A metallic alloy having at least two metallic constituents is produced by first furnishing at least two non-oxide compounds, wherein the non-oxide compounds collectively comprise each of the metallic constituents, and wherein each of the non-oxide compounds is soluble in a mutual solvent. The method further includes dissolving the non-oxide compounds in the mutual solvent to produce a solution containing the metallic constituents, thereafter heating the solution to remove the mutual solvent and oxidize the metallic constituents to produce a mixed metallic oxide, thereafter cooling the mixed metallic oxide to form a substantially homogeneous mixed metallic oxide solid mass, and thereafter chemically reducing the mixed metallic oxide solid mass to produce a metallic alloy. The metallic alloy may be consolidated or otherwise processed.