Alphamin Resources Corp said tin production at its Bisie mine in North Kivu rose 7% year on year to 18,576 tonnes in the fiscal year ended Dec. 31, 2025.

Output was broadly in line with the company’s revised guidance of 18,000 to 18,500 tonnes, after operations were temporarily suspended in March 2025 for security reasons.

EBITDA rose 25% to $341.4 million in 2025 from $274.0 million in 2024, Alphamin said, citing higher volumes, the impact of extensions at Mpama South and a higher average selling price.

The company said current tin prices and stable output should support cash flow and could allow for higher dividends. It said it paid $123 million in dividends in 2025, or C$0.11 per share, compared with C$0.09 in 2024. It expects to decide on its next dividend in April 2026 after publishing audited accounts.

Tin prices were expected to rise about 10% in 2025 to $33,000 per tonne from $30,066 in 2024, according to World Bank projections. Tin hit a record high of around $53,460 per tonne on Jan. 14, market data showed, amid supply concerns including in Indonesia and Myanmar.

Targets 20,000 tonnes in 2026

In Indonesia, authorities announced an operation to shut about 1,000 illegal mining sites in Bangka Belitung, a move likely to tighten supply from informal channels. Indonesia accounts for roughly one-sixth of global tin mine production, according to international statistics.

In Myanmar, the Man Maw mine remains central to regional supply. Authorities in the Wa region have signalled a possible restart, but administrative delays and operational uncertainty have kept the market volatile.

While demand from electronics, soldering, packaging and chemicals, as well as electrification-related uses, continues to support prices, some analysts have pointed to the growing influence of financial factors. The International Tin Association (ITA) has warned that the market can become vulnerable to corrections when fund positioning is elevated, even when supply is disrupted.

For 2026, Alphamin targets production of about 20,000 tonnes, in line with its targeted annualised rate. The company said achieving that goal depends on uninterrupted operations, and noted a resurgence of security incidents in North Kivu. The mine is located away from the worst-affected areas, but the risk remains high and a deterioration could disrupt activity.

PM, with Ecofin Agency