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 three months ended 31 March 2024, Alphamin Resources Corp revenues increased 32% to $109.3M. Net income increased 26% to $20.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was partially offset by Bank overdraft interest increase from $0K to $871K (expense), Trader finance increase of 69% to $1.6M (expense). |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,709M as of Mar 31, 2024 |
Annual revenue (TTM): | $433.76M as of Mar 31, 2024 |
EBITDA (TTM): | $200.42M as of Mar 31, 2024 |
Net annual income (TTM): | $70.98M as of Mar 31, 2024 |
Free cash flow (TTM): | -$132.34M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $38.47M as of Mar 31, 2024 |
Shares outstanding: | 1,275,543,813 as of Mar 31, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |