Afritin Mining Limited NPV (ATM)

Sector:

Mining

Index:

FTSE AIM All-Share

5.30p
   
  • Change Today:
      0.040p
  • 52 Week High: 7.10
  • 52 Week Low: 2.10
  • Currency: UK Pounds
  • Shares Issued: 1,112.33m
  • Volume: 95,213
  • Market Cap: £58.95m
  • RiskGrade: 393

AfriTin makes progress at flagship Uis Tin Mine

By Josh White

Date: Tuesday 18 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Namibia and South Africa-focussed tin company AfriTin Mining updated the market on operations on its phase 1 pilot plant project at its flagship asset, the Uis Tin Mine in Namibia, on Tuesday/
The AIM-traded firm said the maiden sale of tin concentrate had now concluded, with the second shipment of tin concentrate dispatched from the mine.

It said the processing plant throughput increased by an average of 63% month-on-month from November to January.

Debottlenecking of and enhancements to the processing plant were underway, the board said, to increase throughput and achieve nameplate production of 60 tonnes of tin concentrate per month.

The board also confirmed the appointment of Nico Smit as vice-president of operations and projects.

"The first shipment of tin concentrate and first revenues from the Uis Tin Mine in three decades marks a significant milestone for the company and the Erongo region of Namibia," said chief executive officer Anthony Viljoen.

"We will continue to deliver this operation as we ramp up production to nameplate of 60 tonnes of tin concentrate per month.

"Combined with a JORC-compliant mineral resource estimate of 95,539 tonnes of contained Sn, we are well placed to advance the project to the goal of establishing an enlarged mining and processing facility."

At 1504 GMT, shares in AfriTin Mining were down 1.62% at 2.73p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ATM Market Data

Currency UK Pounds
Share Price 5.30p
Change Today 0.040p
% Change 0.76 %
52 Week High 7.10
52 Week Low 2.10
Volume 95,213
Shares Issued 1,112.33m
Market Cap £58.95m
RiskGrade 393

ATM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.63% below the market average34.63% below the market average34.63% below the market average34.63% below the market average34.63% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Price Trend
90.03% above the market average90.03% above the market average90.03% above the market average90.03% above the market average90.03% above the market average
52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average52.94% above the sector average
Income Not Available
Growth
68.56% above the market average68.56% above the market average68.56% above the market average68.56% above the market average68.56% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average

ATM Dividends

No dividends found

Trades for 28-Jul-2021

Time Volume / Share Price
08:25 80,000 @ 5.31p
08:22 7,213 @ 5.24p
08:21 8,000 @ 5.39p

ATM Key Personnel

CEO Anthony Viljoen

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