DRC: after a production of 6,241 tons of tin in the first half of 2022, Alphamin maintains its objectives
In an operational and financial report published on Tuesday July 26, 2022, the mining company Alphamin announces that it produced 3,180 tonnes of tin in the second quarter of 2022.
For this mining operator, this brings production for the first six months of the 2022 financial year to 6,241 tonnes.
The performance thus achieved represents an increase of 4% quarter-on-quarter, placing Alphamin on track to achieve its target of 12,000 tonnes of tin for the full year 2022.
We also note that EBITDA nevertheless fell, from 98.1 million USD at the end of March to 67 million USD at the end of June 2022.
Specialists indicate that this can be explained by the reduction in the average selling price of tin, 35,345 USD per ton in the second quarter against 43,834 USD per ton in the first, in a context of slowing economic activity in China during the period and therefore less demand.
Note also that Alphamin currently operates (in the DRC) the Mpama North mine and is working at the same time on a future increase in production with the Mpama South project. The entire production is sold to Gerald Metals, an American company.
