Alphamin Reports Fatal Accident at Mpama South Mine in DRC

Alphamin Resources ( (TSE:AFM) ) has issued an update.

Alphamin Resources has reported a fatal accident at its Mpama South underground tin mine in the Democratic Republic of the Congo, where an employee of its operating subsidiary Alphamin Bisie Mining S.A. was killed when a blast detonated unexpectedly during the connection of blasting wires after the scheduled evacuation for the night shift blast. The company says mining activities were temporarily suspended following the incident, the relevant authorities have been notified, operations have since restarted after an official visit, and a full investigation will be conducted to determine the exact cause, underscoring ongoing safety concerns and operational risks at its flagship operation.

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.

Alphamin Resources scores highly due to its strong financial performance and attractive valuation. The company’s recent corporate events, including increased production and dividend announcements, further bolster its outlook. While technical indicators show bullish momentum, caution is advised due to the RSI indicating potential overbought conditions.

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

More about Alphamin Resources

Alphamin Resources Corp. is a tin mining company operating through its subsidiary Alphamin Bisie Mining S.A. in the Democratic Republic of the Congo, where it runs the Mpama South underground mine in east-central DRC.

Average Trading Volume: 1,032,479

Technical Sentiment Signal: Buy

Current Market Cap: C$1.53B

See more insights into AFM stock on TipRanks’ Stock Analysis page.