Alphamin Resources Corp. (V:AFM)
Business Focus: Nonferrous Metal Mining
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | C2-202, Level 2, Office Block C GRAND BAY 30517 |
| Tel: | N/A |
| Website: | https://alphaminresources.com |
| IR: | See website |
| Key People | ||
| Maritz Smith Chief Executive Officer, Director | Eoin O Driscoll Chief Financial Officer, Director | Trevor John Faber Chief Operating Officer |
| Richard Robinson Managing Director | Boris Richard Kamstra Executive Director | Zain Mehtab Madarun Secretary, Director |
| Business Overview |
| Alphamin Resources Corp. 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 sells its product to one customer, Gerald Metals SA. The Company's Mpama South development project is adjacent to the producing Mpama North mine and comprises a new underground development portal, processing plant and associated equipment. The Company has developed and brought the Bisie Tin Mine project in production. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Alphamin Resources Corp revenues decreased 26% to $288.5M. Net income decreased 53% to $47.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Profit/(Loss) on foreign exchange increase from $499K to $2.3M (expense), Telecommunication costs increase of 70% to $1.2M (expense). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,538M as of Dec 31, 2023 |
| Annual revenue (TTM): | $394.13M as of Dec 31, 2023 |
| EBITDA (TTM): | $186.19M as of Dec 31, 2023 |
| Net annual income (TTM): | $64.51M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$232.98M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $100.40M as of Dec 31, 2023 |
| Shares outstanding: | 1,275,543,813 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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