Alkane Resources (ASX, TSX: ALK; US-OTC: ALKRY) wants to hold output steady from its new three-mine portfolio and pursue another merger or acquisition within 12 months, Managing Director and CEO Nic Earner said.
The Australian miner merged with Mandalay Resources last August, adding the Costerfield gold-antimony mine in Victoria and the Björkdal gold mine in Sweden to Tomingley in New South Wales. Alkane forecasts149,000-161,000 oz. gold and 750-850 tonnes antimony production this fiscal year ending June 30. It has A$246 million (US$173 million) in cash, bullion and liquid investments.
“Look for us doing another growth step,” Earner told The Northern Miner’s Western Editor, Henry Lazenby, early this month during the PDAC convention in Toronto. “We would very much like to make another merger or acquisition.”
At Tomingley, it is moving the Newell Highway and drilling beneath Roswell; at Costerfield, it is pushing True Blue and Ngambie to support antimony grades; and at Björkdal, it is trying to lift underground mining rates.
Watch the full interview below:
The preceding Joint Venture article and video are PROMOTED CONTENT sponsored by Alkane Resources and produced in co-operation with The Northern Miner. Visit: https://alkres.com for more information.
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