Edison Investment Research - Alphamin Resources Corp. (21L) Alphamin Resources - From alpha to omega

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Edison Investment Research

Alison Turner

Alphamin Resources - From alpha to omega

Alphamin announced record quarterly tin production of 4,917t (+22.1% quarter-on-quarter) in Q324 and EBITDA of US$91.6m (+68.8%) after the Mpama South mine completed its first full quarter of production at (or near) steady state. Alphamin’s consolidated annual financial statements and accompanying management discussion and analysis (MD&A) for FY24 will probably be released in early March. In the meantime, we are forecasting that EPS will continue to advance into FY25 and beyond under the influence of continued strength in the tin price and increasing efficiencies as both Mpama North and Mpama South develop (in particular) along strike.

15/11/2024 1 EN

Underlying

Alphamin Resources Corp.

Alphamin Resources is engaged in the business of locating, acquiring, exploring and, if warranted, developing mineral properties.

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MU0456S00006 Mauritius

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Alison Turner

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Alphamin Resources - From alpha to omega

ALPHAMIN FILES Q3 2024 FINANCIAL STATEMENTS AND MD&A

ALPHAMIN ANNOUNCES CAD$0.06 PER SHARE INTERIM FY2024 DIVIDEND/ RECORD QUARTERLY TIN PRODUCTION OF 4,917 TONNES/ Q3 EBITDA GUIDANCE OF US$91.5 MILLION

Apax Global Alpha - Transaction activity picked up in Q324

PVA TePla - Lower estimates after Q3 results

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