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Alphamin lifts 2025 tin output, EBITDA and dividends as prices surge

Story Highlights
  • Alphamin grew 2025 tin output and EBITDA on higher prices and full-year Mpama South contribution.
  • Despite cost pressures and a security disruption, the miner met guidance, strengthened cash and flagged higher dividend potential.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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The latest update is out from Alphamin Resources ( (TSE:AFM) ).

Alphamin Resources reported a 7% rise in tin output to 18,576 tonnes for 2025 and a 25% jump in EBITDA to US$341m, driven by higher production, a full year of contribution from the Mpama South expansion and a 13% increase in average realized tin prices. Despite a temporary security-related shutdown in March 2025 and higher costs from DRC diesel taxes and marketing fees, the group maintained production in line with guidance, generated stronger cash flows, lifted annual dividends, and issued 2026 guidance of about 20,000 tonnes of contained tin alongside an ongoing exploration campaign.

Fourth-quarter 2025 production of 5,008 tonnes met the company’s 5,000-tonne quarterly target, although plant recoveries dipped to 73% due to feed grade fluctuations. Alphamin ended the year with US$56m in cash after debt service, tax payments and US$123m in dividends, and said the current tin price near US$50,000 per tonne underpins further cash flow growth and the potential for higher shareholder payouts, even as all-in sustaining costs rise with price-linked marketing charges and local fuel taxes.

The most recent analyst rating on (TSE:AFM) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Alphamin Resources stock, see the TSE:AFM Stock Forecast page.

Spark’s Take on TSE:AFM Stock

According to Spark, TipRanks’ AI Analyst, TSE:AFM is a Outperform.

Score is driven primarily by strong financial performance (profitability, low leverage, and rising free cash flow). Valuation also supports the rating with a modest P/E and high dividend yield. Technicals are positive trend-wise but tempered by overbought momentum signals (high RSI/Stochastic), which adds near-term volatility risk.

To see Spark’s full report on TSE:AFM stock, click here.

More about Alphamin Resources

Alphamin Resources is a tin producer listed in Toronto and Johannesburg, operating its main assets in the Democratic Republic of Congo. The company focuses on high-grade tin mining and processing, with an expanded production base following the completion of its Mpama South project in 2024, positioning it as a key supplier to the global tin market.

Average Trading Volume: 1,489,374

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$1.71B

Learn more about AFM stock on TipRanks’ Stock Analysis page.

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