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Alphamin sets another quarterly production record

26th July 2022

By: Creamer Media Reporter

     

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TSX-V- and AltX-listed Alphamin Resources produced 3 180 t of contained tin from its Mpama North mine in the Democratic Republic of Congo in the second quarter – a new record and 4% higher than production in the first quarter.

The company reported on July 26 that year-to-date contained tin production of 6 241 t exceeded the run-rate to achieve market guidance of 12 000 t for the year ending December 31.

The tin miner expects production for the third quarter to reach 3 000 t.

Meanwhile, all-on sustaining costs decreased by 7% quarter-on-quarter to $14 677/t for the second quarter.

Alphamin reported earnings before interest, taxes, depreciation and amortisation for the second quarter of $67-million.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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