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Tin production and sales soar at Alphamin Resources in the Democratic Republic of Congo
ZA💼 Business5 hr. ago

Tin production and sales soar at Alphamin Resources in the Democratic Republic of Congo

Alphamin Resources, a Canadian and Johannesburg Stock Exchange-listed company, reported significant growth in its tin production and sales during the second quarter ending June 30. The company expects record EBITDA of $167 million, a 6% increase from the previous quarter, driven primarily by a 5% rise in tin prices. Production reached 5,013 tons of contained tin, aligning with annual targets, while sales hit 5,014 tons, marking the first time the company achieved a four-quarter rolling total of 20,000 tons. However, all-in sustained costs (AISC) rose 6% to $19,043 per ton due to increased off-mine expenses such as royalties, export duties, and marketing commissions, along with higher on-mine operating costs linked to rising fuel prices. Drilling activities at Mpama North and South mines yielded mixed results, with some holes encountering visible cassiterite mineralization.

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IOL (Independent Online) logoIOL (Independent Online)Party-alignedCenter5 hr. ago
Tin production and sales soar at Alphamin Resources in the Democratic Republic of Congo

Alphamin Resources, a Canadian and Johannesburg Stock Exchange-listed company, reported significant growth in its tin production and sales during the second quarter ending June 30. The company expects record EBITDA of $167 million, a 6% increase from the previous quarter, driven primarily by a 5% rise in tin prices. Production reached 5,013 tons of contained tin, aligning with annual targets, while sales hit 5,014 tons, marking the first time the company achieved a four-quarter rolling total of 20,000 tons. However, all-in sustained costs (AISC) rose 6% to $19,043 per ton due to increased off-mine expenses such as royalties, export duties, and marketing commissions, along with higher on-mine operating costs linked to rising fuel prices. Drilling activities at Mpama North and South mines yielded mixed results, with some holes encountering visible cassiterite mineralization.

Bias read (Center): The article focuses on financial performance and operational metrics of a mining company, including production figures, sales data, cost structures, and drilling outcomes. There is no mention of political entities, policies, or contentious issues. The content remains strictly economic and industrial

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