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.

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Alphamin Resources Corp.

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Post by geezer21on Nov 23, 2021 12:56pm

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Post# 34157724

Improving Metrics on all Fronts

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, to date, the average price through October and November for Tin is $35,500/ton, an increase of $1,796 or 5.3% over Q3.

EPS increased to $0.02.

With Tin prices continuing to rise, currently at $38,898, 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.