Alphamin Resources (TSXV: AFM) has reduced its tin production outlook for the entire year to 17,500 tonnes, down from the previously anticipated 20,000 tonnes, due to recent war-related disruptions near its Bisie mine in the eastern Democratic Republic of Congo.
The company reported that tin production in the first quarter of 2025 fell by 18% to 4,270 tonnes, compared to 5,237 tonnes in the fourth quarter of 2024.
Alphamin Resources’ shares dropped by 1.2% in midday trading on Thursday, resulting in a market capitalization of C1.05 billion (US760 million).
Bisie, which accounts for approximately 6% of global tin supply, resumed processing ore stockpiles this week following the withdrawal of rebels from the area. Alphamin indicated that underground mining operations are expected to restart later this month.
Last year, the mine produced around 17,300 tonnes of tin. This temporary suspension impacted first-quarter production and led to the revised annual forecast.
The conflict in eastern Congo has intensified in recent months, with M23 rebels seizing several key areas, including the regional capital Goma, a crucial logistics hub for mining operations despite repeated attacks by the Wazalendo, allied with the Congolese armed forces to retake the city.
With Coco Kabwika
