Northwire Canada EditionTuesday, September 22, 2026
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GOLD 4368.50 −0.3% SILVER 66.28 −0.2% COPPER 6.83 +1.0% OIL 91.93 −0.5% PALLADIUM 1298.50 −1.4% CNT 0.040 +0.0% DNG 5.42 +1.4% GFG 0.240 +2.1% NTH 0.160 −3.0% REE 0.030 −14.3% AZT 0.380 +2.7% KLDC 0.375 −1.3% SML 0.040 +0.0% SRC 1.73 −0.6% MGG 0.325 +3.2% HMR 0.570 −5.0% VCG 1.40 +0.0% KNG 1.15 +3.6% MINE 0.130 +0.0% AEF 0.160 +0.0% MTT 0.270 +0.0% GOLD 4368.50 −0.3% SILVER 66.28 −0.2% COPPER 6.83 +1.0% OIL 91.93 −0.5% PALLADIUM 1298.50 −1.4% CNT 0.040 +0.0% DNG 5.42 +1.4% GFG 0.240 +2.1% NTH 0.160 −3.0% REE 0.030 −14.3% AZT 0.380 +2.7% KLDC 0.375 −1.3% SML 0.040 +0.0% SRC 1.73 −0.6% MGG 0.325 +3.2% HMR 0.570 −5.0% VCG 1.40 +0.0% KNG 1.15 +3.6% MINE 0.130 +0.0% AEF 0.160 +0.0% MTT 0.270 +0.0%
Drill Results

ALPHAMIN PROVIDES Q3 2025 OPERATIONAL UPDATE

By The Northwire Desk — AI Analysis Oct 07, 2025 · 17:01 AFM · 1.13 Alphamin Resources Corp.
AFM · Price

Executive Summary

  • Q3 2025 tin production rose 26% to 5,190 t, meeting the quarterly target of 5,000 t and driving FY‑2025 production guidance up to 18,000‑18,500 t (previously 17,500 t).
  • EBITDA guidance for Q3 2025 increased 28% to US$96 m versus actual US$75 m in Q2 2025, supported by higher tonnage and a modest price uplift.
  • Significant drill intercepts were returned from Mpama North (up to 41.47 % Sn over 10.1 m) and Mpama South (up to 4.67 % Sn over 1.81 m), expanding the resource potential near existing deposits.

Key Details

  • Production & Sales
  • Contained tin produced Q3 2025: 5,190 t (↑26% QoQ).
  • Tin sold Q3 2025: 5,143 t (↑12% QoQ).

  • Average realized tin price: US$33,877/t, ~4% above prior quarter; market price ≈ US$37,000/t.

  • Financial Metrics

  • Q3 2025 EBITDA guidance: US$96 m (↑28% QoQ).
  • All‑in sustaining cost (AISC) per tonne sold: US$15,900 (↓3% vs Q2).
  • Plant recoveries averaged 76 % in Q3 (vs 77 % in Q2).

  • Cash balance 30 Sep 2025: US$57 m (down from US$110 m on 30 Jun 2025) after tax payments, overdraft reduction, dividend and withholding tax outflows.

  • Guidance Updates

  • FY‑2025 tin production guidance revised to 18,000‑18,500 t (previously 17,500 t).

  • Expected Q4 2025 production: ≈5,000 t, bringing year‑to‑date total to 13,566 t.

  • Dividend

  • Interim FY 2025 dividend paid CAD 0.07 per share on 15 Sep 2025.

  • Exploration – Mpama South

  • Hole BGH192: 24.13 m @ 2.43 % Sn (incl. 5.08 m @ 4.31 % Sn).

  • Hole BGH194: 13.98 m @ 1.62 % Sn (incl. 3.04 m @ 4.26 % Sn).

  • Exploration – Mpama North

  • Hole MNUD008A: 29.34 m @ 6.21 % Sn (incl. 9.30 m @ 13.63 % Sn).

  • Hole MNUD009: 33.28 m @ 16.83 % Sn (incl. 10.10 m @ 41.47 % Sn).

  • Drilling Operations

  • Two Mpama South surface holes abandoned due to deviation; two additional holes ~1‑2 weeks from target depth.
  • One Mpama North surface hole abandoned; second completed without visual tin mineralisation; next hole in progress.

  • Planning to introduce directional core drilling to improve down‑dip fan drilling efficiency.

  • Security Update

  • Increased security events near Massisi/Walikale border; mine remains ~200 km away and continues operating within guidance parameters. Risk profile remains elevated.

  • Qualified Persons

  • Mr. Clive Brown, P.Eng., QP – reviewed all sections except exploration appendices.
  • Mr. Jeremy Witley, P.Sci.Nat., QP – reviewed exploration section and appendices.

Notable Quotes

  • “Our Q3 performance demonstrates the resilience of our operation despite security challenges, and the strong drill results underscore the upside potential of the Mpama projects.” – Maritz Smith, CEO, Alphamin Resources Corp.
Read the original news release →

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Production / Operations