In Q3 Alphamin went debt free, 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.
EPS increased to $0.02.
With Tin prices continuing to rise, currently at $39,048/ton as of this writing, increase in production, no debt carrying charges, reduced AISC, and aiming for Mpama South to come on production, Q4 should show another significant Q/Q improvement.
