FilingReader Intelligence

Alphamin Q1 tin production down; FY2025 guidance revised

April 17, 2025 at 09:01 PM UTCBy FilingReader AI

Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX) announced Q1 2025 contained tin production of 4,270 tonnes before operations ceased on March 13, 2025, a decrease from Q4 2024's 5,237 tonnes. Q1 2025 EBITDA is guided at US$62m, lower than Q4 2024's US$76m. The company has revised its FY2025 contained tin production guidance to 17,500 tonnes, down from 20,000 tonnes, due to security-related interruptions. Production recommenced on April 15, 2025. Ore processed in Q1 totaled 160,274 tonnes at a tin grade of 3.55%. Alphamin has US$99 million in cash as of April 17, 2025, with an additional US$38m expected in sales receipts before the end of the month. The company's US$53m overdraft facility is agreed for renewal. Due to the security related production interruption, the Board considered it prudent not to declare a final FY2024 dividend in April 2025.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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