Alkane delivers profit after tax of A$42.5 million in FY23; gold production up

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A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.

- Australian gold miner Alkane Resources announced on Thursday that in the financial year ended 30 June 2023 , the company produced 70,253 ounces of gold, up 5.2% from the previous year.

In a statement, Alkane said that the company's prior year profit after tax was driven by the change in Genesis Minerals accounting treatment resulting in one‐off derecognition gain of A$48.3M.

 

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