Alphamin Resources boosts tin production by 26% as it raises annual guidance

ALPHAMIN Resources Corporation has announced a robust 26% increase in tin production for the third quarter leading up to the end of September.

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The company, which operates the Bisie Mine in the Democratic Republic of Congo (DRC) and is listed on the JSE AltX and the Canadian TSXV markets, reported on Wednesday a total output of 5 190 tons of tin over the quarter, aligning closely with its target of 5 000 tons.

As a result of the strong production performance, Alphamin has raised its annual production guidance for the financial year 2025, now projecting output between 18 000 and 18 500 tons. This revision marks an increase from the previous forecast of 17 000 to 18 000 tons, reflecting the company’s optimistic outlook following operational improvements.

In terms of market performance, Alphamin's shares on the AltX experienced a 2.29% increase on Wednesday morning, trading at R14.32, slightly below last year's price of R15.98.