Alphamin Making Strong Gains In Q3 Alphamin went debt free and net cash positive, increased production and recovery, reduced AISC, and sold more tin at a 20% increase in price to $33,704/ton.
For Q4, the average price through October and November for Tin is about $36,445/ton, an increase of $2,741 or 8.1% over Q3 and currently trading at an average of over $39,000/ton for the last two weeks.
EPS increased to $0.02.
With Tin prices continuing to rise, averaging over 39,000/ton for the last two weeks, increase in production, no debt carrying charges, reduced AISC, and aiming for Mpama South to come on production, Q4 should show another significant Q over Q improvement and considering a dividend return to shareholders.
