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An announcement from Alphamin Resources ( (TSE:AFM) ) is now available.
Alphamin Resources Corp. has temporarily ceased operations at its Bisie tin mine due to security threats from advancing insurgent militant groups in the region. The company prioritizes the safety of its employees and is evacuating non-essential personnel while monitoring the situation closely. Peace talks are scheduled, and the company hopes to resume operations when it is safe. Additionally, Alphamin is working with a US firm to seek diplomatic intervention and is assessing the impact of the shutdown on its financial disclosures, with no significant delays anticipated.
More about Alphamin Resources
Alphamin Resources Corp. operates in the mining industry, primarily focusing on tin production. The company owns the Bisie tin mine located in the Walikale District of the North Kivu Province in the Democratic Republic of the Congo (DRC).
YTD Price Performance: -34.78%
Average Trading Volume: 786,933
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$931.6M
Find detailed analytics on AFM stock on TipRanks’ Stock Analysis page.
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