TSX-V- and AltX-listed Alphamin Resources produced 3 180 t of contained tin from its Mpama North mine in the Democratic Republic of Congo in the second quarter – a new record and 4% higher than production in the first quarter.
The company reported on July 26 that year-to-date contained tin production of 6 241 t exceeded the run-rate to achieve market guidance of 12 000 t for the year ending December 31.
The tin miner expects production for the third quarter to reach 3 000 t.
Meanwhile, all-on sustaining costs decreased by 7% quarter-on-quarter to $14 677/t for the second quarter.
Alphamin reported earnings before interest, taxes, depreciation and amortisation for the second quarter of $67-million.