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Mines high-grade tin ore at the Bisie mine in the Democratic Republic of Congo.
Mines high-grade tin ore at the Bisie mine in the Democratic Republic of Congo.
Mines tin ore, concentrates it on site and sells the concentrate under offtake contracts to smelters, with price tied to the London Metal Exchange tin price. Production comes from a single mine in eastern DR Congo, so one site's output, security and transport routes decide results.
Moat: narrow (scale, installed base). Bisie is one of the world's highest-grade tin deposits, giving low-cost production.
Headquarters: Mauritius (mine in DRC) · Founded: 2011
Size Alphamin Resources (AFM.V) is a Canada Materials company (Other Metals/Minerals) with a market value of $1.12B, the 237th largest of 420 Canada companies the cockpit tracks. Shares closed at C$1.22 on 6 Nov 2026.
Performance Over six months the shares fell 15.3%, against -27.6% for the median peer and +5.2% for the Canada market (cap-weighted) — 5th highest of 20 in its peer set.
Growth Revenue grew 45.4% over the last twelve months (peer median +23.9%); the operating margin is 54.3% (peer median 4.7%).
Valuation It trades at 4.1× forward earnings against a peer median of 16.7× (2nd cheapest of 9).
Capital Return on invested capital runs 67.5 points above its cost of capital (8.1% WACC).
Next results Next results expected around 5 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$1.17B | C$868M | C$723M | C$389M | C$509M |
| Revenue growth | — | +20% | +86% | -24% | — |
| Gross profit | C$686M | C$433M | C$338M | C$169M | C$280M |
| EBITDA | C$719M | C$466M | C$363M | C$185M | C$288M |
| Net income | C$304M | C$207M | C$138M | C$63.7M | C$131M |
| Free cash flow | C$439M | C$264M | C$188M | -C$147M | C$196M |
| Capital expenditure | C$39.1M | C$30.6M | C$67.2M | C$158M | C$69.6M |
| Total debt | C$56.7M | C$60.5M | C$106M | C$106M | C$13.3M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Alphamin Resources AFM.V | $1.12B | -15% | +45% | 54% | 4.1× | n/a |
| Yunnan Tin 000960.SZ | $5.66B | -34% | +19% | 8% | 10.8× | 1.9% |
| Metals X MLX.AX | $934M | -11% | +26% | 53% | 7.2× | -10.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AFM.V | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.1% | -17.6% | 9th highest of 21 |
| 6-month return | -15.3% | -27.6% | 5th highest of 20 |
| Distance from 52-week high | -27.4% | -49.9% | 2nd highest of 21 |
| Revenue growth (TTM) | +45.4% | +23.9% | 7th highest of 16 |
| Operating margin | 54.3% | 4.7% | highest of 17 |
| Forward P/E | 4.1× | 16.7× | 2nd cheapest of 9 |
| ROIC minus cost of capital | +67.5 pp | -6.5 pp | highest of 18 |
| EV / EBITDA | 2.1× | 15.6× | 2nd cheapest of 9 |
| Net debt / EBITDA | -0.2× | 1.1× | 3rd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Alphamin Resources AFM.V | Canada | $1.12B | -15% | +45% | 54% | 4.1× | n/a | n/a |
| Londian Wason New Energy Tech, Inc. Unsponsored ADR FOIL | United States | $1.11B | n/a | +25% | 5% | 13.3× | n/a | n/a |
| Uranium Royalty UROY | United States | $1.16B | -24% | +1,570% | 27% | n/a | 17.4% | +161.8% |
| Jiangxi Jiangnan New Material Technology 603124.SS | China | $1.16B | -37% | +19% | 3% | 18.6× | n/a | n/a |
| Xizang Zhihui Mining 2546.HK | Hong Kong | $1.08B | +8% | +104% | 28% | n/a | 32.8% | +6.0% |
| Collective Mining CNL.TO | Canada | $1.17B | -22% | n/a | n/a | n/a | n/a | n/a |
| Gravita India GRAVITA.NS | India | $1.17B | -17% | +24% | 8% | 24.7× | n/a | n/a |
| Zimplats ZIM.AX | Australia | $1.06B | -15% | +50% | 33% | n/a | -15.0% | +1.1% |
| Eramet ERA.PA | France | $1.19B | -38% | 0% | -1% | n/a | n/a | n/a |
| Solaris Resources SLS.TO | Canada | $1.19B | -28% | n/a | n/a | n/a | n/a | n/a |
| Jain Resource Recycling JAINREC.NS | India | $1.05B | -43% | +48% | 5% | 23.4× | n/a | n/a |
| Americas Gold and Silver USA.TO | Canada | $1.05B | -50% | +86% | 19% | 14.9× | n/a | n/a |
| Faraday Copper FDY.TO | Canada | $1.21B | -18% | n/a | n/a | n/a | n/a | n/a |
| Ivanhoe Electric IE | United States | $1.21B | -45% | -21% | -3,916% | n/a | n/a | n/a |
| North Long Dragon New Materials Tech 301357.SZ | China | $1.23B | -20% | -9% | -23% | n/a | n/a | n/a |
| Evolution Metals & Technologies EMAT | United States | $1.23B | -79% | n/a | -548% | n/a | n/a | n/a |
| TMC TMC | United States | $1.00B | -60% | n/a | n/a | n/a | n/a | n/a |
| Jinchuan Group International Resources 2362.HK | Hong Kong | $997M | +4% | +65% | 22% | 2.0× | -2.2% | -1.8% |
| AMG Critical Materials AMG.AS | Netherlands | $988M | -41% | +12% | 7% | 11.9× | 0.2% | +13.0% |
| Nanjing Hanrui Cobalt 300618.SZ | China | $1.27B | -49% | +11% | 4% | 20.6× | n/a | n/a |
| Zhejiang Tony Electronic 603595.SS | China | $960M | +52% | +5% | -12% | n/a | n/a | n/a |