Core Viewpoint - Alphamin Resources Corp. reported strong operational and financial performance for the year and quarter ended December 31, 2025, with significant increases in tin production and EBITDA, despite some challenges in processing recoveries and costs. Operational and Financial Performance - For the year ended December 31, 2025, contained tin production reached 18,576 tonnes, a 7% increase from the previous year, and aligned with revised guidance of 18,000 to 18,500 tonnes [3] - The overall processing recovery for FY2025 was 75%, with Q4 recovery at 73%, slightly below the target due to feed grade fluctuations [2][3] - The average tin price achieved for FY2025 was US$34,388 per tonne, a 13% increase from the previous year, with Q4 price at US$37,995 per tonne [6][5] Financial Metrics - EBITDA for FY2025 is estimated at US$341 million, a 25% increase from US$274 million in FY2024, driven by higher production and sales volumes [6][10] - The All-In Sustaining Cost (AISC) for FY2025 was US$16,381 per tonne sold, a 7% increase from the previous year, with Q4 AISC at US$16,861 [6][5] - The company had US$56 million in cash at the end of December 2025, up from US$30 million the previous year, after significant debt reduction and tax payments [7] Production Guidance - Production guidance for the year ending December 31, 2026, is approximately 20,000 tonnes of contained tin, reflecting continued growth from FY2025 [9][10] Management Changes - The CEO, Mr. Maritz Smith, will retire, with Mr. Eoin O'Driscoll appointed as the new CEO effective March 1, 2026, and Mr. JP van Staden as CFO, subject to regulatory approval [16][18]

Core Viewpoint - Alphamin Resources Corp. reported a strong operational update for Q3 2025, highlighting significant increases in tin production and sales, alongside improved financial metrics such as EBITDA and AISC. Operational and Financial Performance - Contained tin production reached 5,190 tonnes for Q3 2025, a 26% increase from the previous quarter and in line with the target of 5,000 tonnes [2][8] - The average tin grade processed was 3.09% Sn, slightly down by 2% from the previous quarter [1] - Overall plant recovery averaged 76%, a minor decrease from 77% in Q2 2025 [1][2] - Contained tin sales were 5,143 tonnes, reflecting a 12% increase from the prior quarter [3][8] Financial Metrics - EBITDA guidance for Q3 2025 is projected at US$96 million, a 28% increase from the previous quarter's actual of US$75 million [5][8] - AISC per tonne of tin sold is estimated at US$15,900, down 3% from US$16,387 in Q2 2025 [4][8] - The average tin price achieved was US$33,877 per tonne, a 4% increase from the prior quarter [3][8] Cash Position - The company had US$57 million in cash as of September 30, 2025, down from US$110 million at the end of June 2025, due to tax payments and dividend distributions [6][8] Production Guidance - The company expects to produce approximately 5,000 tonnes of contained tin in the final quarter of FY2025, raising the annual production guidance to between 18,000 and 18,500 tonnes, up from the previous estimate of 17,500 tonnes [5][8] Exploration Update - Exploration drilling at Mpama North and Mpama South has resumed, with significant assay results indicating promising tin intercepts [9][15] - The exploration strategy aims to increase the resource base and discover new tin deposits in proximity to the Bisie mine [14][9]