Mauritius' Alphamin Q4 EBITDA rises on higher tin prices
Overview
Mauritius tin miner's Q4 EBITDA rose 13% quarter-over-quarter, supported by higher tin prices
Q4 tin production fell 4% from prior quarter as throughput was reduced to balance tin in plant
FY2025 EBITDA increased 25% yr/yr, driven by higher production, sales and tin prices
Outlook
Alphamin sees FY2026 contained tin production at approximately 20,000 tonnes
Company expects off-mine costs to rise by ~US$1,500/t net of lower 2026 smelter charges, if tin prices remain elevated
Company plans substantial drilling campaign and airborne geophysical survey in 2026
Result Drivers
HIGHER TIN PRICES - Q4 EBITDA increase mainly attributed to a 12% rise in achieved tin price
THROUGHPUT REDUCTION - Q4 tin production fell as throughput was reduced to balance higher-than-planned ore grades in the plant
HIGHER OPERATING COSTS - Q4 AISC rose due to increased diesel prices from new DRC taxes and higher marketing fees
Company press release: ID:nGNX77BXCq
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 EBITDA |
| $108 mln |
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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