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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.
Press release content from Accesswire. The AP news staff was not involved in its creation.
Updated PEA to be Prepared for Unkur Copper-Silver Deposit and Private Placement
February 16, 2021 GMT
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / February 16, 2021 / AZARGA METALS CORP. (“Azarga Metals” or the “Company”) (TSXV:AZR) is pleased to announce that Wardell Armstrong International (“WAI”) has been awarded a contract to complete an updated Preliminary Economic Assessment (“PEA”) for the Company’s 100% owned Unkur Copper-Silver Project in Eastern Russia.
Michael Hopley, President and CEO said: “We are enthusiastic about Wardell Armstrong’s involvement in the Unkur project because of their wide international experience and their knowledge of and recent experience with these types of copper-silver deposits in this part of Russia.”
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