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Alphamin - exploration update
Alphamin reported a record Q1 2026 EBITDA guidance of USD158 million, a 46% increase from the previous quarter, driven by a 30% rise in the tin price to an average of USD49 278 per tonne. Tin production was 5 026 tonnes, with sales of 5 016 tonnes, maintaining operational targets. The company's net cash surged by USD128 million to USD183 million. Exploration activities intensified, with drilling at Mpama North and South revealing some mineralisation, and new regional surveys planned. Alphamin is considering a final FY2025 dividend, with a board meeting scheduled for 29 April 2026. The company also amended its Omnibus Incentive Plan to align with TSX Venture Exchange requirements.
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