ALK 0.93% 54.5¢ alkane resources limited

This was reported on the Motley Fool 27/9/16 Alkane Resources...

  1. 68 Posts.
    This was reported on the Motley Fool 27/9/16
    Alkane Resources Limited (ASX: ALK) saw its share price rise 9.1% to 48 cents, despite the spot gold price going nowhere overnight. Alkane produces gold from its Tomingley gold operation in NSW, but is also developing its Dubbo Zirconia project. The company recently reported all-in sustaining costs for the 2016 financial year of $1,256 an ounce, which is comparatively high to other Australian producers, although still allowing the company to produce a net profit of $4.7 million.
 
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