ALPHAMIN RESOURCES CORPORATION - Alphamin Announces CAD$0.13 per Share Interim FY2026 Dividend/ Q3 Guidance/Exploration Update
What this filing means
Alphamin has declared an interim FY2026 cash dividend of CAD$0.13 per share — approximately US$120 million in aggregate — alongside Q3 operational figures that show the mine running in line with plan. Contained tin production of 5,030 tonnes matched the prior quarter and the 20,000-tonne annual target, while Q3 EBITDA guidance of US$171m is up 2% sequentially. The exploration update adds a genuine highlight: a 19.29-metre intercept grading 5.76% tin at Mpama South, the widest and highest-grade result in the current expansion programme to date. The operational figures and dividend declaration provide an update on quarterly performance, while the exploration intercept is new geological information.
Alphamin is paying shareholders a cash dividend of about 13 Canadian cents per share — roughly US$120 million in total — and its tin mine produced and sold just over 5,000 tonnes in the quarter, right on target. The company also found a very thick, high-grade tin intersection at its Mpama South project, which matters because it suggests the mine's resource could keep growing. The main watchpoint is that costs per tonne rose 8%, partly because tin prices went up and partly because diesel and transport got more expensive.
Bull case
- Q3 2026 EBITDA guidance is estimated at US$171m, up 2% from the prior quarter.
- Quarterly contained tin production was 5,030 tonnes, in line with the prior period and annual guidance of 20,000 tonnes.
- The Board declared an interim FY2026 cash dividend of CAD$0.13 per share, approximately US$120 million in aggregate.
- BGH206D2_T5 returned a 19.29m intercept grading 5.76% Sn, the widest and highest-grade intercept in the current Mpama South expansion programme to date.
Bear case
- Q3 AISC guidance was US$20,642 per tonne of tin sold, up eight percent from the prior quarter.
- Higher diesel costs and higher inbound and outbound logistics and transport costs contributed to the AISC increase.
- El Niño conditions raise the risk of a more disruptive rainy season during the historically challenging fourth quarter.
- Mpama North surface drilling was constrained by drill-rod availability, and two mother holes were abandoned following ground collapse and rod breakage.
- VTEM target rankings remain preliminary, and no drill targets have yet been confirmed from the programme.
AI-generated summary by SENS-AI, based on the original JSE SENS filing.
SENS-AI conclusion
A solid, cash-backed quarter with a dividend declaration and a standout exploration result. The EBITDA guidance of US$171m is a modest sequential improvement, production is tracking the annual plan, and the Mpama South intercept is the kind of drill result that supports the resource-expansion thesis. The AISC increase of 8% is a genuine cost pressure worth watching — the filing attributes roughly $300 per tonne to price-linked off-mine costs, but the remainder reflects higher diesel and logistics costs that are real input pressures regardless of the tin price. The pre-announcement move was minimal, describing drift before publication, not positioning for or against this event. So what: the operating engine is performing, but the market still needs the Q3 financial statements on 12 November to confirm the guided EBITDA and the cash cost trajectory.
The Q3 financial statements due around 12 November 2026 are where the market will test whether the guided US$171m EBITDA and the 8% AISC increase are confirmed.
Evidence from the filing
Q3 2026 EBITDA is estimated at US$171m, up 2% from the prior quarter.
“Q3 EBITDA2,3 guidance of US$171m, up 2% from the prior quarter”
Quarterly contained tin production was 5,030 tonnes, in line with the prior period and annual guidance of 20,000 tonnes.
“Contained tin production of 5,030 tonnes for the quarter ended September 2026 was in line with the prior period and the Company's forecast guidance of 20,000 tonnes per annum.”
The Board declared an interim FY2026 cash dividend of CAD$0.13 per share, approximately US$120 million in aggregate.
“The Board has declared an interim FY2026 cash dividend of CAD$0.13 per share on the common shares (approximately US$120 million in the aggregate) (the "Dividend").”
BGH206D2_T5 returned a 19.29m intercept grading 5.76% Sn, the widest and highest-grade intercept in the current Mpama South expansion programme to date.
“BGH206D2_T5 assay result received: 19.29m @ 5.76% Sn — widest and highest- grade intercept in the current resource expansion programme at Mpama South to date”
Q3 AISC guidance was US$20,642 per tonne of tin sold, up eight percent from the prior quarter.
“Guidance for AISC per tonne of tin sold is US$20,642, up eight percent from the prior quarter.”
Higher diesel costs and higher inbound and outbound logistics and transport costs contributed to the AISC increase.
“The remainder pertains to higher on mine costs as a result of higher diesel cost and higher inbound and outbound logistics and transport costs.”
El Niño conditions raise the risk of a more disruptive rainy season during the historically challenging fourth quarter.
“The fourth quarter is historically the Company's most logistically challenging period and current El Niño conditions raise the risk of a more disruptive rainy season than usual.”
Mpama North surface drilling was constrained by drill-rod availability, and two mother holes were abandoned following ground collapse and rod breakage.
“Drilling from surface at Mpama North was constrained during the quarter by the availability of drill rods, and two mother holes were abandoned following ground collapse and a rod breakage encountered in difficult ground conditions.”
VTEM target rankings remain preliminary, and no drill targets have yet been confirmed from the programme.
“All target rankings remain preliminary at this stage, and no drill targets have yet been confirmed from the VTEM programme.”
More on Alphamin Resources Corp.
Related filings
More from APH
- ALPHAMIN RESOURCES CORPORATION - Alphamin Announces Appointment of Director/ Files Q2 2026 Financial Statements and MD&A
- ALPHAMIN RESOURCES CORPORATION - Alphamin Announces Record Q2 EBITDA Guidance of US$167 Million/ Exploration Update
- ALPHAMIN RESOURCES CORPORATION - Notice of the Annual General and Special Meeting and Form of Proxy
- ALPHAMIN RESOURCES CORPORATION - Alphamin Announces CAD$0.13 per share Final FY2025 Dividend/ Files Q1 2026 Financial Statements and MD&A
- ALPHAMIN RESOURCES CORPORATION - Alphamin Announces Record Q1 EBITDA Guidance of US$158 Million/ Exploration Update
Other Dividend Declaration
- DTCDATATEC LIMITED - Finalisation Announcement and Ratio Applicable to the Scrip Distribution
- NRPNEPI ROCKCASTLE N.V - Results of election to receive a capital repayment or cash dividend
- PHPPRIMARY HEALTH PROPERTIES PLC - Update to notice of interim dividend for shareholders on the South African register
- PHPPRIMARY HEALTH PROPERTIES PLC - Notice of Interim Dividend
- S32SOUTH32 LIMITED - Update to Notification of Dividend