# ALPHAMIN ANNOUNCES RECORD Q1 EBITDA GUIDANCE OF US$158 MILLION/ EXPLORATION UPDATE Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q1-ebitda-guidance-of-us-158-million-exploration-updat--78868708-c46f-4bac-a2da-60eac6c737fd Original source: https://money.tmx.com/en/quote/AFM/news/4658670700162321/alphamin-announces-record-q1-ebitda-guidance-of-us-158-million-exploration-updat Publisher: tmx Original announcement: 2026-04-09T13:09:11.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Alphamin Resources Corp. - Ticker: AFM - Exchange: TSX - Region: Democratic Republic of the Congo - Primary commodity: Tin - Secondary commodities: None reported - Document categories: Drill results, Production - Extracted: 2026-09-13 11:02:50 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Alphamin Resources reported record Q1 2026 EBITDA guidance of US$158 million, driven by a 30% increase in average tin prices. The company also provided an exploration update featuring encouraging preliminary in-house XRF assay results from the Mpama South project. Reasoning: The company reported record EBITDA guidance and a massive increase in net cash, alongside encouraging \(though preliminary\) drill intercepts at Mpama South. - Positive factor: Record EBITDA guidance of US$158m - Positive factor: Significant increase in net cash position - Positive factor: Strong tin price achievement - Positive factor: Encouraging preliminary drill results at Mpama South - Negative factor: Rising AISC due to royalties and duties - Negative factor: Expected increase in fuel costs for Q2 - Negative factor: Preliminary drill results are in-house XRF and pending final ALS assays Facts used in scoring: 3 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: Release details extensive QA/QC protocols including standards, blanks, and duplicates, and mentions ALS-Johannesburg as an accredited lab. Evidence · text > The program is designed to include a comprehensive analytical quality assurance and control routine **Apparent Width Only** Polarity: negative Definition: Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness. Why it applies: The preliminary assay results are provided as downhole intercepts without true width or drill orientation stated. Evidence · table > 0.63% Context: 0.81 ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Drill Results (3) ### MND056A\_D1\_T1 [Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q1-ebitda-guidance-of-us-158-million-exploration-updat--78868708-c46f-4bac-a2da-60eac6c737fd#fact-drill-facts-0) Mpama North · tin #### Identity - Hole ID: MND056A\_D1\_T1 - Project: Mpama North - Commodity: tin - Region: democratic republic of the congo - Reported Region: democratic republic of the congo - Ticker: AFM #### Geometry - Grade: 0.63 - Grade Unit: % - Intercept: 0.81 m - From: 567.63 m - To: 568.44 m - Intercept Depth: 567.63 m #### Classification - Program: exploration - Sample Type: drill - Group ID: MND056A\_D1\_T1:567.63-568.44 #### QA/QC - Laboratory: Alphamin-Bisie laboratory - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-09T00:00:00.000Z Reasoning: Thin, low-grade intercept reported via in-house XRF. - Negative factor: Low grade intercept - Negative factor: Preliminary in-house XRF results pending final ALS confirmation Evidence · table > 0.63% Context: 0.81 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BGH196A \(Zone 1\) [Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q1-ebitda-guidance-of-us-158-million-exploration-updat--78868708-c46f-4bac-a2da-60eac6c737fd#fact-drill-facts-1) Mpama South · tin #### Identity - Hole ID: BGH196A \(Zone 1\) - Project: Mpama South - Commodity: tin - Region: democratic republic of the congo - Reported Region: democratic republic of the congo - Ticker: AFM #### Geometry - Grade: 2.46 - Grade Unit: % - Intercept: 7.01 m - From: 407.84 m - To: 414.85 m - Intercept Depth: 407.84 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BGH196A \(Zone 1\):407.84-414.85 #### QA/QC - Laboratory: Alphamin-Bisie laboratory - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-09T00:00:00.000Z Reasoning: Encouraging preliminary grade and width from in-house XRF. - Positive factor: Encouraging grade and width - Negative factor: Preliminary in-house XRF results pending final ALS confirmation Evidence · table > 2.46% Context: 7.01 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ### BGH196A \(Zone 2\) [Link to this fact](https://atlas-extractions.minestarters.com/news/alphamin-announces-record-q1-ebitda-guidance-of-us-158-million-exploration-updat--78868708-c46f-4bac-a2da-60eac6c737fd#fact-drill-facts-2) Mpama South · tin #### Identity - Hole ID: BGH196A \(Zone 2\) - Project: Mpama South - Commodity: tin - Region: democratic republic of the congo - Reported Region: democratic republic of the congo - Ticker: AFM #### Geometry - Grade: 3.01 - Grade Unit: % - Intercept: 3.78 m - From: 417 m - To: 420.78 m - Intercept Depth: 417 m #### Classification - Program: exploration - Sample Type: drill - Group ID: BGH196A \(Zone 2\):417-420.78 #### QA/QC - Laboratory: Alphamin-Bisie laboratory - QA/QC Disclosed: Yes - Lab Certified: Yes - QP Signed: Yes #### Review - Needs Review: No - Interp. Status: scored - Historical: No #### Dates - Event date: 2026-04-09T00:00:00.000Z Reasoning: High grade intercept reported via in-house XRF. - Positive factor: High grade intercept - Negative factor: Preliminary in-house XRF results pending final ALS confirmation Evidence · table > 3.01% Context: 3.78 #### Tags used in scoring **QA/QC Disclosed** Polarity: positive Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: qaqc\_disclosed is true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.