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ALPHAMIN ANNOUNCES FILING OF YEAR END FINANCIAL RESULTS/AWARD OF LONG TERM INCENTIVES/EXPLORATION UPDATE
Grand Baie, MAURITIUS, March 11, 2026 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH...
About this update from Alphamin Resources Corp.
[{"type":"text","content":"ALPHAMIN ANNOUNCES FILING OF YEAR END FINANCIAL RESULTS/AWARD OF LONG TERM INCENTIVES/EXPLORATION UPDATE\nGrand Baie, MAURITIUS, March 11, 2026 (GLOBE NEWSWIRE) -- Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”) is pleased to provide the following update for the year and quarter ended 31 December 2025: FY2025 tin production of 18,576 tonnes, up 7% from the prior yearQ4 2025 tin production of 5,008 tonnes (Q3: 5,190 tonnes)FY2025 EBITDA2 of US$341m, an increase of 25% from FY2024 at a tin price of US$34,373/t (Current price: ~US$50,000/t)Q4 2025 EBITDA2 of US$108m, up 13% from the prior quarterFY2026 contained tin production guidance of approximately 20,000 tonnesExploration campaign progressing Operational and Financial Summary for the Year and Quarter ended December 20251 DescriptionUnitsYear ended December 2025Year ended December 2024ChangeQuarter ended December 2025Quarter ended September 2025ChangeOre ProcessedTonnes752 357738,0672%202 360221 581-9%Tin Grade Processed% Sn3.33.15%3.43.110%Overall Plant Recovery%75750%7376-4%Contained Tin ProducedTonnes18 57617,3247%5 0085 190-4%Contained Tin SoldTonnes18 63817,8654%5 0455 143-2%EBITDA2US$'000341 401274,04525%108 32696 20013%AISC2US$/t sold16 36015,3047%16 81515 9785%Dividends paid (Cents per share)C$ cps11922%47-43%Average Tin Price AchievedUS$/t sold34 37330,34513%37 99533 87812%                          1Information is disclosed on a 100% basis. Alphamin indirectly owns 84.14% of its operating subsidiary to which the information relates. 2This is not a standardized financial measure and may not be comparable to similar financial measures of other issuers.See “Use of Non-IFRS Financial Measures” below for the composition and calculation of this financial measure.Operational and Financial Performance Contained tin production of 5,008 tonnes for the quarter ended December 2025 was in line with the targeted quarterly production of 5,000 tonnes and 4% lower than the prior quarter. The tin grade of ore processed for the quarter was higher than planned and, as a result, throughput was reduced to balance contained tin in the plant. The processing facilities achieved recoveries of 73% for the quarter, ...