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Alphamin Resources Corp V.AFM

Alternate Symbol(s):  AFMJF

Metals & Mining Industrial Metals & Minerals
Alphamin Resources Corp. is a Mauritius-based company, which is engaged in the production and sale of tin concentrate from the Bisie Tin mine in the Democratic Republic of the Congo (DRC). The Company sells its product to one customer, Gerald Metals SA. The Company’s Mpama South development project is adjacent to the producing Mpama North mine and comprises a new underground development portal, processing plant and associated equipment. The Company has developed and brought the Bisie Tin Mine project in production. The Company’s subsidiaries include Alphamin Bisie Mining SA, Alphamin South Africa (Pty) Limited, Alphamin Holdings (BVI) Ltd, and Alphamin Holdings (BVI) Ltd.


TSXV:AFM - Post by User

Alphamin Resources Corp > RECORD PRODUCTION VOLUMES
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Post by Betteryear2on Jan 11, 2022 4:41am
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Post# 34302526

RECORD PRODUCTION VOLUMES

RECORD PRODUCTION VOLUMES

MAURITIUS, Jan. 11, 2022 (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 December 2021:

  • Contained tin productionup 10% from the prior quarter to 3,114tons
  • Contained tin sales up 13% from the prior quarter to 3,056tons
  • Record Q4 EBITDA4 guidance of US$74m, up 38% from prior quarter actual
  • Net cash position increases to US$68m
  • FY2021 dividend of CAD$0.03 per share declared
https://www.globenewswire.com/news-release/2022/01/11/2364486/36579/en/ALPHAMIN-ANNOUNCES-RECORD-PRODUCTION-VOLUMES-Q4-2021-EBITDA-GUIDANCE-OF-US-74m-DECLARATION-OF-FY2021-DIVIDEND.html
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