43m ago
Alkane posts FY26 net profit after tax of A$228.7 million, up 592%
Gold miner Alkane reported FY26 net profit after tax of A$228.7 million, up 592% year on year. The result was driven by a 140% jump in gold production to 168,337 ounces from the Tomingley, Costerfield and Björkdal mines, alongside an average realised gold price of A$5,664 per ounce. Revenue rose 257% from a year earlier. The company ended the year with A$454 million in cash, bullion and listed investments.
43m ago
1h ago
HKEX gold futures hit post-2018 delivery high with 145kg of physical settlement
HKEX gold futures recorded physical delivery of 145kg on Wednesday, more than double the previous 63kg record set in December 2018, marking the contract’s highest single-day tally since its 2018 launch. The contract was relaunched on July 6 with a market-wide waiver of the US$1 per-contract trading fee, and it has averaged 9,974 contracts a day with total trading value of US$1.35 billion. On the same day, the US Treasury said it would at least double the size of its liquidity-support buyback operations for long-dated bonds, and gold rose to about US$4,540 per ounce on Friday.
1h ago