Alphamin Resources Reports Strong Q1 Earnings Growth Driven by Higher Tin Prices and Improved Logistics
Alphamin Resources Sees 46% EBITDA Jump to $158M in Q1 on Strong Tin Prices and Stable Production
Democratic Republic of Congo-focused tin producer Alphamin Resources is expected to report a 46% quarter-on-quarter increase in earnings before interest, taxes, depreciation and amortisation (EBITDA), reaching approximately $158 million for the quarter ended March 31.
Tin production for the period totalled 5,026 tonnes, broadly in line with guidance of 20,000 tonnes annualized output and consistent with the previous quarter’s performance.
Tin sales amounted to 5,016 tonnes, representing a marginal 1% decline compared to the prior quarter.
Despite the slight dip in sales volumes, the company benefited from significantly stronger market conditions.
Improved road infrastructure and a 30% quarter-on-quarter rise in tin prices contributed to a substantial increase in cash generation, with net cash rising by approximately $128 million over the period.
The combination of stable production and stronger pricing supported overall financial performance, reinforcing the resilience of the company’s operations in the Democratic Republic of the Congo.
Alphamin Resources is scheduled to release its full financial results for the quarter on or around April 29.
