BUZZ-Australia's Alkane Resources slides on lower FY25 production expectation

Reuters
07 Apr
BUZZ-Australia's Alkane Resources slides on lower FY25 production expectation

** Alkane Resources ALK.AX slides as much as 13.1% to A$0.564; marks biggest pct loss since June 21, 2022

** Stock on track for fifth consecutive session of losses

** Gold explorer expects production to be at lower end of FY25 forecast of 70,000oz-80,000oz for Tomingley Gold Project in New South Wales

** About 1.4 mln shares traded, 1.3x the 30-day avg

** ALK last down 6.2%, trimming YTD gains to 19.6%

(Reporting by Manasi Dasa in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10