ALPHAMIN ANNOUNCES CAD$0.13 PER SHARE INTERIM FY2026 DIVIDEND/ Q3 GUIDANCE/EXPLORATION UPDATE

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeGlobeNewswireThis section is The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire ALPHAMIN ANNOUNCES CAD$0.13 PER SHARE INTERIM FY2026 DIVIDEND/ Q3 GUIDANCE/EXPLORATION UPDATEAuthor of the article:Grand Baie, MAURITIUS, Oct. 06, 2026 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”), is pleased to announce its interim FY2026 dividend and provide an operational update for the quarter ended September 2026:THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountInterim FY2026 dividend of CAD$0.13 per shareQuarterly tin production and sales of 5,030 and 5,046 tonnes respectivelyQ3 EBITDA2,3 guidance of US$171m, up 2% from the prior quarterBGH206D2_T5 assay result received: 19.29m @ 5.76% Sn — widest and highest-grade intercept in the current resource expansion programme at Mpama South to dateThis advertisement has not loaded yet, but your article continues below.Operational and Financial Summary for the Quarter ended September 20261Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againDescriptionUnitsQuarter ended September 2026Quarter ended June 2026ChangeOre ProcessedTonnes213,454211,0341%Tin Grade Processed% Sn3.23.3-1%Overall Plant Recovery%72.972.80%Contained Tin ProducedTonnes5,0305,0130%Contained Tin SoldTonnes5,0465,0141%EBITDA2,3 (Q3 2026 guidance)US$’000171,000167,2802%AISC2, 3 (Q3 2026 guidance)US$/t sold20,64219,0428%Net Cash/Debt3US$’000199,78090,671120%Average Tin Price AchievedUS$/t54,37451,9575%__________________________________________________________________________________________ 1Information is disclosed on a 100% basis. Alphamin indirectly owns 84.14% of its operating subsidiary to which the information relates. 2Q3 2026 EBITDA and AISC represent management’s guidance. 3This is not a standardized financial measure and may not be comparable to similar financial measures of other issuers. See “Use of Non-IFRS Financial Measures” below for the composition of this financial measure. This advertisement has not loaded yet, but your article continues below.Operational and Financial PerformanceContained tin production of 5,030 tonnes for the quarter ended September 2026 was in line with the prior period and the Company’s forecast guidance of 20,000 tonnes per annum. Ore processed increased by 1% to 213,454 tonnes and the tin grade of the feed ore was down marginally from 3.3% in Q2, 2026 to 3.2% in Q3, 2026. Processing recoveries were similar to the prior quarter and achieved an overall plant recovery of 72.9%.Tin sales volumes were in line with production, supported by favourable road conditions and transit times during the quarter. The fourth quarter is historically the Company’s most logistically challenging period and current El Niño conditions raise the risk of a more disruptive rainy season than usual. The Company has proactively mobilised additional truck capacity and fuel reserves as a precautionary measure.Guidance for AISC per tonne of tin sold is US$20,642, up eight percent from the prior quarter. The increase comprises approximately $300 per tonne in off-mine costs such as royalties, export duties, the smelter deductor and marketing fees, which are directly proportionate to the tin price increase. The remainder pertains to higher on mine costs as a result of higher diesel cost and higher inbound and outbound logistics and transport costs.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.EBITDA for Q3 2026 is estimated at US$171m (Q2 2026: US$167m).Alphamin’s unaudited consolidated financial statements and accompanying Management’s Discussion and Analysis for the quarter ended 30 September 2026 are expected to be released on or about 12 November 2026.Interim FY2026 Dividend DeclaredThe Board has declared an interim FY2026 cash dividend of CAD$0.13 per share on the common shares (approximately US$120 million in the aggregate) (the “Dividend”). The Dividend will be payable on November 6, 2026 to shareholders of record as of the close of business on October 23, 2026.Drilling continued during the quarter at Mpama South and Mpama North, with a combined 4,531.55 metres completed (Q2 2026: 5,546.50 metres).A total of 3,574.65 metres were drilled at Mpama South during the quarter, with five holes completed and two abandoned due to difficult ground conditions. All intercepts below are reported as apparent widths and are not true widths.BGH206D2_T5 returned the widest and highest-grade result in the current resource expansion programme at Mpama South to date, with an interval of 19.29 metres grading 5.76% Sn from 426.41 metres depth, based on the certified assay results from ALS, including intense chlorite and sulphide alteration and massive cassiterite mineralisation.This advertisement has not loaded yet, but your article continues below.Four of the five holes completed during the quarter intersected visible cassiterite mineralisation, with external laboratory assays pending for all four: BGH206D3_T6 (3.60 metres, including 0.30 metres of massive cassiterite vein, from 455.04 metres depth); BGH209 (17 metres from 562 metres depth); BGH210D3 (5 metres from 517 metres depth); and BGH212 (4.40 metres within amphibolite schist from 546.60 metres depth, following a 5-metre zone of massive sulphide). BGH211 intersected a thick zone of massive sulphide at 478.40 metres depth but no visible cassiterite mineralisation. Intersections during the quarter are proximal to the existing resource boundary.External laboratory assays were also received during the quarter on previously disclosed holes. BGH204D1 returned a significant interval of 13.90 metres grading 1.68% Sn from 524.40 metres. BGH203D1 returned 1.35 metres @ 0.51% Sn from 577.85 metres, and BGH199 returned 0.50 metres @ 1.08% Sn from 606.50 metres.Image 1: Mpama North and South cross sectionPlease click to view imageThis advertisement has not loaded yet, but your article continues below.The underground exploration drive, which will provide platform access for future deep drilling, is approximately 30% complete, with underground drilling expected to commence in Q1 2027. Underground drilling platforms at depth are expected to unlock a different category of deep Mpama North testing that surface drilling cannot efficiently access.Drilling from surface at Mpama North was constrained during the quarter by the availability of drill rods, and two mother holes were abandoned following ground collapse and a rod breakage encountered in difficult ground conditions. Drill rod and spare parts availability is expected to normalise by mid-Q4 2026.VTEM Results and InterpretationA helicopter-borne VTEM™ Plus electromagnetic and magnetic survey, flown by Geotech Ltd. over two licence blocks, completed flying during the quarter. Interpretation and target ranking of the survey data by external consultants is underway and nearing completion.In the East Zone, which includes the Mpama Ridge corridor hosting the Company’s current Mpama North and Mpama South mines, a line-by-line review of the survey data has been completed and priority targets ranked. This has identified a number of high-priority responses which are coincident, or slightly offset to the east of, the prominent tin-in-soils geochemical anomaly that is present on Mpama Ridge. This is consistent with the generally steep eastwards dip of the known mineralisation, which is locally associated with massive sulphides. The responses are also concentrated along the same mica-schist stratigraphy that hosts known mineralisation. These responses define a strike-extensive zone which extends for over 7 km to the south of Mpama South and 3 km northwards from Mpama North. Plate modelling of the first group of priority conductors is underway, including conductors identified along strike to the south of Mpama South and north of Mpama North.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.In the West-Central Block, which remains entirely undrilled, a large number of anomalies have similarly been identified. Ranking and plate modelling of these targets will follow once the geochemical soil sampling and geological mapping currently underway (see below) provide the additional control needed to rank them with confidence.All target rankings remain preliminary at this stage, and no drill targets have yet been confirmed from the VTEM programme.Image 2: East Zone (Mpama Ridge corridor) EM decay-constant (Tau) map with magnetic vertical-gradient contours. Source: Geotech Ltd., VTEM™ Plus airborne geophysical survey.Please click to view imageA geochemical soil sampling programme, which commenced in Q2 2026, covers the Mpama Ridge north of the Oso River and areas with basement geology similar to that hosting the Bisie deposit. Phase one of the programme is planned to comprise approximately 13,000 samples over approximately six months; 3,868 samples were collected during the quarter within licence PR10346. A downhole electromagnetic survey tool, mobilised to site in Q2 2026, commenced operation in early Q3 2026 and is being used to map the spatial association between massive sulphides and tin mineralisation to help identify further resource extension drilling targets.This advertisement has not loaded yet, but your article continues below.Further extension drilling is planned to test the gap between Mpama North and Mpama South, depth extensions at Mpama North beyond currently defined faults, and targets north of Mpama North. The Company continues to plan an updated Mineral Resource and Reserve estimate for release in late Q4 2026.Mr. Jeremy Witley, Pr.Sci.Nat, is a qualified person (QP) as defined in National Instrument 43-101 and has reviewed and approved the exploration-related scientific and technical information contained in this news release. He is the head of Mineral Resources at MSA Group (Pty) Ltd, an independent technical consultant to the Company.Mr. Clive Brown, Pr. Eng., B.Sc. Engineering (Mining), is a qualified person (QP) as defined in National Instrument 43-101 and has reviewed and approved the remaining scientific and technical information contained in this news release. He is a Principal Consultant and Director of Bara Consulting Pty Limited, an independent technical consultant to the Company._________________________________________________________________________________________This advertisement has not loaded yet, but your article continues below.FOR MORE INFORMATION, PLEASE CONTACT:Eoin O’Driscoll CEO Alphamin Resources Corp. Tel: +230 269 4166E-mail: eoin.odriscoll@alphaminresources.comCAUTION REGARDING FORWARD LOOKING STATEMENTS Information in this news release that is not a statement of historical fact constitutes forward-looking information. Forward-looking statements contained herein include, without limitation, statements relating to EBITDA and AISC guidance for Q3 2026; expectations regarding annual targeted processing volumes, tin grades and contained tin production; expectations regarding the supply and demand for tin and the tin price; the declaration and payment of the Dividend; logistics and road conditions during the rainy season; the expected timing of underground drilling at Mpama North and the normalisation of drilling supplies; planned exploration drilling; the expected timing of the updated Mineral Resource and Reserve estimate; and the expected release date of the Q3 2026 financial statements. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Although Alphamin has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to: the availability of ore at expected quantities and grades, uncertainties regarding global supply and demand for tin and market and sales prices together with the impact of reported and unreported global tin stocks on the tin price, uncertainties with respect to social, community and environmental impacts, uninterrupted access to required infrastructure and third party service providers, uncertainties regarding the state of inbound and outbound roads and truck availabilities, adverse political events and risks of security related incidents which may impact the operation or safety of its people, uncertainties regarding the legislative requirements in the Democratic Republic of the Congo which may result in unexpected fines and penalties or the ability to continue with normal operations, impacts of the Ebola outbreak or other health crises on mining operations and commodity prices as well as those risk factors set out in the Company’s annual Management Discussion and Analysis and other disclosure documents available under the Company’s profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and Alphamin disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.USE OF NON-IFRS FINANCIAL PERFORMANCE MEASURESThis announcement refers to the following non-IFRS financial performance measures: EBITDA is profit before net finance expense, income taxes and depreciation, depletion, and amortization. EBITDA provides insight into our overall business performance (a combination of cost management and growth) and is the corresponding flow driver towards the objective of achieving industry-leading returns. This measure assists readers in understanding the ongoing cash generating potential of the business including liquidity to fund working capital, servicing debt, and funding capital expenditures and investment opportunities. This measure is not recognized under IFRS as it does not have any standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other issuers. EBITDA data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.This advertisement has not loaded yet, but your article continues below.This measures the cash costs to produce and sell a tonne of contained tin. This measure includes mine operating production expenses such as mining, processing, administration, indirect charges (including surface maintenance and camp and head office costs), and smelting, refining and freight, distribution and royalties. Cash Costs do not include depreciation, depletion, and amortization, reclamation expenses, capital sustaining, borrowing costs and exploration expenses. On mine costs, exclusive of stock movement, are calculated on a cost per tonne produced basis, off mine costs are calculated on a cost per tonne sold basis.This measures the cash costs to produce and sell a tonne of contained tin plus the capital sustaining costs to maintain the mine, processing plant and infrastructure. This measure includes the Cash Cost per tonne and capital sustaining costs together divided by tonnes of contained tin produced. All-In Sustaining Cost per tonne does not include depreciation, depletion, and amortization, reclamation, borrowing costs, foreign exchange gains and losses, exploration expenses and expansion capital expenditures.This advertisement has not loaded yet, but your article continues below.Sustaining capital expenditures are defined as those expenditures which do not increase payable mineral production at a mine site and excludes all expenditures at the Company’s projects and certain expenditures at the Company’s operating sites which are deemed expansionary in nature.Net cash is defined as cash and cash equivalents less total current and non-current portions of interest-bearing debt and lease liabilities.Appendix 1: SAMPLE PREPARATION, ANALYSES AND QUALITY CONTROL AND QUALITY ASSURANCE (QAQC)Mpama North and Mpama South diamond drilling was completed from surface. The collar positions of the drillholes were accurately surveyed by Alphamin Bisie Mining (ABM) and down-hole surveys were completed by the drilling contractor allowing for accurate location of the mineralised intercepts. Cores were logged, mineralised intervals were identified and half core samples were taken at nominal 1 m intervals by the ABM geologists, which included the insertion of various certified reference material and blank samples (QAQC). No significant issues with the QAQC samples were noted. At the on-site ABM laboratory (managed by Anchem), samples were first checked off against the submission list supplied and then weighed and oven dried for 2 hours at 105 degrees Celsius. The dried samples were crushed by jaw crusher to 75% passing 2mm, from which a 250g riffle split was taken. This 250g split was pulverised in ring mills to 90% passing 75μm from which a sample for analysis was taken. Received samples at ALS Johannesburg are checked off against the list of samples supplied and logged in the system. Quality Control is performed by way of sieve tests every 50 samples and should a sample fail, the preceding 50 samples are ground in a ring mill pulveriser using a carbon steel ring set to 85 % passing 75μm. Samples are analysed for tin using method code ME-XRF05 conducted on a pressed pellet with 10% precision and an upper limit of 5,000ppm. The over-limit tin samples are analysed as fused disks according to method ME-XRF15c, which makes use of pre-oxidation and decomposition by fusion with 12:22 lithium borate flux containing 20% Sodium Nitrate as an oxidizing agent, with an upper detection limit of 79% Sn.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.Appendix 2: SIGNIFICANT INTERCEPTS (0.5% Sn lower threshold)Mpama South Drillholes prefixed “BGH”Mpama North Drillholes prefixed “MNUD” and “MND”BHIDEastingNorthingRL_mAzi (°)Dip (°)FROMTOSn %LENGTH_mSample position GPSGPS mid xmid ymid z BGH1895829759884510827270-453223231.020.765827459884502602 BGH190No significant interceptsBGH191A5830959884803783270-605215300.959.045828119884795344 5335341.050.865828059884795338 BGH1925831419884873783273-685335380.924.985828099884880365 5405454.315.085828049884880361 5475484.671.815828009884881358 5525574.185.455827959884881353 BGH193No significant interceptsBGH192ANo visible mineralized intersection observedBGH1945831599885089753270-684894910.921.945829219885076327 4944974.263.045829189885076323 4985011.992.835829159885076319 5025031.970.885829139885076317 BGH195ANo significant interceptsBGH198D1No visible mineralized intersection observedBGH196AD15831669885210720265-564084212.1012.945829129885196393 BGH196BNo visible mineralized intersection observedBGH1995831419884873783275-64606.56071.080.505828459884852270 BGH200No visible mineralized intersection observedBGH203D15829589884870834277-835785790.511.355828389884849289 BGH204D15830929884805783275-66524.40538.301.6813.905828229884805335 541.23541.480.890.25 BGH205D1No visible mineralisationBGH206D2_T55830749885127758275-75426.41445.705.7619.295829309885135345 BGH206D3_T65830749885127758275-75Visible cassiterite mineralisation observed over 3.60 metres from 455.04 meters depth; with 0.30 meters of massive cassiterite vein. BGH206D4_T7Abandoned the hole due to collapsing ground and bogging rods BGH209D2Abandoned the hole due to ground collapse BGH207Abandoned the hole due to collapsing ground and bogging rods BGH208A5831269885355742244-56No visible mineralized intersection observed. BGH2095831399884868784277-60Visible cassiterite mineralisation observed 17 metres, with intense chlorite alteration from 562 meters depth. BGH210D35831629885002781277-64Visible cassiterite mineralization observed of 5 meters with chlorite and sulphide alterations from 517 metres depth. BGH2115830769885130758269-79No visible mineralized intersection observed. BGH2125830929884805783264-655 meters massive sulphide zone intersected from 541.60 meters followed by visible cassiterite mineralization observed 4.40 meters within Amphibolite schist MNUD0015829539886224477270036360.970.655829179886224477 MNUD00258295398862244782712031310.610.255829259886224488 MNUD00358295398862244792704155570.602.175829119886224515 73731.100.355828989886224526 MNUD0045829539886224476269-2040400.680.445829159886224462 MNUD005No significant interceptsMNUD006No significant interceptsMNUD007No significant interceptsMNUD008A582978988623047585-7324825713.639.305830529886230234 2592673.657.205830569886229224 2692773.548.045830599886229214 MNUD009582977988623547768-7423624641.4710.105830429886252245 24925814.728.655830459886253233 2632651.751.825830489886253223 2662702.643.425830499886253219 MNUD010No significant interceptsMNUD011No significant interceptsMND054ANo visible mineralized intersection observed.MND056AD1_T1Visible cassiterite mineralization intersection; 0.81m @ 0.72% ALS Assay from 567.63m.MND055D1_T3No visible mineralized intersection observed.MND056BD1_T2No significant tin intersection.MND056BD2_T4No visible mineralized intersection observed.MND057D1_T6No significant interceptsMND056BD4_T5No visible mineralisationMND057D2_T7Intersected 1m of intense chlorite alt with two thin veins of CAS 2-5mm @ 696mOSD005No visible mineralized intersection observed; with thin sulphide alterations. This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.