01 Jun Alphamin’s Bisie ups the ante (TSXV:AFM) (JSE: APH)
Despite initial teething problems, Alphamin reported a positive Q4 in 2019 when production touched the upper reaches of its guidance for that quarter at around 2200t contained tin at an all-in margin of approximately USD4000 per ton tin. This equates to free cash flow of USD9-million, annualised at USD36-million. All In Sustaining Costs (AISC) during this period was USD12,426, in line with previous guidance. Going forward, it is expected that costs may come down as the fourth quarter included incremental logistical costs, such as repair work on a damaged bridge and additional penalties for high arsenic produced in concentrate which has now been resolved.
Publication: Core Consultants