Alphamin Resources Boosts Earnings as Tin Sales Surge
Alphamin Resources Q2 Earnings Jump 21% to $75M as Tin Sales Climb, $65M Dividend Announced
JSE-listed Alphamin Resources has reported a 21% quarter-on-quarter increase in EBITDA to $75 million for the second quarter ended June 30, 2025, driven primarily by higher tin sales.
Operations at the company’s Bisie tin mine in the Democratic Republic of Congo were temporarily halted earlier this year due to security concerns over insurgent activity near surrounding communities. The shutdown disrupted both production and sales before operations resumed in mid-April.
Bisie produced 4,106 tonnes of contained tin in Q2, falling short of the quarterly target of 5,000 tonnes due to the production stoppage.
However, performance rebounded strongly in May and June, with production of 3,361 tonnes—in line with the annualised target of 20,000 tonnes.
Processing facilities outperformed expectations, achieving an average 77% plant recovery rate during the quarter.
Tin sales totaled 4,587 tonnes, exceeding production for the quarter as the company cleared a sales backlog from Q1.
The average tin price achieved was $32,512 per tonne, consistent with the prior quarter, with current market prices hovering around $33,500 per tonne.
The all-in sustaining cost (AISC) for the quarter was $16,387 per tonne, elevated due to the temporary production halt.
Following its July acquisition of a 56% stake in Alphamin, International Resources Holding’s (IRH) subsidiary Alpha Mining has nominated two new board members: Ravi Sharma, IRH’s Chief Operating Officer, and Abhinay Khowala, IRH’s Group CFO. Their appointments remain subject to regulatory approval.
The board has declared an interim cash dividend of C$0.07 per share—approximately $65 million in total—for the 2025 financial year.
The dividend will be paid on September 15 to shareholders on record as of August 29.
The board will also consider a potential top-up dividend in November, depending on the company’s financial position and market conditions. Alphamin reaffirmed its commitment to paying semi-annual dividends.
With the support of its new majority shareholder, Alphamin plans to expand its globally significant tin production base through intensified exploration aimed at extending the Bisie mine’s life.
The company will also pursue grassroots exploration to discover new tin deposits in proximity to existing operations.
