Alphamin Resources Corp. is pleased to provide the following operational update for the quarter ended December 2019: Bridge repair completed and officially opened on 25 January 2020 Q4 2019 Tin production of 2,235 tons – at the upper end of our guidance range AISC per ton of tin produced at US$12,426, in line with previous guidance and including incremental logistical costs while the bridge was under repair, arsenic [...]
Alphamin Resources Corp. is pleased to provide the following operational update: Step change in processing recoveries to 70% following plant modifications Q4 2019 tin production expected at upper end of the previous guidance range Processing solution to high arsenic confirmed for implementation early January 2020 Bridge repair progressing with completion expected end January 2020 Provisional invoicing for tin concentrate [...]
Alphamin Resources Corp. is pleased to announce financial and operating results for the three months ended September 30, 2019. All financial figures are in U.S. dollars. Highlights: Quarterly Tin production up 269% to 2,345 tons contained Plant performance up 50% and overall recoveries improved to 65% during August and September 2019 Commercial production effective 1 September 2019 - AISC of $11,518 per ton of contained [...]
Alphamin Resources Corp. reports that on 30 October 2019, a major bridge has collapsed some 53km south east of Kisangani along the main provincial road used for exporting all concentrate and importing major consumables. The extent of the damage and potential time to repair the bridge is currently unknown. We are investigating the most cost effective logistical alternatives with the aim of maintaining full production and [...]
Alphamin Resources Corp. is pleased to announce its production and sales report for the quarter ended September 30, 2019. Quarterly Highlights: Tin production up 269% over prior quarter to 2,345 tons contained Plant performance up 50% over the prior quarter and overall recoveries improved to 65% during the months of August and September 2019 Excellent safety performance with zero lost time injuries during the quarter [...]
Alphamin Resources Corp. is pleased to announce financial and operating results for the three and six months ended June 30, 2019. All financial figures are in U.S. dollars. Operational Highlights: Excellent safety performance with zero lost time injuries during the quarter Plant performance and overall recoveries significantly improved post quarter-end to 65% for the month of August 2019 Commercial production expected [...]
The board of Alphamin is pleased to announce a change of leadership at Alphamin which is precipitated by the company completing the “project build” phase and migrating to that of a steady state mining operation. Mr Boris Kamstra will step down as CEO with immediate effect. Boris has led the Alphamin team through its development and mine build phase and has done an extraordinary job in extraordinary conditions [...]
Alphamin Resources Corp. completed C4 Commissioning of its Bisie tin project Processing Plant. C4 involves feeding the system with material, checking instrumentation calibration, process flows and individual equipment throughput and building up to instantaneous design throughput. A C4 certificate indicates that a unit or the entire system is complete and can operate with material. C5 is the final stage of the [...]
Alphamin Resources Corp. is pleased to announce that it has commenced hot commissioning at its flagship Bisie Tin Project . Construction of the mine was completed in the first quarter of 2019. Wet commissioning, whereby the plant runs on water, was completed in the week commencing April 22, 2019. Hot commissioning, which involves feeding the plant with material, checking instrumentation calibration, process flows and [...]
Alphamin Resources Corp. announced today that it has completed its previously announced non-brokered private placement of equity units raising gross proceeds of C$15,960,000 from the sale of 79,800,000 Units . The Units were offered and sold at a price of C$0.20 per Unit with each Unit consisting of one common share and one common share purchase warrant . Each Warrant entitles the holder to acquire one additional common [...]
Alphamin Resources Corp. announced today that it intends to proceed with a non-brokered private placement of up to 79,800,000 equity units to raise gross proceeds of up to C$15,960,000 . The Company has determined to fund its anticipated working capital shortfall with equity through the Proposed Offering instead of debt and the previously announced proposed working capital facility from its lenders is not being proceeded [...]
Alphamin Resources Corp. is pleased to announce an update to the development status of its flagship tin project in the DRC. The processing plant front-end crushing circuit commissioning has been completed and has run at nameplate capacity of sixty tonnes per hour. To date, some six thousand, five hundred tons of ore has been crushed and stockpiled for feeding into the gravity separation circuit. Cold commissioning on the [...]