https://www.miningweekly.com
Exploration|Financial|Resources|Drilling
Exploration|Financial|Resources|Drilling
exploration|financial|resources|drilling

Alphamin reports 32% q/q increase in Ebitda

13th May 2022

By: Darren Parker

Creamer Media Contributing Editor Online

     

Font size: - +

JSE-listed tin miner Alphamin Resources has reported $98.1-million in earnings before interest, taxes, depreciation and amortisation (Ebitda) for the quarter ended March.

This reflected a 32% increase from the previous quarter.

Contained tin sold increased by  9% quarter-on-quarter to 3 336 t, while a record plant recovery rate of 78% was achieved, compared with 75% in the previous quarter.

The company’s net cash position also improved by 90% to $129.8-million, after a $30-million dividend payment.

The company said on May 13 that exploration activity continued to be a focus area, with expansionary and infill drilling expenditure of about $20-million planned for the current financial year.

Alphamin said about 85% of completed drill holes had intercepted visual tin mineralisation.

In late March, Alphamin announced an updated mineral resource for Mpama South at its Bisie tin complex, in the Democratic Republic of Congo, along with the decision to start with mine development at Mpama South.

Mpama South’s development is expected to increase yearly contained tin production from the current 12 000 t/y to about 20 000 t/y.

First tin production from Mpama South is targeted for December 2023.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.131 0.171s - 108pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: