-- Alphamin Resources (AFM.V), up 5.7% on last look, on Thursday said a strong tin price has led it to hike its EBITDA guidance for its fiscal first quarter ended March 31 toUS$158 million, a 46% jump from the preceding quarter's US$108 million.
Tin production for the quarter was 5,026 tonnes, in line with annual target guidance of 20,000 tonnes. Alphamin reported tin sales of 5,016 tonnes, compared with 5,045 tonnes in the fourth quarter of 2025. The tin price rose from US$37,995 per tonne average in the fourth quarter 2025 to US$49,278 average in the first quarter 2026, resulted in a net cash increase of US$128 million, the company said.
Higher fuel prices are expected to impact the second quarter, Alphamin noted.
The company will make a final FY2025 dividend decision later this month.
Alphamin shares were last seen up $0.07 to $1.29 on the TSX Venture Exchange.
Price: $1.29, Change: $+0.07, Percent Change: +5.74%