Democratic Republic of Congo-focused tin miner Alphamin Resources expects to report a 46% quarter-on-quarter increase in its earnings before interest, taxes, depreciation and amortisation to $158-million for the quarter ended March 31.
Contained tin production of 5 026 t for the quarter was in line with the target guidance of 20 000 t/y and that of the previous quarter.
Tin sales of 5 016 t were 1% lower quarter-on-quarter.
Nevertheless, improved road conditions and a strong tin price, which was 30% higher quarter-on-quarter, resulted in a net cash increase of $128-million.
Alphamin plans to publish its financial results for the quarter on or about April 29.