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The miner, who operates the Mpama North tine mine in the Democratic Republic of Congo, said its net cash for the quarter hit $129.51 million, having risen 90% year-on-year.
Alphamin produced 3,061 tonnes of tin and sold 3,336 tonnes. Production was down 2% year-on-year, but sales rose 9%.
The company achieved an average tin price during the three months of $43,813/t, which is up 14% year-on-year.
"The AISC per tonne of contained tin sold during Q1 2022 is expected to be in line with the prior quarter," Alphamin said.
Alphamin's share price has been on a steady upward trajectory since mid-to-late 2020. It climbed from around C$0.20-C$0.25 early in the fourth quarter of 2020 to reach C$1.14 (US$0.91) as of April 6 this year.
The company had a market capitalisation of C$1.45 billion.
