Alkane Resources (ASX:ALK) and Mandalay Resources (TSX:MND) have closed their previously reported merger, creating a dual-listed gold and antimony producer operating across premier mining jurisdictions in Australia and Europe.
The merged company operates projects in Victoria, New South Wales, Australia, and Sweden.
This news comes ahead of Alkane’s presentation today at 11.25am AWST at the Diggers & Dealers Mining Forum, held in Kalgoorlie, Western Australia. This year’s forum marks the 34th year of the event, in which Mining.com.au is again attending the event with Executive Producer Shae Russell on the ground.
In April 2025, both companies agreed to combine via a merger, creating a diversified gold and antimony producer. The merged company will have a combined robust balance sheet with a pro-forma cash balance of $218 million, to pursue organic and inorganic growth.
CEO Nic Earner says this merger represents a step forward for both companies.
“By combining our complementary portfolios, we have created a stronger, more resilient platform with the scale and financial flexibility to pursue long-term growth,” Earner says.
Mandalay former CEO Frazer Bourchier says with a diversified production base, broader exploration pipeline, and enhanced trading liquidity, the combined company is well positioned for a market re-rating.
The merged company established 160,000 ounces gold-equivalent ounces producer, as of FY2025, with the expectation to rise to over 180,000 ounces gold-equivalent in 2026.
Write to Aaliyah Rogan at Mining.com.au
Images: Alkane Resources
