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Important link between South Africa s mining industry and its public capital markets is broken
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Alphamin reports more high-grade tin assays from Mpama South, stock jumps
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Thousands of people are fleeing Goma after authorities warn of a possible second volcanic eruption 27 May 2021 - 18:26 Helen Reid and Pratima Desai Residents walk near homes that were destroyed in a volcanic eruption near Goma, in the Democratic Republic of Congo, May 23 2021. Picture: REUTERS/DJAFFAR AL KATANTY
London Earthquakes following a volcanic eruption in Goma, a city near the Democratic Republic of Congo’s border with Rwanda, are disrupting exports of tin concentrate from mineral-rich North Kivu province, the International Tin Association (ITA) said on Thursday.
The industry association confirmed what two sources with direct knowledge told Reuters on Wednesday.
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Newly discovered footwall mineralised zone
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Chief Executive Officer, Maritz Smith comments:
“These drill results are very encouraging for the Mpama South Prospect and exceeded our expectations. Mineralisation within the Main and Footwall Zones point to another high-grade deposit. We are encouraged by the Mineral Resource expansion potential within our mining permit, and our view that the 13km long Bisie Ridge hosts multiple high-grade mineralised systems continue to be reinforced by these results. This brings us closer to realising our vision of becoming one of the world’s largest long-life tin producers.”
Exploration Strategy for 2021
Alphamin’s exploration initiative aims to extend the life-of-mine at its currently producing Mpama North mine, to declare a maiden mineral resource for the Mpama South Prospect (located 750 metres on strike from Mpama North mine) as well as to discover at least one additional deposit on the highly pr
Alphamin, CIBC, Chartwell at 52-Week Highs on News Alphamin Resources Corp. (V.AFM) hit a new 52-week high of 68 cents on Friday. Alphamin announced Record Q1 EBITDA of $36,5m , at a tin price of $23,083/t (Current: ~$29,000/t.
Canadian Imperial Bank of Commerce (T.CM) hit a new 52-week high of $130.79 on Friday. CIBC has outperformed much of the Canadian banking sector due to the resilience of its underlying business. A cost-to-income ratio of 54.9% in Q1 2021 reflects improvement in its operational efficiency.The economic recovery and a strong capital markets outlook should drive further growth in near-term earnings.
Chartwell Retirement Residences (T.CSH.UN) hit a new 52-week high of $12.97 on Friday. Chartwell announces that Institutional Shareholder Services Inc. (“ISS”), an independent proxy advisory firm that provides voting recommendations to shareholders, has issued a positive review of the Company s key resolutions relating to their upcoming Annual Me
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