Alphamin Resources, a Canada-JSE-listed company operating in the Democratic Republic of Congo (DRC), has reported significant growth in tin production and sales for the second quarter.The company achieved record earnings before interest, tax, depreciation, and amortisation (EBITDA) of $167 million, up 6% from the previous quarter.Tin production reached 5,013 tons, with 5,014 tons sold, aligning with annual targets of 20,000 tons.All-in sustained costs (AISC) rose to $19,043 per ton, while net cash fell by 35% to $90.67 million.The average tin price increased by 5% to $51,957 per ton.Despite challenges like lower processing recoveries and higher fuel costs, the company attributes its EBITDA growth to a 5% rise in tin prices.Drilling activities at Mpama North and South mines yielded mixed results, with some holes intersecting cassiterite mineralisation.The DRC’s Mpama sites are noted as among the world’s highest-grade tin deposits.The report highlights both operational achievements and ongoing challenges in sustaining production levels.
Original title: Tin production and sales soar at Alphamin Resources in the Democratic Republic of Congo
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