Alphamin Reports Strong Q2 Performance as Tin Output Stays on Track
Alphamin Resources reports stronger second-quarter performance, with EBITDA guidance rising to $167 million while tin production remains aligned with annual targets.
Alphamin Resources has announced a stronger second-quarter outlook, with the company expecting record earnings while maintaining its annual tin production targets.
The tin producer expects second-quarter 2026 EBITDA to reach approximately $167 million, representing a 6% increase compared with the previous quarter.
The improved performance was driven mainly by stronger tin prices during the period.
Alphamin produced 5,013 tonnes of contained tin during the quarter ended June 2026, while tin sales totalled 5,014 tonnes.
The production performance keeps the company on track to achieve its annual target of approximately 20,000 tonnes of tin production.
Higher Tin Prices Support Earnings Growth
The increase in EBITDA was largely supported by higher realised tin prices, which strengthened revenue performance during the quarter.
The company said the improved commodity environment helped offset rising operational costs, including higher fuel expenses, royalties, export duties and marketing-related costs.
Alphamin’s estimated all-in sustaining cost for the quarter was approximately $19,043 per tonne of tin sold, reflecting increased external costs and the timing of certain capital expenditure activities.
Processing Volumes Increase Despite Lower Recovery Rates
Alphamin processed 211,034 tonnes of ore during the quarter, compared with 201,519 tonnes in the first quarter, reflecting increased plant throughput.
However, recovery rates declined slightly to 72.8% from 74.2% in the previous quarter. The company attributed the decrease to higher levels of sulphide material, which affected processing efficiency.
Despite the lower recovery rate, Alphamin said overall operations remained stable, with production and sales volumes largely unchanged from the previous period.
Exploration Continues at Mpama North and Mpama South
Exploration activities continued across the company’s Mpama North and Mpama South projects during the quarter.
A total of 5,547 metres of drilling was completed as Alphamin continued efforts to improve geological understanding, expand mineral resources and identify additional tin-bearing zones.
The company remains focused on extending the life of its operations and strengthening its position as a significant global tin producer.
Alphamin Maintains Strong Position in Tin Market
Alphamin’s latest operational update highlights the company’s continued strong performance in a market where tin demand remains supported by electronics manufacturing, energy technologies and industrial applications.
With production levels remaining consistent and earnings benefiting from stronger tin prices, Alphamin is positioned to deliver another strong year of operational and financial performance.
The company is expected to provide further details in its upcoming first-half 2026 financial results.
