83B | -32% | +48% | 2% | n/a | 7.9% | +19.6% |
| Bellevue Gold BGL.AX | Australia | $1.46B | -16% | +14% | 5% | 13.3× | 41.2% | +13.9% |
| Sunshine Silver Mining & Refining SSMR | United States | $1.91B | n/a | +422% | -3,022% | n/a | n/a | n/a |
| Snowline Gold SGD.TO | Canada | $1.93B | -6% | n/a | n/a | n/a | n/a | n/a |
| Ora Banda Mining OBM.AX | Australia | $1.93B | +4% | +101% | 39% | 16.6× | 1.1% | +101.1% |
| Sinda SIND | United States | $1.95B | n/a | n/a | n/a | n/a | n/a | n/a |
| Silvercorp Metals SVM.TO | Canada | $1.99B | -31% | +59% | 56% | 12.9× | 4.7% | +19.0% |
| Mineros MSA.TO | Canada | $2.00B | +73% | +77% | 39% | 7.3× | -5.8% | +11.8% |
| DRDGOLD Ltd. Sponsored ADR DRD | United States | $2.00B | -16% | +53% | 51% | 8.1× | -16.4% | +14.1% |
| Perenti PRN.AX | Australia | $1.31B | -8% | -4% | 9% | 10.3× | -9.8% | +9.8% |
| AbraSilver Resource ABRA.TO | Canada | $1.30B | -37% | n/a | n/a | n/a | n/a | n/a |
| Sino-Platinum Metals 600459.SS | China | $2.06B | -17% | -27% | 2% | 19.0× | n/a | n/a |
| Minerals 260 MI6.AX | Australia | $1.29B | +1% | n/a | n/a | n/a | n/a | n/a |
| i-80 Gold IAU.TO | Canada | $1.24B | -2% | +38% | -103% | n/a | n/a | n/a |