0123 GMT - Alkane Resources posts a solid 3Q result, with a minor beat to MA Financial's expectations, owing mostly to better production at the Bjorkdal mine, analyst Paul Hissey says. Increased realized prices for gold and antimony likely contributed to a higher cash balance of A$328 million versus MA's forecast of A$300 million, he says. Lower operating costs may have also contributed, Hissey adds. "The reiteration of guidance suggests confidence that the assets are well placed to close out the FY," he says, noting that only about 37,000 oz of gold is needed in 4Q to meet the bottom end of production guidance. MA reiterates a buy rating. Its target price is A$2.25/share. The stock is up 3.5% at A$1.78. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

April 08, 2026 21:23 ET (01:23 GMT)

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