Alkane Delivers Profit After Tax of A$24.5 Million for FY2018 - Alkane Resources Ltd
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Alkane Delivers Profit After Tax of A$24.5 Million for FY2018

The profit before tax of A$31.3 million was the highest recorded by the company since 2012, the year in which the company sold its share of McPhillamys gold deposit.

The profit was largely driven by excellent production and cost performance at the Tomingley Gold Operation where full year guidance was met with 78,533 ounces of gold produced at an all in sustaining cost (AISC) of A$1,002 per ounce.

As at 30 June 2018 the company’s cash and bullion position totalled A$80.0 million, with A$72.0 million in cash and bullion on hand at fair value of A$8.0 million.

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