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Alphamin Resources Corp. (V:AFM)

Business Focus: Nonferrous Metal Mining

Sector:  Basic Materials Industry:  Specialty Mining & Metals
See Regulatory Filings on SEDAR
Company Contact
Address: C2-202, Level 2, Office Block C
Tel: N/A
IR: See website
Key People
Maritz Smith
Chief Executive Officer, Director
Eoin O Driscoll
Chief Financial Officer, Director
Trevor Faber
Chief Operating Officer
Richard Robinson
Managing Director
Boris Richard Kamstra
Executive Director
Zain Mehtab Madarun
Secretary, Director
Business Overview
Alphamin Resources Corp. (Alphamin) is a Mauritius-based company, which is engaged in the production and sale of tin concentrate from the Bisie Tin mine in the Democratic Republic of the Congo (DRC). The Company produces tin concentrate from its deposit at Mpama North. In addition, the Company has five exploration licenses covering a total of approximately 1,270 square kilometers in the North Kivu Province of the Democratic Republic of Congo (DRC). The Company's Mpama North mine is in production and has an output of approximately 10 000 tons of contained tin per annum. The Company has developed and brought the Bisie Tin Mine project in production.
Financial Overview
For the six months ended 30 June 2022, Alphamin Resources Corp revenues increased 79% to $257.7M. Net income increased from $10.3M to $72.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Warrants decrease of 97% to $482K (expense), Debt interest payable in cash decrease of 84% to $518K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $852.52M as of Jun 30, 2022
Annual revenue (TTM): $595.86M as of Jun 30, 2022
EBITDA (TTM): $369.91M as of Jun 30, 2022
Net annual income (TTM): $140.74M as of Jun 30, 2022
Free cash flow (TTM): $208.99M as of Jun 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 1,271,859,570 as of Jun 30, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization