Alphamin’s Mpama South extension of the Bisie tin mine, in Democratic of Congo
Canada and JSE-listed Alphamin Resources Corporation said it would likely achieve record earnings before interest, tax, depreciation, and amortisation (EBITDA) of $167 million in the second quarter to June 30, up 6% from the prior quarter.
Tin production came to 5,013 tons, and 5,014 tons of tin was sold through the three-month period. All-in sustained costs (AISC) were expected to increase 6% to $19,043 per ton. Net cash fell by 35% to $90,67m.
The average tin price achieved increased 5% to $51,957 per ton.
Alphamin indirectly owns 84.14% of its operating subsidiary, to which the information pertains. Mpama North and Mpama South in the Democratic Republic of Congo are claimed to be the world’s highest-grade tin mines.
