Alphamin Boosts Tin Production to 18,576 Tonnes in 2025
Alphamin Reports 7% Rise in Tin Production to 18,576 Tonnes in 2025 as Earnings Jump 25%
Alphamin Resources reported a 7% increase in tin production for the year ended December 31, 2025, reaching 18,576 tonnes, in line with the company’s revised production guidance.
The JSE-listed miner said overall processing recoveries remained on target during the year at 75%.
Production Impacted by Temporary Shutdown
The company noted that production during the year was affected by a temporary suspension of operations in March 2025 due to security concerns. Operations resumed gradually starting on April 15, 2025, following improvements in the situation.
Despite the disruption, Alphamin achieved a pro-forma annualized production rate of about 20,000 tonnes of contained tin, when adjusted for the period during which operations were halted.
Total tin sales for the year reached 18,638 tonnes.
Strong Earnings Growth
The miner recorded a 25% year-on-year increase in earnings before interest, taxes, depreciation and amortisation (EBITDA) to $341 million.
The increase was driven by higher production and sales volumes, supported by a full year of output from the Mpama South expansion, which was completed in mid-2024.
The company also benefited from a 13% rise in the average tin price, which reached $34,373 per tonne during the year.
Cash Position and Shareholder Returns
By the end of December 2025, Alphamin held $56 million in cash after meeting several major financial obligations, including:
- $45 million in debt reduction and servicing costs
- $106 million in taxes paid in the Democratic Republic of the Congo
- $123 million in dividend payments to shareholders
The company said the current strong tin price environment, combined with steady production levels, is expected to support increased cash flow and potential dividend growth.
For the 2025 financial year, Alphamin declared total dividends of C$0.11 per share, up from C$0.09 per share in the previous year.
The next dividend decision is expected at the end of April, after the finalisation and approval of audited financial statements for both the company and its DRC operating subsidiary.
Looking ahead, Alphamin expects contained tin production of around 20,000 tonnes in 2026, reflecting stable operations and the continued contribution of its expanded mining capacity.
