reports
ALPHAMIN PROVIDES Q1 2025 AND CURRENT OPERATIONAL UPDATE
ALPHAMIN PROVIDES Q1 2025 AND CURRENT OPERATIONAL UPDATE GRAND BAIE, MAURITIUS, April 17, 2025 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”) is pleased to provide an operational update as follows: Q1 2025 contained tin production of 4,270 tonnes until operations ceased on 13 March 2025 (Q4 2024: 5,237 tonnes)Q1 2025 EBITDA2,3 guidance of US$62m (Q4 2024 actual: US$76m)FY2025 contained tin production guidance revised to 17,500 tonnes due to security-related production interruption (previously 20,000 tonnes)Phased resumption of tin prod...
ALPHAMIN ANNOUNCES DECISION TO RESUME MINING OPERATIONS
ALPHAMIN ANNOUNCES DECISION TO RESUME MINING OPERATIONS GRAND BAIE, MAURITIUS, April 09, 2025 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX) (the “Company”) is pleased to announce that it is initiating a phased resumption of operations at the Company’s Bisie tin mine in Walikale District, North Kivu Province of east-central Democratic Republic of the Congo (DRC). This decision was made after the withdrawal of insurgents eastward from the town of Walikale towards the towns of Nyabiondo and Masisi, more than 130 kms to the east of the Company’s mine site. The Company ...
ALPHAMIN TEMPORARILY CEASES MINING OPERATIONS
ALPHAMIN TEMPORARILY CEASES MINING OPERATIONS GRAND BAIE, MAURITIUS, March 13, 2025 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX) (the “Company”) announced today that its board of directors has made the difficult decision to temporarily cease mining operations at the Company’s Bisie tin mine in Walikale District, North Kivu Province of east-central Democratic Republic of the Congo (DRC). This decision was made after insurgent militant groups have recently advanced westward in the direction of the mine’s location in the DRC occupying the towns of Nyabiondo on 9 Marc...
REGIONAL SECURITY
REGIONAL SECURITY GRAND BAIE, MAURITIUS, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX) (the “Company”) notes recent news reports that insurgents have further continued their advance and seized the city of Bukavu, the second largest city in eastern Democratic Republic of the Congo (DRC), following its seizure of the city of Goma in late January. The Company’s mine is located in a remote area and, at this time the Company continues to operate within guidance parameters. As a result of the continued advance of the insurgents, the operating risk profile o...
ALPHAMIN ANNOUNCES RECORD FY2024 AND Q4 2024 TIN PRODUCTION FY2025 PRO...
ALPHAMIN ANNOUNCES RECORD FY2024 AND Q4 2024 TIN PRODUCTION FY2025 PRODUCTION GUIDANCE EXPLORATION SUCCESS GRAND BAIE, MAURITIUS, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”) is pleased to provide the following update for the year and quarter ended 31 December 2024: FY2024 tin production of 17,324 tonnes, up 38% from the prior yearQ4 tin production of 5,237 tonnes (Q3: 4,917 tonnes)FY2024 EBITDA2,3 guidance of US$274m, an estimated increase of 102% from actual FY2023Positive exploration results at Mpama North and Sout...
ALPHAMIN ANNOUNCES AWARD OF STOCK OPTIONS AND SAR EQUIVALENT SHARES
ALPHAMIN ANNOUNCES AWARD OF STOCK OPTIONS AND SAR EQUIVALENT SHARES GRAND BAIE, MAURITIUS, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (TSXV: AFM, JSE AltX: APH, “Alphamin” or “the Company”) announced today that, subject to regulatory approval, it has awarded stock options and SAR Equivalent Shares pursuant to its Omnibus Incentive Plan. The Company has granted stock options to acquire an aggregate of 2,400,000 common shares to employees of an Alphamin subsidiary, with each option exercisable for a seven year term to acquire one common share at a price of C$1.10 per share. ...
- 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 influen...
ALPHAMIN FILES Q3 2024 FINANCIAL STATEMENTS AND MD&A
ALPHAMIN FILES Q3 2024 FINANCIAL STATEMENTS AND MD&A Grand Baie, MAURITIUS, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”) announced today the filing of its unaudited condensed consolidated financial statements and accompanying Management’s Discussion and Analysis (“MD&A”) for the quarter ended 30 September 2024 on SEDAR+ at . EBITDA and AISC for the quarter are in line with guidance announced on 3 October 2024. Highlights: Interim FY2024 dividend increased to CAD$0.06 per share (previously CAD$0.03 per share) and pa...
ALPHAMIN ANNOUNCES CAD$0.06 PER SHARE INTERIM FY2024 DIVIDEND/ RECORD ...
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 Grand Baie, MAURITIUS, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”), is pleased to announce the declaration of an interim FY2024 dividend and provide an operational update for the quarter ended September 2024: Interim FY2024 dividend increased to CAD$0.06 per share (previously CAD$0.03 per share)Record quarterly tin production of 4,917 tonnes, up 22% from the prior quarter...
ALPHAMIN FILES Q2 FINANCIAL STATEMENTS AND MD&A, PROVIDES EXPLORATION ...
ALPHAMIN FILES Q2 FINANCIAL STATEMENTS AND MD&A, PROVIDES EXPLORATION UPDATE AND ANNOUNCES THE TIMING OF SEMI-ANNUAL DIVIDENDS GRAND BAIE, MAURITIUS, Aug. 23, 2024 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”) announced today the filing of its unaudited consolidated financial statements and accompanying Management’s Discussion and Analysis for the quarter ended 30 June 2024 on SEDAR+ at , an exploration update and the timing of dividends. Exploration Update Following completion of the Bisie mine expansion, the Company intends to comm...
ALPHAMIN ANNOUNCES RECORD Q2 TIN PRODUCTION OF 4,027 TONNES, UP 28%
ALPHAMIN ANNOUNCES RECORD Q2 TIN PRODUCTION OF 4,027 TONNES, UP 28% GRAND BAIE, MAURITIUS, July 10, 2024 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”), is pleased to provide the following update for the quarter ended June 2024: Record tin production of 4,027 tonnes, up 28% from the prior quarterTin sales of 3,245 tonnes, with increased tin stocks from the expansion expected to clear in Q3EBITDA3 guidance of US$54,2m, up 4% from the prior quarter Operational and Financial Summary for the Quarter ended June 20241 ___________________...
ALPHAMIN ANNOUNCES MPAMA SOUTH PRODUCTION MILESTONE
ALPHAMIN ANNOUNCES MPAMA SOUTH PRODUCTION MILESTONE GRAND BAIE, MAURITIUS, May 27, 2024 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”) is pleased to announce a major milestone at Mpama South. The new Mpama South processing facility has been producing tin concentrate to sales specification since 14 May 2024. The tin grade of the feed ore was increased from 17 May 2024 following which the focus has been on achieving consistent throughput and producing to targeted processing recoveries. The processing facility has produced 159 tonnes of...
ALPHAMIN FILES Q1 FINANCIAL STATEMENTS AND MD&A AND PROVIDES MPAMA SOU...
ALPHAMIN FILES Q1 FINANCIAL STATEMENTS AND MD&A AND PROVIDES MPAMA SOUTH COMMISSIONING UPDATE GRAND BAIE, MAURITIUS, April 29, 2024 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”) announced today the filing of its unaudited consolidated financial statements and accompanying Management’s Discussion and Analysis for the first quarter ended 31 March 2024 on SEDAR+ at and an update on the Mpama South plant commissioning. Tin concentrate production from the new Mpama South plant is imminent with first ore having been successfully introduced...
ALPHAMIN DECLARES FINAL FY2023 DIVIDEND
ALPHAMIN DECLARES FINAL FY2023 DIVIDEND GRAND BAIE, MAURITIUS, April 26, 2024 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”) announced today that its Board of Directors has declared a Final FY2023 cash dividend of CAD$0.03 per share on the common shares (approximately US$27.9 million in the aggregate) (the “Dividend”). The Dividend will be payable on 24 May, 2024 to shareholders of record as of the close of business on 17 May, 2024. _________________________________________________________________________________________ FOR MORE INFO...
ALPHAMIN ANNOUNCES Q1 EBITDA GUIDANCE OF US$52 MILLION/ MPAMA SOUTH CO...
ALPHAMIN ANNOUNCES Q1 EBITDA GUIDANCE OF US$52 MILLION/ MPAMA SOUTH COMMISSIONING UPDATE GRAND BAIE, MAURITIUS, April 09, 2024 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”), a producer of 4% of the world’s mined tin1 from its high grade operation in the Democratic Republic of Congo, is pleased to provide the following update for the quarter ended March 2024: EBITDA4 guidance of US$52m, up 156% from the prior quarterTin sales of 4,126 tonnes, up 102% due to delayed sales the previous quarter Tin production of 3,142 tonnesMpama South co...
ALPHAMIN ANNOUNCES AWARD OF STOCK OPTIONS AND SAR EQUIVALENT SHARES
ALPHAMIN ANNOUNCES AWARD OF STOCK OPTIONS AND SAR EQUIVALENT SHARES GRAND BAIE, MAURITIUS, March 14, 2024 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (TSXV: AFM, JSE AltX: APH, “Alphamin” or “the Company”) announced today that, subject to regulatory approval, it has awarded stock options and SAR Equivalent Shares pursuant to its Omnibus Incentive Plan. The Company has granted stock options to acquire an aggregate of 5,900,000 common shares to employees and directors of an Alphamin subsidiary, with each option exercisable for a seven year term to acquire one common share at a price of C$0...
ALPHAMIN ANNOUNCES RECORD ANNUAL TIN PRODUCTION / EBITDA AND AISC GUID...
ALPHAMIN ANNOUNCES RECORD ANNUAL TIN PRODUCTION / EBITDA AND AISC GUIDANCE / US$50 MILLION TIN PREPAYMENT ARRANGEMENT SECURED Grand Baie, MAURITIUS, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”), a producer of 4% of the world’s mined tin1 from its high grade operation in the Democratic Republic of Congo, is pleased to provide the following update for the year and quarter ended December 2023: FY2023 tin production of 12,568 tonnes, up 1% from the prior yearQ4 tin production of 3,126 tonnesQ4 tin sales of 2,046 tonne...
ALPHAMIN PROVIDES UPDATE ON IMPACT OF THE ROAD CONDITIONS; REVISES GUI...
ALPHAMIN PROVIDES UPDATE ON IMPACT OF THE ROAD CONDITIONS; REVISES GUIDANCE Grand Baie, MAURITIUS, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”), a producer of 4% of the world’s mined tin from its high grade operation in the Democratic Republic of Congo, wishes to update shareholders and other market participants regarding the road conditions and the impact it has on Q4 2023 tin concentrate sales and the timing of the commissioning of the Mpama South plant. As reported on 16 November 2023, poor road conditions resultin...
ALPHAMIN ANNOUNCES Q3 OPERATIONAL AND FINANCIAL UPDATE/ MPAMA SOUTH DE...
ALPHAMIN ANNOUNCES Q3 OPERATIONAL AND FINANCIAL UPDATE/ MPAMA SOUTH DEVELOPMENT PROGRESS Grand Baie, MAURITIUS, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”), a producer of 4% of the world’s mined tin1 from its high grade operation in the Democratic Republic of Congo, is pleased to provide the following update for the quarter ended September 2023: Tin production of 3,104 tonnes for the quarter, in line with the previous quarterQ3 2023 EBITDA3,4 guidance of US$38.3m, up 8% from the previous quarterMpama South development ...
- Alison Turner
Alphamin Resources - Still leading the pack
Alphamin Resources (AFM) offers rare exposure to a metal (tin) that both Rio Tinto and the MIT regard as the most likely to benefit from the electrification of the world economy. Having successfully ramped up its Mpama North mine at Bisie in the Democratic Republic of the Congo in 2019–20, when the tin price was enjoying one of its biggest bull markets in decades, AFM is now in a net cash position and is paying dividends at the same time as developing a second mine (Mpama South).
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