Alphamin Resources lifted contained tin output to 4,270 tonnes in the first quarter of 2025, a 36% increase from the 3,142 tonnes produced in Q1 2024, yet an 18% decline from the 5,237 tonnes recorded in Q4 2024 after operations were halted on March 13 due to regional unrest
Daily throughput averaged roughly 1,100 tonnes at an ore grade of 3.55%, 18% above the planned 3.0% for FY 2025, lifting mill recoveries to 75%, ahead of the 73% target.
Underlying EBITDA guidance for Q1 2025 stands at US $62 million, down from US $76 million in the prior quarter, as fixed costs and care‑and‑maintenance expenditures persisted through the suspension . 
All‑in sustaining costs reached US $16,339 per tonne sold, 9% higher than the US $15,034 logged in Q4 2024, reflecting payroll outlays and evacuation expenses during the stoppage .
Having produced an estimated 17,300 tonnes of contained tin in 2024—approximately 6% of global supply—Alphamin narrowed its FY 2025 production forecast to 17,500 tonnes from an earlier 20,000 tonne outlook .
At April 17, the company held US $99 million in cash, with a further US $38 million of sales proceeds due by month‑end . Its US $53 million overdraft facility remains available pending final documentation, subject to either a US $28 million guarantee or equivalent repayment by May 31.
Security concerns stemmed from the advance of M23 insurgents through North and South Kivu provinces, including the capture of Goma and Bukavu in late January and the occupation of Walikale on March 20. Following the withdrawal of hostile forces east of Walikale in early April, Alphamin restarted processing of run‑of‑mine stockpiles on April 15, with underground operations slated to resume later in the month and logistics providers redeploying to normalise inbound supplies and outbound concentrate shipments.
In corporate developments, Managing Director John Robertson retired after steering the Bisie operation through its low‑cost expansion phase. Subject to regulatory approval, Jac van Heerden, a 25‑year mining veteran with extensive African and underground management experience, will succeed him.
The Qualified Person Clive Brown, Pr. Eng., B.Sc. (Eng.‑Mining), of Bara Consulting Pty Ltd., has reviewed and approved the technical disclosures.
