- Alphamin Resources (AFM) has announced Q4 and FY 2021 results, including record Q4 EBITDA of US$74M
- Tin production is up 10 per cent from the prior quarter to 3,114 tons and sales increased by 13 per cent over the prior quarter
- The company reported record Q4 EBITDA of $US 74 million, up 38 per cent from the prior quarter
- Alphamin announced a maiden Mineral Resource estimate and a positive Preliminary Economic Assessment for Mpama South
- Alphamin Resources is engaged in the production and sale of tin concentrate in the Democratic Republic of Congo
- Alphamin Resources (AFM) is down 1.77 per cent trading at $1.11 per share at 12:45 pm EST
Alphamin Resources (AFM) has announced Q4 and FY 2021 results, including record Q4 EBITDA of US$74M.
Maritz Smith, CEO of Alphamin Resources sat down with Shoran Devi to discuss the results.
Highlights:
- Contained tin production up 10 per cent from the prior quarter to 3,114 tons
- Contained tin sales up 13 per cent from the prior quarter to 3,056 tons
- Tin price of US$38,432/ton in Q4
- Record Q4 EBITDA of US$74M up 38 per cent from prior quarter
- Net cash position increases to US$68m
- FY2021 dividend of C$0.03 per share declared and paid
On March 7, 2022, the company announced a maiden Mineral Resource estimate and a positive Preliminary Economic Assessment for Mpama South.
Alphamin Resources is engaged in the production and sale of tin concentrate in the Democratic Republic of Congo.
Alphamin Resources (AFM) is down 1.77 per cent trading at $1.11 per share as of 12:45 am EST.