Live-nieuws • Jul 14
Alphamin Resources Delivers Record Q2 EBITDA With Steady Tin Output and Exploration Update Alphamin Resources expects record Q2 2026 EBITDA of about $167 million, a 6% rise on the previous quarter, with tin production and sales both around 5,000 tonnes and an updated resource estimate planned for Mpama North and South in Q4 2026.
The company reports active drilling plus planned airborne and geochemical surveys across its assets, signalling continued focus on expanding or refining its resource base while it tracks market conditions for tin concentrates.
Alphamin Resources shares trade at CA$1.38, with the stock up 19.0% year to date.
The combination of record quarterly EBITDA and ongoing exploration places the near-term emphasis on how efficiently Alphamin Resources can convert operating cash generation into future resource definition, while managing any changes in tin pricing. Aankondiging • Jul 14
Alphamin Resources Corp. to Report Q2, 2026 Results on Jul 31, 2026 Alphamin Resources Corp. announced that they will report Q2, 2026 results on Jul 31, 2026 Recent Insider Transactions • Jun 11
Independent Chairman of the Board recently sold CA$1.0m worth of stock On the 9th of June, Charles Denby Needham sold around 769k shares on-market at roughly CA$1.36 per share. This transaction amounted to 70% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$1.6m. Charles Denby has been a net seller over the last 12 months, reducing personal holdings by CA$2.8m. New Risk • May 17
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$1.8m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (119% payout ratio). Significant insider selling over the past 3 months (CA$1.8m sold). Upcoming Dividend • May 15
Upcoming dividend of CA$0.13 per share Eligible shareholders must have bought the stock before 22 May 2026. Payment date: 05 June 2026. The company is paying out more than 100% of its profits and is paying out 83% of its cash flow. Trailing yield: 17%. Within top quartile of Canadian dividend payers (5.5%). Higher than average of industry peers (1.3%). New Risk • May 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 12% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (119% payout ratio). Recent Insider Transactions Derivative • May 07
Non-Executive Director exercised options and sold CA$820k worth of stock On the 4th of May, John Robertson exercised 1m options at a strike price of around CA$0.68 and sold these shares for an average price of CA$1.38 per share. This trade did not impact their existing holding. As of today, John currently holds no shares directly. Company insiders have collectively sold CA$940k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • May 01
First quarter 2026 earnings released: EPS: US$0.05 (vs US$0.019 in 1Q 2025) First quarter 2026 results: EPS: US$0.05 (up from US$0.019 in 1Q 2025). Revenue: US$240.1m (up 99% from 1Q 2025). Net income: US$64.4m (up 173% from 1Q 2025). Profit margin: 27% (up from 20% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 30
Alphamin Resources Corp. announces Semi-Annual dividend, payable on June 05, 2026 Alphamin Resources Corp. announced Semi-Annual dividend of CAD 0.1300 per share payable on June 05, 2026, ex-date on May 22, 2026 and record date on May 22, 2026. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to CA$1.40, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 19x in the Metals and Mining industry in Canada. Total returns to shareholders of 75% over the past three years. Aankondiging • Apr 14
Alphamin Resources Corp., Annual General Meeting, Jun 18, 2026 Alphamin Resources Corp., Annual General Meeting, Jun 18, 2026. Aankondiging • Apr 10
Alphamin Resources Corp. Announces Exploration Update Alphamin Resources Corp. announced that exploration strategy remains focused on three primary pillars: Resource Expansion: Extending the mine life at Mpama North and Mpama South. New Discovery: Identifying the next major tin deposit within the Bisie mine vicinity.Regional Growth: Continuing grassroots exploration across our highly prospective land package. Drilling Progress: Drilling activity intensified in first quater, 2026, with surface rig counts increasing at both Mpama South and Mpama North. A total of 4,673m was drilled (3,221m at Mpama South; 1,452m at Mpama North). Directional drilling (Devico-IMDEX) was introduced in late December 2025. Following the loss of the original tool downhole in early February, two new devices were mobilized and are now operational. Drilling Results & Analysis: Since the end of Third Quarter 2025, ten boreholes have been completed. Two of these intercepted visible cassiterite (tin mineralization): Mpama North: The initially targeted extension of the mineral resource has resulted in visible cassiterite in only one hole (MND056AD1_T1), which intercepted a thin tin intercept at low grade.Several holes encountered an oblique east-west fault structure. Additional drilling is planned to explore down-dip extensions and determine how this structure impacts the tin-bearing zone.Two mother holes (MND056B and MND057) have recently been completed, MND056B was used to reach target T2 (mentioned in point 1 above) and is currently drilling for target T5; drill hole MND056D2_T5. MND057 will be used to intercept deeper targets further down plunge. Mpama South: Borehole BGH196A_D1 intersected visible cassiterite. Preliminary in-house assays are encouraging . The deeper holes (BGH198D1, BGH196B, BGH199, BGH200and BGH192A) did not intersect mineralization, and the data is being used to refine the structural model to improve future targeting. Forward-Looking Initiatives: Downhole Geophysics: A Downhole electromagnetic (EM) survey tool has been mobilised to site. This will assist in mapping the apparent spatial association between massive sulphides and tin mineralisation in order to identify further resource extension drilling targets. Airborne Survey: A VTEM (Versatile Time Domain Electromagnetic) survey covering the entire license area is en route to site and will be completed in second quarter, 2026. This will be instrumental in identifying new regional drill targets. Geochemical Surveys: Geochemical (soil) surveys are planned to cover, the Mpama Ridge north of the Oso River and all areas adjacent to basement rock units (similar geological settings to the Mpama Ridge which houses the Bisie deposit) with 13,000 samples planned for phase one of the survey, which is scheduled start commence in second quarter. Recent Insider Transactions • Mar 22
Independent Chairman of the Board recently sold CA$120k worth of stock On the 13th of March, Charles Denby Needham sold around 100k shares on-market at roughly CA$1.20 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Charles Denby's only on-market trade for the last 12 months. Reported Earnings • Mar 12
Full year 2025 earnings released: EPS: US$0.12 (vs US$0.079 in FY 2024) Full year 2025 results: EPS: US$0.12 (up from US$0.079 in FY 2024). Revenue: US$620.9m (up 18% from FY 2024). Net income: US$148.0m (up 47% from FY 2024). Profit margin: 24% (up from 19% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CA$1.57, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 24x in the Metals and Mining industry in Canada. Total returns to shareholders of 118% over the past three years. Buy Or Sell Opportunity • Feb 24
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 34% to CA$1.41. The fair value is estimated to be CA$1.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 11%. Buy Or Sell Opportunity • Feb 03
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 34% to CA$1.39. The fair value is estimated to be CA$1.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 5.1% in a year. Earnings are forecast to grow by 38% in the next year. Buy Or Sell Opportunity • Jan 13
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to CA$1.35. The fair value is estimated to be CA$1.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 5.1% in a year. Earnings are forecast to grow by 38% in the next year. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CA$1.35, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Metals and Mining industry in Canada. Total returns to shareholders of 73% over the past three years. Aankondiging • Jan 06
Alphamin Resources Corp. Announces Resignation of Paul Baloyi as Director, Effective January 31, 2026 Alphamin Resources Corp. announced on January 5, 2026 that Mr. Paul Baloyi has resigned as a director of the Company effective January 31, 2026. Mr. Baloyi has served on the board since April 2017 as an appointee of the Industrial Development Corporation of South Africa Ltd. (IDC). Upcoming Dividend • Nov 14
Upcoming dividend of CA$0.04 per share Eligible shareholders must have bought the stock before 21 November 2025. Payment date: 08 December 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.3%. Within top quartile of Canadian dividend payers (5.9%). Higher than average of industry peers (1.2%). Reported Earnings • Nov 04
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: US$0.028 (up from US$0.026 in 3Q 2024). Revenue: US$169.3m (down 3.0% from 3Q 2024). Net income: US$35.1m (up 6.5% from 3Q 2024). Profit margin: 21% (up from 19% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 8.4%. Earnings per share (EPS) also surpassed analyst estimates by 3.4%. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 15% per year. Aankondiging • Nov 04
Alphamin Resources Corp. Announces Second Interim Fiscal Year 2025 Dividend, Payable on December 8, 2025 Alphamin Resources Corp. declared a second interim fiscal year 2025 cash dividend of CAD 0.04 per share on the common shares (approximately USD 37 million in the aggregate) (the “Dividend”). The Dividend will be payable on December 8, 2025 to shareholders of record as of the close of business on November 21, 2025. Aankondiging • Oct 08
Alphamin Resources Corp. Revises Production Guidance for the Financial Year 2025 Alphamin Resources Corp. revised production guidance for the financial year 2025. For the period, the Company expects to produce approximately 5,000 tonnes of contained tin which, together with its year-to-date production of 13,566 tonnes, increases tin production guidance for FY2025 to between 18,000 and 18,500 tonnes (17,500 tonnes previously). Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CA$1.10, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Metals and Mining industry in Canada. Total returns to shareholders of 96% over the past three years. Upcoming Dividend • Aug 22
Upcoming dividend of CA$0.07 per share Eligible shareholders must have bought the stock before 29 August 2025. Payment date: 15 September 2025. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 8.4%. Within top quartile of Canadian dividend payers (6.0%). Higher than average of industry peers (1.3%). Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CA$1.09, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Metals and Mining industry in Canada. Total returns to shareholders of 74% over the past three years. Reported Earnings • Aug 12
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: US$0.025 (up from US$0.014 in 2Q 2024). Revenue: US$144.2m (up 39% from 2Q 2024). Net income: US$31.7m (up 76% from 2Q 2024). Profit margin: 22% (up from 17% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 5.0%. Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Board Change • Aug 12
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Brendan Lynch was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Jun 26
Alphamin Resources Corp. Appoints John Robertson as Director Alphamin Resources Corp. announced that subject to regulatory approval, Mr. John Robertson, a Mauritian resident, has been appointed as a director of the Company. Mr. Robertson is a mining professional with 30 years of experience in countries across Franco and Anglophone Africa. He has significant surface and underground mine management experience in both base and precious metals and a strong background in compliant Resource and Reserve exploration techniques, definition, reporting, conversion, and extraction. John has experience in the management of sites of up to 3,000 people and is fluent in French. John served as the managing director of the Company's 84% owned DRC subsidiary, Alphamin Bisie Mining SA, from September 2023 until March 2025. Aankondiging • Jun 24
Alphamin Resources Corp. Announces Resignation of Rudolf Pretorius as a Director Alphamin Resources Corp. announced that Mr. Rudolf Pretorius has resigned as a director of the Company. Mr. Pretorius served as an appointee of Tremont Master Holdings since February 2014 and the board of directors wishedto thank him for his contributions to Alphamin during his tenure. Aankondiging • Apr 14
Alphamin Resources Corp., Annual General Meeting, Jun 18, 2025 Alphamin Resources Corp., Annual General Meeting, Jun 18, 2025. Location: grand baie Mauritius Aankondiging • Apr 09
Alphamin Resources Corp. Announces Decision to Resume Mining Operations Alphamin Resources Corp. announce that it is initiating a phased resumption of operations at the Company's Bisie tin mine in Walikale District, North Kivu Province of east-central Democratic Republic of the Congo (DRC). This decision was made after the withdrawal of insurgents eastward from the town of Walikale towards the towns of Nyabiondo and Masisi, more than 130 kms to the east of the Company's mine site. The Company intends to redeploy
employees as part of a plan to restart tin production in phases while it continues to monitor the security situation. The mine is adequately supplied with consumables and spares to support the resumption of production. Aankondiging • Mar 13
Alphamin Temporarily Ceases Mining Operations Alphamin Resources Corp. announced that its board of directors has made the difficult decision to temporarily cease mining operations at the Company’s Bisie tin mine in Walikale District, North Kivu Province of east-central Democratic Republic of the Congo (DRC). This decision was made after insurgent militant groups have recently advanced westward in the direction of the mine’s location in the DRC occupying the towns of Nyabiondo on 9 March 2025, the capital of the Osso-Banyungu sector located 110km northwest of Goma followed by Kashebere a further 13km west of Nyabiondo on 12 March 2025. The safety of the Company’s employees and contractors remains its top priority and cannot be assured at the present time. All operational mining personnel are being evacuated from the mine site with only essential personnel to remain for the care, maintenance and security of the property. The Company is encouraged by the recent announcement that direct peace talks on the conflict are scheduled to be held in Angola on March 18, 2025. The Company will closely monitor events as they progress with a view to moving personnel back to the mine site and resuming operations when it believes it can safely do so. The Company will provide further updates when approriate. Buy Or Sell Opportunity • Feb 27
Now 25% overvalued Over the last 90 days, the stock has fallen 33% to CA$0.77. The fair value is estimated to be CA$0.62, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has declined by 6.4%. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: US$0.026 (vs US$0.012 in 3Q 2023) Third quarter 2024 results: EPS: US$0.026 (up from US$0.012 in 3Q 2023). Revenue: US$174.5m (up 116% from 3Q 2023). Net income: US$32.9m (up 124% from 3Q 2023). Profit margin: 19% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Oct 18
Upcoming dividend of CA$0.06 per share Eligible shareholders must have bought the stock before 25 October 2024. Payment date: 04 November 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 9.6%. Within top quartile of Canadian dividend payers (6.1%). Higher than average of industry peers (1.6%). Aankondiging • Oct 03
Alphamin Resources Corp. Declares Interim Fiscal Year 2024 dividend, Payable on November 4, 2024 Alphamin Resources Corp. declared Interim Fiscal Year 2024 dividend increased to CAD 0.06 per share (previously CAD 0.03 per share). The Dividend will be payable on November 4, 2024 to shareholders of record as of the close of business on October 25, 2024. Reported Earnings • Aug 25
Second quarter 2024 earnings released: EPS: US$0.014 (vs US$0.012 in 2Q 2023) Second quarter 2024 results: EPS: US$0.014 (up from US$0.012 in 2Q 2023). Revenue: US$103.9m (up 37% from 2Q 2023). Net income: US$18.1m (up 23% from 2Q 2023). Profit margin: 17% (down from 19% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jul 11
Alphamin Resources Corp. to Report Q2, 2024 Results on Aug 23, 2024 Alphamin Resources Corp. announced that they will report Q2, 2024 results on Aug 23, 2024 Board Change • Jun 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Non-Executive Director Jan Trouw was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 09
Upcoming dividend of CA$0.03 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 24 May 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.9%. Lower than top quartile of Canadian dividend payers (6.4%). Higher than average of industry peers (1.8%). Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: US$0.016 (vs US$0.013 in 1Q 2023) First quarter 2024 results: EPS: US$0.016 (up from US$0.013 in 1Q 2023). Revenue: US$109.3m (up 32% from 1Q 2023). Net income: US$20.7m (up 26% from 1Q 2023). Profit margin: 19% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 26% per year. Aankondiging • Apr 27
Alphamin Resources Corp. Declares Dividend, Payable on May 24, 2024 Alphamin Resources Corp. announced the declaration of a cash dividend number 5 in the gross amount of CAD 0.03 per Alphamin share, being the equivalent of 41.78220 South African cents per Alphamin share (based on an exchange rate of CAD 1.00 = ZAR 13.9274 as at 25 April 2024. Alphamin shares commence trading ex-dividend is May 15, 2024 and Record date to receive the cash dividend May 17, 2024 and payment Date is May 24, 2024. the local dividend tax rate is 20%, resulting in a gross cash dividend of CAD 0.03 and a net cash dividend amount of CAD 0.024 for South African shareholders who are not exempt from paying Dividend Tax. Aankondiging • Apr 13
Alphamin Resources Corp., Annual General Meeting, Jun 19, 2024 Alphamin Resources Corp., Annual General Meeting, Jun 19, 2024. Aankondiging • Apr 10
Alphamin Resources Corp. to Report Q1, 2024 Results on Apr 29, 2024 Alphamin Resources Corp. announced that they will report Q1, 2024 results on Apr 29, 2024 Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CA$1.09, the stock trades at a trailing P/E ratio of 21.7x. Average forward P/E is 6x in the Metals and Mining industry in Canada. Total returns to shareholders of 122% over the past three years. Reported Earnings • Mar 10
Full year 2023 earnings released: EPS: US$0.037 (vs US$0.079 in FY 2022) Full year 2023 results: EPS: US$0.037 (down from US$0.079 in FY 2022). Revenue: US$288.5m (down 26% from FY 2022). Net income: US$47.2m (down 53% from FY 2022). Profit margin: 16% (down from 26% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 27
Alphamin Resources Corp. to Report Q4, 2023 Results on Mar 14, 2024 Alphamin Resources Corp. announced that they will report Q4, 2023 results on Mar 14, 2024 Reported Earnings • Nov 19
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: US$0.012 (down from US$0.016 in 3Q 2022). Revenue: US$80.8m (up 19% from 3Q 2022). Net income: US$14.7m (down 28% from 3Q 2022). Profit margin: 18% (down from 30% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. New Risk • Sep 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 96% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Paying a dividend despite having no free cash flows. Earnings are forecast to decline by an average of 96% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). New Risk • Aug 20
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 93% The company is paying a dividend despite having no free cash flows. Dividend yield: 6.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Paying a dividend despite having no free cash flows. High level of non-cash earnings (33% accrual ratio). Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: US$0.012 (vs US$0.024 in 2Q 2022) Second quarter 2023 results: EPS: US$0.012 (down from US$0.024 in 2Q 2022). Revenue: US$75.7m (down 32% from 2Q 2022). Net income: US$14.7m (down 51% from 2Q 2022). Profit margin: 19% (down from 27% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 03
Upcoming dividend of CA$0.03 per share at 6.3% yield Eligible shareholders must have bought the stock before 10 August 2023. Payment date: 25 August 2023. Payout ratio is on the higher end at 75%, and the cash payout ratio is above 100%. Trailing yield: 6.3%. Within top quartile of Canadian dividend payers (6.1%). Higher than average of industry peers (2.0%). Aankondiging • Jul 25
Alphamin Resources Corp. Declare an Interim Cash Dividend for Fiscal Year 2023, Payable on 25 August, 2023 The Board of Alphamin Resources Corp. has declared an interim Fiscal year 2023 cash dividend of CAD 0.03 per share on the common shares (approximately USD 29 million in the aggregate). The Dividend will be payable on 25 August, 2023 to shareholders of record as of the close of business on 11 August, 2023. Reported Earnings • May 16
First quarter 2023 earnings released: EPS: US$0.013 (vs US$0.033 in 1Q 2022) First quarter 2023 results: EPS: US$0.013 (down from US$0.033 in 1Q 2022). Revenue: US$83.0m (down 43% from 1Q 2022). Net income: US$16.4m (down 61% from 1Q 2022). Profit margin: 20% (down from 29% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 89% per year whereas the company’s share price has increased by 87% per year. Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: US$0.079 (vs US$0.04 in FY 2021) Full year 2022 results: EPS: US$0.079 (up from US$0.04 in FY 2021). Revenue: US$391.1m (up 11% from FY 2021). Net income: US$100.9m (up 109% from FY 2021). Profit margin: 26% (up from 14% in FY 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 66% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 16
Upcoming dividend of CA$0.03 per share at 6.4% yield Eligible shareholders must have bought the stock before 23 February 2023. Payment date: 10 March 2023. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 6.4%. Within top quartile of Canadian dividend payers (5.8%). Higher than average of industry peers (2.2%). Aankondiging • Feb 11
Alphamin Resources Corp. Announces Successful Infill Drilling At Mpama South with Increase in Both Resource Confidence and Mineral Resources Alphamin Resources Corp. announced completion of the infill drilling campaign at Mpama South and an updated Mineral Resource Estimate (MRE) for Mpama South. This brings forward an additional planned ~7,200tpa contained tin production, which will make Alphamin one of the tin producers globally and delivers on the Company strategy of organic growth and creating shareholder value. The updated Mineral Resource for Mpama South follows eight months after the previous update announced on 31 May 2022. The update is based on receipt of assays for another 63 infill and extensional drillholes completed subsequent to the previous estimate which was based on 124 drillholes. The updated MRE now includes results from 187 drillholes at Mpama South as well as 6 drillholes drilled in 2015 in the area between Mpama South and the Mpama North ore body. The MRE was estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Best Practice Guidelines (2019) and is reported in accordance with the 2014 CIM Definition Standards. Mineral Resources that are not Mineral Reserves do not have a demonstrated economic viability and require advanced studies and economic analysis to prove their viability for extraction. Extensional drilling down-dip and in the shallower northern and southern portions of Mpama South can be conducted at the Company’s election to carry on extending known mineralisation at Mpama South, which is still open in multiple directions. However, for 2023, the focus will primarily be aimed at the Mpama South Mine construction and commissioning efforts, while exploration drilling will be curtailed, instead, focusing on further field work campaigns to support future programs. Alphamin intensified exploration drilling on the 13km long Bisie Ridge from Third Quarter 2022 to test highly anomalous soil, geophysical and structural targets identified during 2021. 8,773 metres of the 10,000 metre Phase 1 diamond core programme have been completed along the Ridge, with the remainder due for completion in First Quarter 2023. Although anomalous mineralisation has been confirmed in drilling on the Ridge, it is not of the obvious coarse visual cassiterite type frequently seen in drillcore from Mpama North and South. Only ~25% of assays have been returned from the independent laboratory to date from the Ridge drilling. Assay results when received will support a fuller investigation into the regional setting, along with data from the on-going geophysical downhole surveys, structural investigations and mapping, thereby enabling a refocused exploration programme. Until then, the key focus at site remains the construction and commissioning of the new Mpama South Mine. Aankondiging • Dec 15
Alphamin Resources Corp. and Alphamin Bisie Mining Sa Announces Changes to Its Board Alphamin Resources Corp. announced changes to its board of directors and to the board of the Company's major operating subsidiary, Alphamin Bisie Mining (ABM). Mr. Jan Trouw (69), the on-mine Managing Director of the Company's 84% subsidiary, ABM, has elected to retire from full time employment effective 31 December 2022. Mr. Trouw will continue with ABM in a part-time consulting role providing oversight and advisory services pertaining to ABM's underground mining and technical services activities. This includes regular visits to the mine. Effective 14 December 2022, subject to regulatory approval, the Board has resolved to appoint Mr. Trouw as a non-executive director of the Company and Mr. Brendon Jones has agreed to resign from the Board. The Board wishes to thank Mr. Jones for his valuable input and contribution to the Company's evolution from a development project to one of the world's largest tin producers. Subject to regulatory approval, Mr. John Robertson (55), a mining professional with 30 years of experience in countries across Franco and Anglophone Africa, has been appointed Managing Director of ABM. He has significant surface and underground mine management experience in both base and precious metals and a strong background in compliant Resource and Reserve exploration techniques, definition, reporting, conversion and extraction. John has experience in the management of sites of up to 3000 people and is fluent in French. John has worked with Jan Trouw previously and company look forward to the impact of his leadership qualities as company continue to grow ABM on a sustainable basis.