Credit: Alphamin Resources Corp.
Alphamin Resources (TSXV: AFM) has lowered its full-year tin production forecast to 17,500 tonnes, down from its earlier guidance of 20,000 tonnes, due to recent conflict-related disruptions at its Bisie mine in eastern Democratic Republic of Congo.
The company reported that tin output in the first quarter of 2025 dropped 18% to 4,270 tonnes, compared to 5,237 tonnes in Q4 2024.
The decline follows a temporary halt in operations in March after Rwanda-backed M23 rebels advanced into the nearby town of Walikale.
Shares of Alphamin Resources fell 1.2% by midday Thursday, for a market capitalization of C$1.05 billion ($760 million).
Bisie, which contributes roughly 6% of the world’s tin supply, resumed processing stockpiled ore this week after rebels withdrew from the area. Alphamin noted that underground mining operations are expected to restart later this…
