Alphamin Resources Corp. , a producer of 4% of the world's mined tin1 from its high-grade operation in the Democratic Republic of Congo, is pleased to announce an updated Mpama South Mineral Resource estimate and the decision to commence with the development of the Mpama South mine and processing plant. HIGHLIGHTS Mpama South updated Inferred Resource up 75% to 3.42Mt based on assays from 22 additional drillholes. Mpama [...]
Alphamin Resources Corp. , a producer of 4% of the world's mined tin1 from its high-grade operation in the Democratic Republic of Congo, is pleased to announce drill results from its Bisie Tin Complex. HIGHLIGHTS Mpama South high-grade assay results2 received, including: BGH095: 22.7 metres @ 3.12% Sn from 391.6 metres, including 7.7 metres @ 4.73% Sn from 391.6 metres and 6.1 metres @ 4.94% Sn from 405.9 metres; BGH088 [...]
Alphamin Resources Corp. , 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 production up 10% from the prior quarter to 3,114 tons Contained tin sales up 13% from the prior quarter to 3,056 tons Record Q4 EBITDA3 of US$74m, up 38% from prior quarter actual Net cash3 [...]
Alphamin Resources Corp. , a producer of 4% of the world's mined tin2 from its high-grade operation in the Democratic Republic of Congo, is pleased to announce a Mineral Resource estimate and a positive Preliminary Economic Assessment for Mpama South. HIGHLIGHTS Maiden Mineral Resource declared on Mpama South, making it the second highest grade publicly reported CRIRSCO tin Mineral Resource globally1 and one of the [...]
Alphamin Resources Corp. , a producer of 4% of the world's mined tin1 from its high-grade operation in the Democratic Republic of Congo, is pleased to announce drill results from its Bisie Tin Complex. HIGHLIGHTS Mpama South high-grade assay results2 received, including BGH079 which is the best drillhole assayed to date at Mpama South by contained tin: BGH079: 15.6 metres @ 5.00% Sn from 290.2 metres, including 10.0 [...]
Alphamin Resources Corp. is pleased to provide the following update for the quarter ended December 2021: Contained tin production up 10% from the prior quarter to 3,114 tons Contained tin sales up 13% from the prior quarter to 3,056 tons 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 Operational and Financial [...]
Alphamin Resources Corp. is pleased to announce that its 84,14% owned operating subsidiary, Alphamin Bisie Mining SA, has completed a distribution to shareholders of US$35m. The Company has received approximately US$29.5m of this distribution. In addition, as a result of recent exercises of share purchase warrants issued by the Company in April 2019 and which expire on April 8, 2022, the Company has now received aggregate [...]
Alphamin Resources Corp. has released its unaudited consolidated financial statements and accompanying Management's Discussion and Analysis for the quarter ended September 2021: Record Q3 EBITDA of US$53,7m, up 58% from prior quarter Contained tin production up 17% from the prior quarter to 2,832 tons Net debt-free at 30 September 2021 Initiates strategic review to maximize shareholder value Operational and Financial [...]
Alphamin Resources Corp. is pleased to announce drilling progress at its Mpama North mine and Mpama South deposit. HIGHLIGHTS Strike extension to the operating Mpama North mine identified from significant visual cassiterite drilling intercepts Further Mpama South high-grade assay results2 received, which include: BGH075: 14.4 metres @ 3.2% Sn from 115.4 metres BGH074: 18.4 metres @ 2.2% Sn from 278.9 metres BGH066: 2.6 [...]
Alphamin Resources Corp. is pleased to provide the following operational and exploration update for the quarter ended September 2021: Record Q3 EBITDA guidance of US$53m, up 56% from prior quarter Contained tin production up 17% from the prior quarter to 2,832 tons Net debt-free at 30 September 2021 Mpama South drilling continues to intercept significant visual mineralisation Operational and Financial Summary for the [...]
Alphamin Resources Corp. announced today that, subject to regulatory approval, it has granted stock options to acquire an aggregate of 4,000,000 common shares to directors and employees of Alphamin's subsidiaries under its stock option plan. Each option is exercisable for a seven year term to acquire one common share at a price of C$0.78 per share. The options granted vest over differing periods of between fifteen months [...]
Alphamin Resources Corp. 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 Fine tin recovery plant fully commissioned and producing from 26 June 2021 Mpama South phase [...]
