TSXV:AFM - Post Discussion
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Betteryear2 on Aug 06, 2021 8:52am
Q2 2021 EBITDA of US$34,1m at a Tin Price of US$28,308/t
GRAND BAIE, Mauritius, Aug. 06, 2021 (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, has released its unaudited consolidated financial statements and accompanying Management’s Discussion and Analysis for the three and six months ended June 30, 2021:
- Q2 EBITDA of $34,1m, at a tin price of $28,308/t versus current of $34,700/t
- Net Debt reduced to $29,5m
- Contained tin production of 2,412 tons (11% below prior guidance and 8% below the prior quarter)
- Fine tin recovery plant fully commissioned and producing from 26 June 2021
- Mpama South phase 3 drilling progressing to plan with high-grade intercepts previously announced
- Mpama North Deeps drilling commenced with additional rigs under mobilisation to accelerate drilling campaign
https://www.globenewswire.com/news-release/2021/08/06/2276476/36579/en/Alphamin-Announces-Q2-2021-EBITDA-of-US-34-1m-at-a-Tin-Price-of-US-28-308-t-Current-US-34-700-t.html
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