Alphamin Resources Corp. is pleased to provide the following updates regarding its operational initiatives and ownership level of its flagship Bisie tin mine in the Democratic Republic of the Congo. Alphamin to increase ownership of its Bisie tin mine In connection with Alphamin’s equity offering concluded in May 2020, Alphamin settled certain [...]
Alphamin Resources Corp. is pleased to provide the following production and EBITDA update for the quarter ended June 2020: Tin production up 29% to 2,739 tons versus previous quarter AISC per ton of tin sold down 13% to US$10,849 versus previous quarter EBITDA of US$12,9 million Q3 2020 production guidance of 2,600 - 2,800 tons contained tin [...]
Alphamin Resources Corp. announced today that, subject to regulatory approval, it has granted stock options to acquire an aggregate of 9,880,000 common shares to directors, officers and employees of Alphamin and its subsidiaries under its stock option plan. Each option is exercisable for a seven year period to acquire one common share at a price of [...]
Alphamin Resources Corp. is pleased to announce that it has completed its previously announced offering of common shares pursuant to which an aggregate of 312,319,539 common shares were issued . The Company issued for cash on a non-brokered private placement basis 100,819,541 common shares at a price of C$0.14 for gross proceeds of approximately [...]
Further to the press release of Alphamin Resources Corp. dated April 28, 2020, the Company is pleased to announce that the 2019 annual filings have now been completed. The filings include the Company's annual audited consolidated financial statements for the twelve months ended December 31, 2019 and related Management Discussion & Analysis. The [...]
Alphamin Resources Corp. announced that it has been informed by its auditors that due to their additional risk assessment requirements related to the uncertainty created by the COVID-19 pandemic and their limitations on people movement, they are required to perform a further COVID-19 specific risk assessment on the Company and that they will not be [...]
Alphamin Resources Corp. is pleased to announce: A proposed non-brokered private placement of up to US$35m at C$0.14 per share as a prepayment against US$98m of senior secured debt Agreement in principle for: up to 31% reduction in debt resulting in significantly reduced interest rates on the outstanding balance, improved debt covenants and debt [...]
Alphamin Resources Corp. is pleased to provide the following production update for the most recent quarter ended March 2020: Contained tin production of 2,119 tons – at mid point of previous guidance range Processing recoveries of 71% - in line with target Plant throughput up 19% Q2 2020 production guidance of 2,400 - 2,600 tons contained tin [...]
Alphamin Resources Corp. is pleased to announce that it’s 80.75% subsidiary, Alphamin Bisie Mining SA , has exercised its previously announced option with senior lenders to defer debt capital repayments. As announced on 16 October 2019, the Company’s lender consortium granted an option to ABM to elect to amend quarterly debt capital [...]
Alphamin Resources Corp. wishes to highlight some of the key technical results of its newly filed updated NI 43-101 technical report for the Bisie Tin mine located in the Democratic Republic of Congo. The results include an improved Life of Mine profile and changes in Mineral Reserves and Resources. Updated Mineral Resources: Mineral Resources were [...]
Alphamin Resources Corp. is pleased to announce that, further to its news release of February 3, 2020, the Company has filed a report in accordance with the requirements of the National Instrument 43-101 , “Standards of Disclosure for Mineral Projects”, of the Canadian Securities Administrators and has lodged the said report on the [...]
Alphamin Resources Corp. is pleased to provide the following operational update for the quarter ended December 2019: Bridge repair completed and officially opened on 25 January 2020 Q4 2019 Tin production of 2,235 tons – at the upper end of our guidance range AISC per ton of tin produced at US$12,426, in line with previous guidance and [...]