Alphamin Resources Corp V.AFM

RECORD PRODUCTION VOLUMES

[Betteryear2]

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

[geezer21]

Nice.  Dividend to boot.

[geezer21]

With that hoard of money Alphamin will gear up expansion and production at an even faster pace. Strike while the iron is hot. Alphamin is at the top of the leader board on the TMX at the moment with over 2 million shares traded.