https://newsletter-mw.creamermedia.com
Financial|PROJECT|Resources
Financial|PROJECT|Resources
financial|project|resources

Alphamin declares interim dividend; Mpama North delivers 3 151 t of contained tin

24th July 2023

By: Marleny Arnoldi

Online News Editor

     

Font size: - +

TSX-V- and JSE-listed tin miner Alphamin Resources Corporation, which has declared a cash dividend of C$0.03, or 40c a share, for the six months ended June 30, has produced 3 151 t of contained tin from the Bisie tin project’s Mpama North mine in Congo-Brazzaville, in the quarter ended June 30.

Production was in line with that of the prior quarter.

The company expects to have generated about $35-million of earnings before interest, taxes, depreciation and amortisation (Ebitda) for the quarter under review, compared with about $41-million of Ebitda generated in the quarter ended March 31.

The year-to-date tin production of 6 338 t exceeds the run-rate to achieve market guidance of 12 000 t for the year ending December 31.

Alphamin says its run-of-mine and crushed ore stockpiles ahead of the processing plant were at record levels at quarter-end, totalling 27 439 t at an average tin grade of 6.74%.

It continues to progress the Mpama South project, which is the other deposit that the Bisie project consists of. The Mpama South project is expected to increase yearly tin production from 12 000 t/y to 20 000 t/y. The commissioning of a new processing plant as part of the project is targeted for completion in December.

The company will release its financial results for the quarter ended June 30 on or about August 17.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

The Steel Tube Export Association of South Africa
Steel Tube Export Association of South Africa

The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...

VISIT SHOWROOM 
Astore Keymak
Astore Keymak

Astore Keymak is one of South Africa’s leading suppliers of high-quality Thermoplastic Pipeline Systems, with branches in the major provinces.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.098 0.182s - 145pq - 2rq
Subscribe Now