Alphamin achieved record tin production of 3,187 tonnes for the quarter ended March 2023, exceeding market guidance of 3,000 tonnes. Run-of-mine volumes processed were scaled back due to the higher tin grades in order to increase recoveries. The run-of-mine and crushed ore stockpiles ahead of the processing plant were at record levels at quarter-end, being 15,011 tonnes at an average tin grade of 5,98%.Sales volumes were in line with production at a tin price of US$26,432/t. Guidance for AISC per tonne of tin sold is 4% higher than the prior quarter at US$13,900 due to the increase in tin prices which impacts off-mine costs such as royalties, export duties, the smelter deductor and marketing fees. Commendable production and sales together with a higher tin price resulted in a 53% increase in expected EBITDA of US$41.4 million for the quarter.
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