Alphamin estimates Q1 EBITDA up 46% on higher tin prices

ReutersApr 9, 2026 1:23 PM

Overview

Mauritius tin miner's Q1 EBITDA estimated to have risen 46% from prior qtr on higher tin prices
Tin production and sales volumes were steady compared to Q4 2025
AISC per tonne sold rose 7% due to higher royalties and export duties

Outlook

Company guides Q1 2026 EBITDA at US$157.8 mln
Company guides Q1 2026 AISC at US$17,968 per tonne sold
Company expects higher fuel prices to affect Q2 2026 results

Result Drivers

TIN PRICE INCREASE - Co said a 30% rise in average tin price was the main factor behind record Q1 EBITDA guidance
HIGHER ROYALTIES AND EXPORT DUTIES - Co said AISC per tonne rose 7% mainly due to increased royalties, export duties, marketing commissions and net smelter returns, which are calculated with reference to the higher tin price

Company press release: ID:nGNX3pGmtH

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