Tin Recovery Plant News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Government support for critical minerals
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Alphamin Announces Q2 2021 EBITDA Guidance of US$34m and Production, Sales and Growth Projects Update
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Alphamin Announces Q2 2021 EBITDA Guidance of US$34m and
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Operational and Financial Performance
Contained tin sales of 3,351 tons was 45% higher than the previous quarter as we recouped the sales shortfall of Q4 2020. Contained tin production of 2,611 tons was impacted by a lower feed grade of 3.8% Sn compared to 4.2% Sn the previous quarter. Tin feed grades are variable between quarters but on average trend close to the targeted 4% Sn Reserve Grade over a rolling 12-month period. The processing plant performed well at an average recovery of 74% whilst treating more material than the previous quarter.
EBITDA of $36,5m for Q1 2021 is 118% above the previous quarter due to increased sales volumes benefiting from a 25% higher tin price. Tin prices are currently trading at around $29,000/t, some 26% above prices achieved during Q1 2021.