Investors who take an interest in Lara Exploration Ltd. (CVE:LRA) should definitely note that the Vice President of Corporate Development, Christopher MacIntyre, recently paid CA$1.53 per share to buy CA$366k worth of the stock. That's a very decent purchase to our minds and it grew their holding by a solid 14%.

We've discovered 5 warning signs about Lara Exploration. View them for free.

The Last 12 Months Of Insider Transactions At Lara Exploration

In fact, the recent purchase by Christopher MacIntyre was the biggest purchase of Lara Exploration shares made by an insider individual in the last twelve months, according to our records. Even though the purchase was made at a significantly lower price than the recent price (CA$1.83), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

In the last twelve months Lara Exploration insiders were buying shares, but not selling. Their average price was about CA$1.33. To my mind it is good that insiders have invested their own money in the company. But we must note that the investments were made at well below today's share price. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Check out our latest analysis for Lara Exploration

TSXV:LRA Insider Trading Volume April 18th 2025

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.

Insider Ownership

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Lara Exploration insiders own about CA$17m worth of shares. That equates to 18% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Lara Exploration Tell Us?

It is good to see recent purchasing. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of Lara Exploration we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Lara Exploration. When we did our research, we found 5 warning signs for Lara Exploration (3 shouldn't be ignored!) that we believe deserve your full attention.

But note: Lara Exploration may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Alphamin Resources (AFM.V) on Thursday said contained tin production of 4,270 tonnes for the quarter

Alphamin Resources Corp.

GRAND BAIE, MAURITIUS, April 17, 2025 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”) is pleased to provide an operational update as follows:

• Q1 2025 contained tin production of 4,270 tonnes until operations ceased on 13 March 2025 (Q4 2024: 5,237 tonnes)

• Q1 2025 EBITDA2,3 guidance of US$62m (Q4 2024 actual: US$76m)

• FY2025 contained tin production guidance revised to 17,500 tonnes due to security-related production interruption (previously 20,000 tonnes)

• Phased resumption of tin production commenced on 15 April 2025

Operational and Financial Summary for the Quarter ended March 20251

__________________________________________________________________________________________

1Information is disclosed on a 100% basis. Alphamin indirectly owns 84.14% of its operating subsidiary to which the information relates. 2Q1 2025 EBITDA and AISC represent management’s guidance. 3This is not a standardized financial measure and may not be comparable to similar financial measures of other issuers.See “Use of Non-IFRS Financial Measures” below for the composition and calculation of this financial measure.

 Operational and Financial Performance

Contained tin production of 4,270 tonnes for the quarter ended March 2025 was 18% below the prior period following a cessation of mining and processing activities on 13 March 2025 due to security concerns. The tin grade of ore processed was 18% higher at 3,55% and as a result daily throughput volumes were reduced to optimise plant recoveries at the higher feed grade. The FY2025 mineplan still targets an average ore grade of 3% with the outperformance in grade during Q1 2025 expected to average down during the remainder of the financial year. The processing facilities continued to perform well – overall plant recoveries averaged 75% during the quarter, above the target of 73%.

Q1 2025 contained tin sales of 3,863 tonnes was recorded against production of 4,270 tonnes with a significant amount sold and exported post quarter end totalling 4,581 tonnes for the year to 16 April 2025.

Q1 2025 AISC per tonne of tin sold was US$16,339 and 9% above the prior quarter’s AISC of US$15,034, primarily due to the impact of the operational stop on 13 March 2025. Operating expenditure included fixed costs and payroll for the full month of March 2025 as well as care and maintenance and mine evacuation costs while tin production was halted on 13 March 2025. As a result, EBITDA guidance for Q1 2025 is US$62m, 19% lower than the previous quarter’s actual of US$76m.

Following the temporary cessation of operations on 13 March 2025 due to security concerns, the Company announced on 9 April 2025 its intention to resume operations at the mine. Tin production recommenced on 15 April 2025 through the treatment of run-of-mine ore stockpiles and are expected to ramp-up to nameplate within a week. Underground mining activities are planned to recommence later in April 2025 as employees continue to return in a phased manner. Following the resumption of mine operations, inbound and outbound logistics providers have re-mobilised fleets of trucks in order to continue with normal mine procurement and export product deliveries. The mine is adequately supplied with consumables and spares to support the resumption of production and tin concentrate exports are expected to continue normally as was the case during Q1 2025 and subsequently.

As a result of the production interruption between 13 March 2025 and April 2025, the Company has reduced its FY2025 tin production guidance from 20,000 tonnes to 17,500 tonnes.

The Company has US$99 million in cash at 17 April 2025 with US$38m of sales receipts expected prior to the end of April 2025. During this time, the Company has not utilised its up to US$50 million tin prepayment arrangement. The Company’s US$53 million overdraft facility was agreed for renewal, subject to formal documentation, for a further 12 months and subject to either a US$28 million international bank guarantee against off-shore cash or a US$28 million repayment by 31 May 2025. In the event that the operation ceases, the facility will reduce to US$25 million with full repayment required should the cessation continue for 6 months. A final FY2024 DRC income tax payment of US$38m is due by 30 April 2025.

Due to the timing of the security related production interruption between 13 March 2025 and April 2025, the Board considered it prudent not to declare a final FY2024 dividend in April 2025.

Regional security update

Since late January 2025, insurgents have advanced from their previous positions and seized the cities of Goma and Bukavu, the capital cities of the North and South Kivu provinces, in eastern Democratic Republic of the Congo (DRC). On February 18, 2025 the Company announced that the seizure of the city of Bukavu, the second largest city of the eastern DRC, in addition to Goma, had increased the security risk and operating risk profile of the Company. On March 13, 2025 the Company announced the temporary cessation of mining operations due to insurgents’ advance westwards towards the mine location and within 110km from the mine. Insurgents subsequently occupied the town of Walikale on 20 March 2025. On April 9, 2025 the Company announced the initiation of a phased resumption of operations following the withdrawal of insurgents from the town of Walikale eastwards towards Masisi. The safety of the Company’s employees and contractors and compliance with the DRC and international laws remains its committed focus. The Company is closely monitoring the situation as it continues to progress, and will provide further updates if required.

Changes to operating subsidiary, Alphamin Bisie Mining (ABM), board

Mr. John Robertson, the current Managing Director of ABM, has elected to retire. The Board wishes to thank Mr. Robertson for his valuable input and contribution to the Company’s steady-state operations and successful expansion to becoming one of the world’s largest low-cost tin producers.

Subject to regulatory approval, Mr. Jac van Heerden (50), a mining professional with 25 years of mining experience in Africa, has been appointed Managing Director of ABM. He has significant surface and underground mine management experience in both base and precious metals and a strong background in mine technical services, general and executive management. We look forward to the impact of Jac’s leadership qualities as we continue to create sustainable value for the benefit of all of ABM’s stakeholders.

Qualified Persons

Mr. Clive Brown, Pr. Eng., B.Sc. Engineering (Mining), is a qualified person (QP) as defined in National Instrument 43-101 and has reviewed and approved the scientific and technical information contained in this news release. He is a Principal Consultant and Director of Bara Consulting Pty Limited, an independent technical consultant to the Company._________________________________________________________________________________________

FOR MORE INFORMATION, PLEASE CONTACT:

Maritz Smith                                CEO                        Alphamin Resources Corp.                        Tel: +230 269 4166E-mail: msmith@alphaminresources.com

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Forward-looking statements contained herein include, without limitation, Q1 2025 EBITDA and AISC guidance, guidance for contained tin production for the year ending 31 December 2025, our expectations for ore grades during the remainder of 2025, sales following customary patterns following resumption of production and not being disrupted, the timing and quantum of receipt of funds from prior tin concentrate sales and expected commencement of underground activities later in April 2025. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Such factors include, without limitation: uncertainties regarding Mpama North and Mpama South estimates of the expected mined tin grades, processing plant performance and recoveries, uncertainties regarding the underground conditions for development, uncertainties regarding the logistical roads within the DRC for purposes of transporting product for sale and inbound consumables and equipment, uncertainties regarding global supply and demand for tin and market and sales prices, uncertainties with respect to social, community and environmental impacts, uninterrupted access to required infrastructure and third party service providers, adverse political events and risks of security related incidents which may impact the operation, outbound roads used to transport product and consumables or the safety of our people, uncertainties regarding the legislative requirements in the Democratic Republic of the Congo which may result in unexpected fines and penalties and tax payments, impacts of the global Covid-19 pandemic or other health crises on mining operations and commodity prices, price volatility in the spot and forward markets for tin and other commodities; significant capital requirements and the availability and management of capital resources; uncertainties regarding lenders and bankers’ reaction to their exposure to the Company during this period of unstable regional security in the eastern DRC which may lead to additional funding requirements; fluctuations in the international currency markets and in the rates of exchange of the currencies of the Democratic Republic of Congo (DRC) and the United States of America (US); discrepancies between actual and estimated production and the costs thereof; between actual and estimated reserves and resources and between actual and estimated metallurgical recoveries; changes in national and local government legislation in the DRC or any other country in which Alphamin currently or may in the future conduct business; taxation; controls, regulations and political or economic developments in the countries in which Alphamin does or may conduct business; the speculative nature of mineral exploration and development, including the risks of obtaining and maintaining the validity and enforceability of the necessary licenses and permits and complying with the permitting requirements of each jurisdiction in which Alphamin operates, including, but not limited to: obtaining and maintaining the necessary permits for the Bisie Project; the lack of certainty with respect to foreign legal systems, which may not be immune from the influence of political pressure, corruption or other factors that are inconsistent with the rule of law; the uncertainties inherent to current and future legal challenges Alphamin is or may become a party to; diminishing quantities or grades of reserves and resources; competition; loss of key employees; inclement weather conditions; availability of power, water, transportation routes and other required infrastructure for the Bisie tin project; general economic conditions and inflation and rising costs of labour, supplies, fuel and equipment; actual results of current exploration or reclamation activities; uncertainties inherent to mining economic studies; changes in project parameters as plans continue to be refined; accidents; labour disputes; defective title to mineral claims or property or contests over claims to mineral properties; risks, uncertainties and unanticipated delays associated with obtaining and maintaining necessary licenses, permits and authorisations and complying with permitting requirements, including those associated with the environment. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental events and hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and losses of processed tin (and the risk of inadequate insurance or inability to obtain insurance to cover these risks), as well as “Risk Factors” included elsewhere in this MD&A and Alphamin’s public disclosure documents filed on and available at www.sedarplus.ca.

USE OF NON-IFRS FINANCIAL PERFORMANCE MEASURES

This announcement refers to the following non-IFRS financial performance measures:

EBITDA

EBITDA is profit before net finance expense, income taxes and depreciation, depletion, and amortization. EBITDA provides insight into our overall business performance (a combination of cost management and growth) and is the corresponding flow driver towards the objective of achieving industry-leading returns. This measure assists readers in understanding the ongoing cash generating potential of the business including liquidity to fund working capital, servicing debt, and funding capital and exploration expenditures and investment opportunities.

This measure is not recognized under IFRS as it does not have any standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other issuers. EBITDA data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

CASH COSTS

This measures the cash costs to produce and sell a tonne of contained tin. This measure includes mine operating production expenses such as mining, processing, administration, indirect charges (including surface maintenance and camp and head office costs), and smelting, refining and freight, distribution and royalties. Cash Costs do not include depreciation, depletion, and amortization, reclamation expenses, capital sustaining, borrowing costs and exploration expenses. On mine costs, exclusive of stock movement, are calculated on a cost per tonne produced basis, off mine costs are calculated on a cost per tonne sold basis.

AISC

This measures the cash costs to produce and sell a tonne of contained tin plus the capital sustaining costs to maintain the mine, processing plant and infrastructure. This measure includes the Cash Cost per tonne and capital sustaining costs together divided by tonnes of contained tin produced. All-In Sustaining Cost per tonne does not include depreciation, depletion, and amortization, reclamation, borrowing costs, foreign exchange gains and losses, exploration expenses and expansion capital expenditures.

Sustaining capital expenditures are defined as those expenditures which do not increase payable mineral production at a mine site and excludes all expenditures at the Company’s projects and certain expenditures at the Company’s operating sites which are deemed expansionary in nature.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

The Canadian market has been navigating a period of heightened volatility, driven by trade tensions and tariff negotiations, which have kept investors on edge. Amidst this backdrop, penny stocks—often representing smaller or newer companies—offer a unique opportunity for those seeking affordable investments with growth potential. While the term “penny stocks” might seem outdated, their relevance persists as they can provide value through strong financial foundations and promising prospects.

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Orezone Gold (TSX:ORE)	CA$1.15	CA$562M	★★★★★☆
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Click here to see the full list of 930 stocks from our TSX Penny Stocks screener.

Let’s explore several standout options from the results in the screener.

GoldMining

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: GoldMining Inc. is a mineral exploration company focused on acquiring, exploring, and developing gold and copper assets in the Americas, with a market cap of CA$221.51 million.

Operations: GoldMining Inc. does not report any specific revenue segments.

Market Cap: CA$221.51M

GoldMining Inc., a mineral exploration company with a market cap of CA$221.51 million, remains pre-revenue and unprofitable, reporting a net loss of CA$4.55 million for Q1 2025. Despite financial challenges, the company is debt-free and has initiated its largest exploration program at the Sao Jorge Project in Brazil, aiming to expand its mineral resource estimate through extensive drilling and geophysical surveys. GoldMining’s management team is experienced, but the company’s short cash runway poses potential liquidity concerns as it continues to invest heavily in exploration without significant revenue streams.

• Click here to discover the nuances of GoldMining with our detailed analytical financial health report.

• Evaluate GoldMining’s prospects by accessing our earnings growth report.

TSX:GOLD Financial Position Analysis as at Apr 2025Prime Mining

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Prime Mining Corp. focuses on acquiring, exploring, and developing mineral resource properties in Mexico and has a market cap of CA$215.30 million.

Operations: Prime Mining Corp. does not have any reported revenue segments as it is focused on the acquisition, exploration, and development of mineral resource properties in Mexico.

Market Cap: CA$215.3M

Prime Mining Corp. remains pre-revenue with a market cap of CA$215.30 million, focusing on its Los Reyes Project in Mexico. Recent drilling results at the Fresnillo and Mariposa targets show promising mineralization but are not yet included in the company’s resource estimates. Despite reporting a net loss of CA$21.62 million for 2024, Prime is debt-free and maintains short-term assets exceeding its liabilities, though it faces cash runway challenges due to ongoing exploration expenditures without revenue generation. The management team has an average tenure of 3.5 years, indicating stability as they navigate these financial hurdles while targeting resource expansion.

• Jump into the full analysis health report here for a deeper understanding of Prime Mining.

• Examine Prime Mining’s past performance report to understand how it has performed in prior years.

TSX:PRYM Financial Position Analysis as at Apr 2025Lara Exploration

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Lara Exploration Ltd. is involved in the acquisition, exploration, development, and evaluation of mineral properties in Brazil, Peru, and Chile with a market cap of CA$88.98 million.

Operations: Lara Exploration Ltd. does not report specific revenue segments.

Market Cap: CA$88.98M

Lara Exploration Ltd., with a market cap of CA$88.98 million, is pre-revenue and unprofitable, experiencing increasing losses at 6.5% annually over the past five years. The company holds no debt and has short-term assets of CA$3.1 million, which exceed its short-term liabilities significantly. However, it faces cash runway challenges with less than a year remaining based on current free cash flow trends that historically decrease by 18% annually. The management team and board are both experienced, averaging over eight years in tenure each, but the stock’s high volatility remains a concern for investors seeking stability in penny stocks.

• Take a closer look at Lara Exploration’s potential here in our financial health report.

• Gain insights into Lara Exploration’s past trends and performance with our report on the company’s historical track record.

TSXV:LRA Debt to Equity History and Analysis as at Apr 2025Turning Ideas Into Actions

• Unlock our comprehensive list of 930 TSX Penny Stocks by clicking here.

• Interested In Other Possibilities? Explore 22 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSX:GOLD TSX:PRYM and TSXV:LRA.

This article was originally published by Simply Wall St.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Key Insights

• Using the 2 Stage Free Cash Flow to Equity, Alphamin Resources fair value estimate is CA$0.61

• Current share price of CA$0.72 suggests Alphamin Resources is potentially trading close to its fair value

• When compared to theindustry average discount of -222%, Alphamin Resources' competitors seem to be trading at a greater premium to fair value

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Alphamin Resources Corp. (CVE:AFM) as an investment opportunity by taking the forecast future cash flows of the company and discounting them back to today's value. We will use the Discounted Cash Flow (DCF) model on this occasion. Before you think you won't be able to understand it, just read on! It's actually much less complex than you'd imagine.

We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model.

View our latest analysis for Alphamin Resources

The Calculation

We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. In the first stage we need to estimate the cash flows to the business over the next ten years. Seeing as no analyst estimates of free cash flow are available to us, we have extrapolate the previous free cash flow (FCF) from the company's last reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value:

10-year free cash flow (FCF) estimate

	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
Levered FCF ($, Millions)	US$69.2m	US$59.3m	US$53.8m	US$50.7m	US$49.0m	US$48.2m	US$47.9m	US$48.1m	US$48.6m	US$49.3m
Growth Rate Estimate Source	Est @ -21.46%	Est @ -14.31%	Est @ -9.31%	Est @ -5.81%	Est @ -3.36%	Est @ -1.64%	Est @ -0.44%	Est @ 0.40%	Est @ 0.99%	Est @ 1.40%
Present Value ($, Millions) Discounted @ 11%	US$62.6	US$48.5	US$39.8	US$33.9	US$29.6	US$26.4	US$23.7	US$21.5	US$19.7	US$18.0

("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$324m

After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.4%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 11%.

Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = US$49m× (1 + 2.4%) ÷ (11%– 2.4%) = US$615m

Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$615m÷ ( 1 + 11%)10= US$225m

The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$549m. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of CA$0.7, the company appears around fair value at the time of writing. Valuations are imprecise instruments though, rather like a telescope – move a few degrees and end up in a different galaxy. Do keep this in mind.

TSXV:AFM Discounted Cash Flow February 26th 2025Important Assumptions

Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Alphamin Resources as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 11%, which is based on a levered beta of 1.131. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.

SWOT Analysis for Alphamin Resources

Strength

• Debt is not viewed as a risk.

• Dividend is in the top 25% of dividend payers in the market.

Weakness

• Earnings growth over the past year underperformed the Metals and Mining industry.

• Current share price is above our estimate of fair value.

Opportunity

• Annual revenue is forecast to grow faster than the Canadian market.

Threat

• Dividends are not covered by earnings and cashflows.

Looking Ahead:

Valuation is only one side of the coin in terms of building your investment thesis, and it is only one of many factors that you need to assess for a company. It's not possible to obtain a foolproof valuation with a DCF model. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. For instance, if the terminal value growth rate is adjusted slightly, it can dramatically alter the overall result. For Alphamin Resources, we've put together three further aspects you should further examine:

Risks: For instance, we've identified 1 warning sign for Alphamin Resources that you should be aware of.

Future Earnings: How does AFM's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.

Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!

PS. Simply Wall St updates its DCF calculation for every Canadian stock every day, so if you want to find the intrinsic value of any other stock just search here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Alphamin Resources Corp.

GRAND BAIE, MAURITIUS, Feb. 18, 2025 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX) (the “Company”) notes recent news reports that insurgents have further continued their advance and seized the city of Bukavu, the second largest city in eastern Democratic Republic of the Congo (DRC), following its seizure of the city of Goma in late January. The Company’s mine is located in a remote area and, at this time the Company continues to operate within guidance parameters. As a result of the continued advance of the insurgents, the operating risk profile of the Company has increased and any further significant escalation of the conflict could result in mining operations being affected. The safety of the Company’s employees and contractors and compliance with the DRC and international laws remains its committed focus. The Company is closely monitoring the situation as it continues to progress, and will provide further updates if required.

By order of the Board

Maritz Smith‎CEO‎Alphamin Resources Corp.‎Tel: +230 269 4166‎E-mail: msmith@alphaminresources.com

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Forward-looking statements contained herein include, without limitation, statements relating to possible interuptions to the Company’s mining operations as a result of civil unrest in eastern Democratic Republic of the Congo. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to: the uncertainty of developments in and the outcome of the current civil unrest and security situation in the eastern Democratic Republic of the Congo as well as those risk factors set out in the Company’s most recent annual Management Discussion and Analysis and other disclosure documents available under the Company’s profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and Alphamin disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

 

As the Canadian economy navigates a period of uncertainty with the Bank of Canada’s recent rate cut and anticipated economic rebound, investors are increasingly focused on uncovering opportunities within small-cap stocks. In this environment, finding hidden gems requires identifying companies that can thrive despite market volatility, often characterized by strong fundamentals and resilience to economic shifts.

Top 10 Undiscovered Gems With Strong Fundamentals In Canada

Name	Debt To Equity	Revenue Growth	Earnings Growth	Health Rating
TWC Enterprises	6.24%	12.63%	23.89%	★★★★★★
Reconnaissance Energy Africa	NA	9.16%	15.11%	★★★★★★
Maxim Power	25.01%	12.79%	17.14%	★★★★★☆
Mako Mining	10.21%	38.44%	58.78%	★★★★★☆
Grown Rogue International	24.92%	19.37%	188.55%	★★★★★☆
Corby Spirit and Wine	65.79%	7.46%	-5.76%	★★★★☆☆
Petrus Resources	19.44%	17.20%	46.03%	★★★★☆☆
Genesis Land Development	47.40%	28.61%	52.30%	★★★★☆☆
Queen’s Road Capital Investment	8.87%	13.76%	16.18%	★★★★☆☆
Dundee	3.76%	-37.57%	44.64%	★★★★☆☆

Click here to see the full list of 45 stocks from our TSX Undiscovered Gems With Strong Fundamentals screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Sol Strategies

Simply Wall St Value Rating: ★★★★★★

Overview: Sol Strategies Inc. is a company that invests in cryptocurrencies and blockchain technologies, with a market cap of CA$635.02 million.

Operations: Sol Strategies generates revenue through investments in cryptocurrencies and blockchain technologies. The company has a market capitalization of CA$635.02 million, reflecting its valuation in the financial markets.

Sol Strategies, a Canadian company with a knack for innovation in cryptocurrency infrastructure, recently closed significant private placements totaling CAD 30 million. This influx of funds likely bolsters its financial position as it navigates high volatility in share prices over the past three months. The appointment of Max Kaplan as Head of Staking signals strategic growth, leveraging his expertise to enhance their validator network. Despite no substantial insider selling recently, Sol Strategies faces challenges with negative levered free cash flow at CAD -0.86 million last quarter and remains unprofitable, highlighting areas for potential improvement amidst industry competition.

• Navigate through the intricacies of Sol Strategies with our comprehensive health report here.

• Understand Sol Strategies’ track record by examining our Past report.

CNSX:HODL Earnings and Revenue Growth as at Feb 2025Headwater Exploration

Simply Wall St Value Rating: ★★★★★★

Overview: Headwater Exploration Inc. is a Canadian company focused on the exploration, development, and production of petroleum and natural gas, with a market capitalization of CA$1.59 billion.

Operations: Headwater Exploration generates revenue primarily from the exploration, development, and production of petroleum and natural gas, totaling CA$490.27 million.

Headwater Exploration, a nimble player in the Canadian oil and gas sector, has been making waves with its strategic land acquisitions and partnerships. The recent collaboration with Bigstone Cree Nation could unlock new drilling opportunities across 34.5 sections of promising land. With a robust production volume of 21,500 BOE/d reported for Q4 2024, Headwater’s operational momentum is evident. Despite earnings growth of 22.7% last year and trading at over 40% below fair value estimates, future earnings are expected to face challenges with a forecasted decline of around 14% annually over the next three years.

• Get an in-depth perspective on Headwater Exploration’s performance by reading our health report here.

• Evaluate Headwater Exploration’s historical performance by accessing our past performance report.

TSX:HWX Earnings and Revenue Growth as at Feb 2025Alphamin Resources

Simply Wall St Value Rating: ★★★★★★

Overview: Alphamin Resources Corp., along with its subsidiaries, focuses on the production and sale of tin concentrates, with a market capitalization of CA$1.16 billion.

Operations: Alphamin Resources generates revenue from the production and sale of tin concentrates, amounting to $436.73 million. The company has a market capitalization of CA$1.16 billion.

Alphamin Resources, a nimble player in the mining sector, has shown a robust performance with earnings growing at 39.2% annually over the past five years. The company boasts a satisfactory net debt to equity ratio of 0.3%, and its interest payments are well-covered by EBIT at 17.9 times coverage. Recent production results highlight an increase in contained tin produced to 17,324 tonnes for 2024 from the previous year’s 12,568 tonnes. With a price-to-earnings ratio of 11x below the Canadian market average of 14.6x, Alphamin seems poised for continued value creation as it expands operations at Mpama South.

• Dive into the specifics of Alphamin Resources here with our thorough health report.

• Review our historical performance report to gain insights into Alphamin Resources”s past performance.

TSXV:AFM Debt to Equity as at Feb 2025Make It Happen

• Get an in-depth perspective on all 45 TSX Undiscovered Gems With Strong Fundamentals by using our screener here.

• Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.

• Discover a world of investment opportunities with Simply Wall St’s free app and access unparalleled stock analysis across all markets.

Contemplating Other Strategies?

• Explore high-performing small cap companies that haven’t yet garnered significant analyst attention.

• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.

• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include CNSX:HODL TSX:HWX and TSXV:AFM.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Alphamin Resources Corp. (CVE:AFM) shareholders might be concerned after seeing the share price drop 27% in the last quarter. But in stark contrast, the returns over the last half decade have impressed. It's fair to say most would be happy with 279% the gain in that time. So while it's never fun to see a share price fall, it's important to look at a longer time horizon. Only time will tell if there is still too much optimism currently reflected in the share price.

In light of the stock dropping 15% in the past week, we want to investigate the longer term story, and see if fundamentals have been the driver of the company's positive five-year return.

Check out our latest analysis for Alphamin Resources

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

During the last half decade, Alphamin Resources became profitable. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains. Given that the company made a profit three years ago, but not five years ago, it is worth looking at the share price returns over the last three years, too. We can see that the Alphamin Resources share price is down 19% in the last three years. Meanwhile, EPS is up 39% per year. It would appear there's a real mismatch between the increasing EPS and the share price, which has declined -7% a year for three years.

The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).

TSXV:AFM Earnings Per Share Growth February 2nd 2025

It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here..

What About Dividends?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Alphamin Resources the TSR over the last 5 years was 366%, which is better than the share price return mentioned above. The dividends paid by the company have thusly boosted the total shareholder return.

A Different Perspective

Alphamin Resources shareholders gained a total return of 17% during the year. But that return falls short of the market. It's probably a good sign that the company has an even better long term track record, having provided shareholders with an annual TSR of 36% over five years. It's quite possible the business continues to execute with prowess, even as the share price gains are slowing. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Take risks, for example – Alphamin Resources has 1 warning sign we think you should be aware of.

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of companies that have proven they can grow earnings.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Canadian exchanges.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

VANCOUVER, BC, Jan. 31, 2025 /CNW/ – (TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") reports the following updated share capital and voting rights, in accordance with the Swedish Financial Instruments Trading Act:

The number of issued and outstanding shares of the Company has increased by 93,674,455 to 867,777,426 common shares with voting rights as of January 31, 2025. The increase in the number of issued and outstanding shares from January 1, 2025 to date is the result of shares issued in connection with the Filo Corp. acquisition (see press release dated January 15, 2025 entitled "Lundin Mining Completes Joint Acquisition of Filo with BHP and 50% Sale of Josemaria to Form Vicuña Corp."), and the exercise of employee stock options or the vesting of employee share units, offset by any share buy backs completed under the normal course issuer bid.

About Lundin Mining

Lundin Mining is a diversified Canadian base metals mining company with operations or projects in Argentina, Brazil, Chile, and the United States of America, primarily producing copper, gold and nickel. In December 2024 the Company announced the sale of its European assets to Boliden. The transaction is expected to close in mid-2025 subject to customary conditions and regulatory approvals.

The information in this release is subject to the disclosure requirements of Lundin Mining under the Swedish Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out below on January 31, 2025 at 14:30 Pacific Time.

Lundin Mining Announces Updated Share Capital and Voting Rights (CNW Group/Lundin Mining Corporation)

SOURCE Lundin Mining Corporation

Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2025/31/c8898.html

As 2025 begins, the Canadian market stands on a solid foundation following a remarkable year in 2024, with the TSX posting an impressive 18% gain. In this climate of mixed headwinds and tailwinds, investors are keen to identify stocks that combine potential growth with financial stability. Penny stocks, despite their somewhat outdated name, continue to capture interest by offering opportunities in smaller or less-established companies; those with strong financials can present compelling prospects for investors seeking value beyond traditional large-cap investments.

Top 10 Penny Stocks In Canada

Name	Share Price	Market Cap	Financial Health Rating
Mandalay Resources (TSX:MND)	CA$4.00	CA$379.39M	★★★★★★
Pulse Seismic (TSX:PSD)	CA$2.35	CA$122.01M	★★★★★★
Silvercorp Metals (TSX:SVM)	CA$4.36	CA$961.62M	★★★★★★
PetroTal (TSX:TAL)	CA$0.63	CA$583.7M	★★★★★★
Findev (TSXV:FDI)	CA$0.50	CA$15.47M	★★★★★★
Foraco International (TSX:FAR)	CA$2.45	CA$241.16M	★★★★★☆
NamSys (TSXV:CTZ)	CA$1.20	CA$30.89M	★★★★★★
East West Petroleum (TSXV:EW)	CA$0.035	CA$3.62M	★★★★★★
Orezone Gold (TSX:ORE)	CA$0.65	CA$307.33M	★★★★★☆
Hemisphere Energy (TSXV:HME)	CA$1.87	CA$178.48M	★★★★★☆

Click here to see the full list of 944 stocks from our TSX Penny Stocks screener.

We’re going to check out a few of the best picks from our screener tool.

Lara Exploration

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Lara Exploration Ltd. is involved in the acquisition, exploration, development, and evaluation of mineral properties in Brazil, Peru, and Chile with a market capitalization of CA$69.21 million.

Operations: There are no reported revenue segments for Lara Exploration Ltd.

Market Cap: CA$69.21M

Lara Exploration Ltd., with a market cap of CA$69.21 million, is pre-revenue and currently unprofitable, having increased losses by 6.5% annually over the past five years. Despite this, recent earnings reports show a shift to net income for the third quarter and nine months ending September 2024. The company remains debt-free but faces significant dilution with shares outstanding rising by 7.9% last year. Lara’s short-term assets cover its liabilities, yet it has less than a year of cash runway if current cash flow trends persist. Recent developments include an initial resource estimate for its Planalto Copper-Gold Project in Brazil.

• Click here and access our complete financial health analysis report to understand the dynamics of Lara Exploration.

• Learn about Lara Exploration’s historical performance here.

TSXV:LRA Financial Position Analysis as at Jan 2025Silver Tiger Metals

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Silver Tiger Metals Inc. is involved in the exploration and evaluation of mineral properties in Mexico, with a market cap of CA$92.80 million.

Operations: Silver Tiger Metals Inc. currently does not report any specific revenue segments.

Market Cap: CA$92.8M

Silver Tiger Metals Inc., with a market cap of CA$92.80 million, is pre-revenue and unprofitable, experiencing increased losses over the past five years. The company has no debt but faces shareholder dilution, with shares outstanding growing by 8.2% last year. Short-term assets cover liabilities; however, it has less than a year of cash runway if cash flow trends continue. Recent developments include a Preliminary Feasibility Study for its El Tigre Project in Mexico, highlighting an after-tax NPV of $222 million and plans for further economic assessments in 2025 to explore substantial exploration potential at the site.

• Take a closer look at Silver Tiger Metals’ potential here in our financial health report.

• Assess Silver Tiger Metals’ future earnings estimates with our detailed growth reports.

TSXV:SLVR Debt to Equity History and Analysis as at Jan 2025TriStar Gold

Simply Wall St Financial Health Rating: ★★★★★★

Overview: TriStar Gold, Inc. is involved in the acquisition, exploration, and development of precious metal prospects in the Americas with a market cap of CA$37.79 million.

Operations: TriStar Gold, Inc. currently does not report any revenue segments.

Market Cap: CA$37.79M

TriStar Gold, Inc., with a market cap of CA$37.79 million, is pre-revenue and unprofitable but maintains a positive cash flow, providing over three years of runway. The company has no debt and its short-term assets exceed both short- and long-term liabilities. Despite stable weekly volatility compared to other Canadian stocks, the share price remains highly volatile in the short term. Recent executive changes include Jessica Van Den Akker as interim CEO during Nick Appleyard’s medical leave. The board is experienced with an average tenure of 5.2 years, supporting strategic stability amid ongoing management transitions.

• Click to explore a detailed breakdown of our findings in TriStar Gold’s financial health report.

• Review our historical performance report to gain insights into TriStar Gold’s track record.

TSXV:TSG Debt to Equity History and Analysis as at Jan 2025Turning Ideas Into Actions

• Click this link to deep-dive into the 944 companies within our TSX Penny Stocks screener.

• Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio’s performance.

• Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.

Seeking Other Investments?

• Explore high-performing small cap companies that haven’t yet garnered significant analyst attention.

• Jump on the AI train with fast growing tech companies forging a new era of innovation.

• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSXV:LRA TSXV:SLVR and TSXV:TSG.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

As we step into 2025, the Canadian market is buoyed by a supportive economic backdrop, with the TSX having gained 18% in 2024 and broader markets experiencing robust growth across various sectors and market caps. In this environment of healthy economic growth and rising corporate profits, identifying undiscovered gems becomes crucial for investors seeking to capitalize on potential opportunities within Canada’s diverse landscape.

Top 10 Undiscovered Gems With Strong Fundamentals In Canada

Name	Debt To Equity	Revenue Growth	Earnings Growth	Health Rating
TWC Enterprises	6.24%	12.63%	23.89%	★★★★★★
Reconnaissance Energy Africa	NA	9.16%	15.11%	★★★★★★
Lithium Chile	NA	nan	42.01%	★★★★★★
Amerigo Resources	14.04%	7.04%	11.73%	★★★★★☆
Maxim Power	25.01%	12.79%	17.14%	★★★★★☆
Mako Mining	10.21%	38.44%	58.78%	★★★★★☆
Grown Rogue International	24.92%	19.37%	188.55%	★★★★★☆
Corby Spirit and Wine	65.79%	7.46%	-5.76%	★★★★☆☆
Petrus Resources	19.44%	17.20%	46.03%	★★★★☆☆
DIRTT Environmental Solutions	58.73%	-5.34%	-5.43%	★★★★☆☆

Click here to see the full list of 47 stocks from our TSX Undiscovered Gems With Strong Fundamentals screener.

We’ll examine a selection from our screener results.

Hammond Power Solutions

Simply Wall St Value Rating: ★★★★★★

Overview: Hammond Power Solutions Inc. designs, manufactures, and sells transformers across Canada, the United States, Mexico, and India with a market cap of CA$1.49 billion.

Operations: Hammond Power Solutions generates revenue primarily from the manufacture and sale of transformers, amounting to CA$766.82 million. The company’s financial performance is highlighted by its gross profit margin, which reflects its profitability in managing production costs relative to sales.

HPS.A, a notable player in the electrical industry, has shown impressive financial health with its debt to equity ratio dropping from 27.3% to 6% over five years. Its earnings growth of 9.9% surpasses the industry’s 5.1%, indicating robust performance and potential for future growth at an estimated rate of 11.48% annually. The company trades at a significant discount of about 35.7% below its fair value estimate, suggesting room for appreciation in value terms while maintaining strong interest coverage with EBIT covering interest payments by an impressive factor of 80x.

• Navigate through the intricacies of Hammond Power Solutions with our comprehensive health report here.

• Explore historical data to track Hammond Power Solutions’ performance over time in our Past section.

TSX:HPS.A Debt to Equity as at Jan 2025MAG Silver

Simply Wall St Value Rating: ★★★★★★

Overview: MAG Silver Corp. is engaged in the development and exploration of precious metal properties in Canada, with a market capitalization of CA$2.10 billion.

Operations: MAG Silver Corp. does not currently report revenue segments, indicating its primary focus is on exploration and development activities within the precious metals sector in Canada.

MAG Silver, a nimble player in the mining sector, has seen impressive earnings growth of 131.8% over the past year, outpacing the industry’s 36.4%. Despite generating less than US$1 million in revenue, its high level of non-cash earnings suggests robust underlying operations. The company remains debt-free for five years, ensuring no interest payment concerns and highlighting prudent financial management. Recent results show net income for Q3 2024 at US$22.29 million compared to US$8.86 million last year, with basic earnings per share rising to US$0.22 from US$0.09 a year ago—indicating strong profitability momentum moving forward.

• Take a closer look at MAG Silver’s potential here in our health report.

• Gain insights into MAG Silver’s past trends and performance with our Past report.

TSX:MAG Earnings and Revenue Growth as at Jan 2025Alphamin Resources

Simply Wall St Value Rating: ★★★★★★

Overview: Alphamin Resources Corp., along with its subsidiaries, focuses on the production and sale of tin concentrates, with a market capitalization of CA$1.47 billion.

Operations: Alphamin generates revenue primarily through the production and sale of tin from its Bisie Tin Mine, amounting to $436.73 million. The company’s financial performance can be assessed by examining its net profit margin, which provides insight into profitability after accounting for all expenses.

Alphamin Resources, a nimble player in the mining sector, has demonstrated robust financial health over recent years. Its debt to equity ratio impressively dropped from 56.8% to 17.3%, reflecting prudent financial management. Earnings have surged at an annual rate of 39.2%, showcasing strong growth potential, although slightly trailing the industry pace of 36.4%. The company’s interest payments are comfortably covered by EBIT at a ratio of 17.9x, indicating solid operational efficiency and high-quality earnings. Recent results highlight significant sales growth to US$174 million for Q3 and net income doubling year-over-year to US$32 million, underscoring its upward trajectory in profitability and market presence.

• Click here and access our complete health analysis report to understand the dynamics of Alphamin Resources.

• Understand Alphamin Resources’ track record by examining our Past report.

TSXV:AFM Debt to Equity as at Jan 2025Taking Advantage

• Click here to access our complete index of 47 TSX Undiscovered Gems With Strong Fundamentals.

• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.

• Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor.

Curious About Other Options?

• Explore high-performing small cap companies that haven’t yet garnered significant analyst attention.

• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.

• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSX:HPS.A TSX:MAG and TSXV:AFM.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Alphamin Resources Corp.

GRAND BAIE, MAURITIUS, Dec. 12, 2024 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (TSXV: AFM, JSE AltX: APH, “Alphamin” or “the Company”) announced today that, subject to regulatory approval, it has awarded stock options and SAR Equivalent Shares pursuant to its Omnibus Incentive Plan. The Company has granted stock options to acquire an aggregate of 2,400,000 common shares to employees of an Alphamin subsidiary, with each option exercisable for a seven year term to acquire one common share at a price of C$1.10 per share. The options granted vest over a three year period from the date of grant.

The Company has also authorized the issuance of 2,100,000 SAR Equivalent Shares (“SARES”) to two senior officers of the Company. The SARES are functionally equivalent to stock appreciation rights however, any entitlements are satisfied by dividend payments on the SARES. The reference price for the SARES awarded is C$1.10 and dividends shall be payable on the SARES (to the the extent that they are “in-the-money”) on the first, second and third anniversaries of the date of award.

FOR MORE INFORMATION, PLEASE CONTACT:

Maritz SmithCEOAlphamin Resources Corp.Tel: +230 269 4166E-mail: msmith@alphaminresources.com

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

 

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. With that in mind, the ROCE of Alphamin Resources (CVE:AFM) looks great, so lets see what the trend can tell us.

What Is Return On Capital Employed (ROCE)?

Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for Alphamin Resources, this is the formula:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.39 = US$177m ÷ (US$590m – US$140m) (Based on the trailing twelve months to September 2024).

Therefore, Alphamin Resources has an ROCE of 39%. In absolute terms that's a great return and it's even better than the Metals and Mining industry average of 1.4%.

Check out our latest analysis for Alphamin Resources

TSXV:AFM Return on Capital Employed December 10th 2024

Above you can see how the current ROCE for Alphamin Resources compares to its prior returns on capital, but there's only so much you can tell from the past. If you'd like, you can check out the forecasts from the analysts covering Alphamin Resources for free.

What The Trend Of ROCE Can Tell Us

The fact that Alphamin Resources is now generating some pre-tax profits from its prior investments is very encouraging. The company was generating losses five years ago, but now it's earning 39% which is a sight for sore eyes. And unsurprisingly, like most companies trying to break into the black, Alphamin Resources is utilizing 88% more capital than it was five years ago. This can indicate that there's plenty of opportunities to invest capital internally and at ever higher rates, both common traits of a multi-bagger.

The Key Takeaway

Long story short, we're delighted to see that Alphamin Resources' reinvestment activities have paid off and the company is now profitable. Since the stock has returned a staggering 773% to shareholders over the last five years, it looks like investors are recognizing these changes. In light of that, we think it's worth looking further into this stock because if Alphamin Resources can keep these trends up, it could have a bright future ahead.

On a final note, we've found 1 warning sign for Alphamin Resources that we think you should be aware of.

If you'd like to see other companies earning high returns, check out our free list of companies earning high returns with solid balance sheets here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

The Canadian market has shown resilience, bolstered by easing monetary policies and strong performance in key sectors like financials and materials. Amid these positive trends, penny stocks remain a relevant investment area for those looking to explore opportunities beyond established companies. While the term ‘penny stock’ might seem outdated, it still points to smaller or newer companies that can offer significant value when backed by solid financials.

Top 10 Penny Stocks In Canada

Name	Share Price	Market Cap	Financial Health Rating
Alvopetro Energy (TSXV:ALV)	CA$4.35	CA$157.09M	★★★★★★
Amerigo Resources (TSX:ARG)	CA$1.68	CA$280.2M	★★★★★☆
Findev (TSXV:FDI)	CA$0.43	CA$12.46M	★★★★★★
Pulse Seismic (TSX:PSD)	CA$2.35	CA$112.45M	★★★★★★
PetroTal (TSX:TAL)	CA$0.63	CA$565.76M	★★★★★★
Mandalay Resources (TSX:MND)	CA$4.21	CA$347.6M	★★★★★★
Foraco International (TSX:FAR)	CA$2.40	CA$210.78M	★★★★★☆
Silvercorp Metals (TSX:SVM)	CA$4.39	CA$981.2M	★★★★★★
East West Petroleum (TSXV:EW)	CA$0.04	CA$3.62M	★★★★★★
Winshear Gold (TSXV:WINS)	CA$0.155	CA$5.03M	★★★★★★

Click here to see the full list of 916 stocks from our TSX Penny Stocks screener.

Let’s uncover some gems from our specialized screener.

SOL Global Investments

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: SOL Global Investments Corp. is a private equity firm focusing on growth capital for small and mid-sized businesses, with a market cap of CA$11.98 million.

Operations: The company’s revenue segment includes Pharmaceuticals, which reported CA$-38.51 million.

Market Cap: CA$11.98M

SOL Global Investments Corp., with a market cap of CA$11.98 million, is pre-revenue and unprofitable, reporting a net loss of CA$2.99 million for Q3 2024. Despite high volatility and negative return on equity, the company has more cash than debt and sufficient short-term assets to cover liabilities. Recent private placements raised CA$3.6 million through the issuance of units priced at CA$0.2 each, including warrants exercisable at CA$0.3 per share over two years, reflecting efforts to bolster financial stability amidst ongoing challenges in achieving profitability or significant revenue growth.

• Click here and access our complete financial health analysis report to understand the dynamics of SOL Global Investments.

• Gain insights into SOL Global Investments’ past trends and performance with our report on the company’s historical track record.

CNSX:SOL Financial Position Analysis as at Dec 2024Clean Air Metals

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Clean Air Metals Inc. is a Canadian exploration company focused on identifying, acquiring, exploring, and developing mineral properties, with a market cap of CA$12.78 million.

Operations: Clean Air Metals Inc. does not currently report any revenue segments.

Market Cap: CA$12.78M

Clean Air Metals Inc., with a market cap of CA$12.78 million, is a pre-revenue exploration company focusing on its Thunder Bay North Project. Recent announcements highlight promising survey results suggesting potential extensions of high-grade mineralization at the Escape conduit. Despite being debt-free and having short-term assets exceeding liabilities, the company faces challenges with less than a year of cash runway and increased share dilution over the past year. Management’s limited experience and heightened stock volatility present additional risks, but ongoing exploration efforts aim to enhance resource estimates and develop high-grade mining strategies.

• Navigate through the intricacies of Clean Air Metals with our comprehensive balance sheet health report here.

• Understand Clean Air Metals’ track record by examining our performance history report.

TSXV:AIR Debt to Equity History and Analysis as at Dec 2024Lara Exploration

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Lara Exploration Ltd., with a market cap of CA$69.21 million, is involved in the acquisition, exploration, development, and evaluation of mineral properties in Brazil, Peru, and Chile through its subsidiaries.

Operations: Lara Exploration Ltd. does not report any revenue segments.

Market Cap: CA$69.21M

Lara Exploration Ltd., with a market cap of CA$69.21 million, is a pre-revenue company engaged in mineral exploration in South America. Recent earnings showed improvement, with net income reported for the third quarter and nine months ending September 2024. The company’s Planalto Copper-Gold Project in Brazil has revealed significant mineral resources, indicating potential for future development. However, Lara faces financial challenges with less than a year of cash runway and recent shareholder dilution. Despite being debt-free and having experienced management and board members, its unprofitability poses risks to investors seeking stability.

• Jump into the full analysis health report here for a deeper understanding of Lara Exploration.

• Evaluate Lara Exploration’s historical performance by accessing our past performance report.

TSXV:LRA Debt to Equity History and Analysis as at Dec 2024Where To Now?

• Explore the 916 names from our TSX Penny Stocks screener here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include CNSX:SOL TSXV:AIR and TSXV:LRA.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Vancouver, British Columbia–(Newsfile Corp. – November 12, 2024) – Lara Exploration Ltd. (TSXV: LRA) ("Lara") is pleased to report that mining and processing has resumed at the Celesta Copper Project in the Carajás of Brazil. Tessarema Resources has advised that an additional 3,545m of resource definition drilling was completed on the Osmar and Galpão targets while work was carried out to reinstate permits and bring the processing plant out of care and maintenance. Tessarema resumed mining and processing ore from stockpiles and the Osmar pit in October, with a gradual ramp-up expected in the coming months.

Lara owns a 5% net profits interest in the project, via preferred shares of Celesta, without the obligation to contribute to the re-start costs, and a 2% Net Smelter Returns ("NSR") Royalty on production.

About Lara Exploration

Lara is an exploration company following the Prospect and Royalty Generator business model, which aims to minimize shareholder dilution and financial risk by generating prospects and exploring them in joint ventures funded by partners, retaining a minority interest and or a royalty. The Company currently holds a diverse portfolio of prospects, deposits and royalties in Brazil, Peru and Chile. Lara's common shares trade on the TSX Venture Exchange under the symbol "LRA".

For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

-30-

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229637

In the wake of a decisive U.S. election outcome, Canadian markets are experiencing renewed optimism, with the TSX reaching record highs alongside its American counterparts. As investors navigate this post-election landscape, attention turns to long-term fundamentals and identifying promising opportunities within Canada’s small-cap sector. A good stock in this environment often displays strong fundamentals and potential for growth, making it well-positioned to benefit from favorable economic conditions and market sentiment shifts.

Top 10 Undiscovered Gems With Strong Fundamentals In Canada

Name	Debt To Equity	Revenue Growth	Earnings Growth	Health Rating
TWC Enterprises	6.24%	12.63%	23.89%	★★★★★★
Reconnaissance Energy Africa	NA	15.28%	7.58%	★★★★★★
Grown Rogue International	24.92%	43.35%	67.95%	★★★★★☆
Mako Mining	22.90%	38.12%	54.79%	★★★★★☆
Maxim Power	25.01%	13.56%	17.14%	★★★★★☆
Queen’s Road Capital Investment	7.20%	22.14%	22.20%	★★★★☆☆
Corby Spirit and Wine	75.89%	5.97%	-5.75%	★★★★☆☆
Petrus Resources	19.44%	17.39%	46.03%	★★★★☆☆
Genesis Land Development	47.40%	28.61%	52.30%	★★★★☆☆
DIRTT Environmental Solutions	58.73%	-5.34%	-5.43%	★★★★☆☆

Click here to see the full list of 43 stocks from our TSX Undiscovered Gems With Strong Fundamentals screener.

We’ll examine a selection from our screener results.

Corby Spirit and Wine

Simply Wall St Value Rating: ★★★★☆☆

Overview: Corby Spirit and Wine Limited, along with its subsidiaries, engages in the production, marketing, and importation of spirits, wines, and ready-to-drink cocktails across Canada, the United States, the United Kingdom, and other international markets with a market cap of CA$352.95 million.

Operations: Corby Spirit and Wine generates revenue primarily from Case Goods, contributing CA$198.75 million, followed by Commissions at CA$26.59 million.

Corby Spirit and Wine, a notable player in Canada’s beverage industry, has shown resilience with earnings growth of 8.9% over the past year, outpacing the industry average. Despite a high net debt to equity ratio of 58.3%, their interest payments are well covered by EBIT at 7.2x coverage, indicating strong financial management. The company’s price-to-earnings ratio stands attractively at 14.8x compared to the industry’s 25.8x average. Recently, Corby launched a new RTD product line in collaboration with Ocean Spray®, potentially boosting market presence and consumer engagement across Canada by Spring 2025.

• Get an in-depth perspective on Corby Spirit and Wine’s performance by reading our health report here.

• Evaluate Corby Spirit and Wine’s historical performance by accessing our past performance report.

TSX:CSW.A Debt to Equity as at Nov 2024SilverCrest Metals

Simply Wall St Value Rating: ★★★★★★

Overview: SilverCrest Metals Inc. focuses on acquiring, exploring, and developing precious metal properties in Mexico with a market capitalization of CA$2.13 billion.

Operations: SilverCrest Metals generates revenue primarily from its Las Chispas project, amounting to $261.54 million.

SilverCrest Metals, a nimble player in the mining sector, has demonstrated robust earnings growth of 30.6% over the past year, outpacing its industry peers. Despite having no debt for five years and maintaining high-quality earnings, future projections suggest an average annual decline of 19.2% in earnings over the next three years. Recent production results show a slight dip with gold recovery at 14,928 oz compared to last year’s 15,700 oz and silver recovery at 1.41 million oz down from 1.49 million oz; however, ore mined increased significantly to 124,229 tonnes from last year’s 83,800 tonnes. Notably poised for transformation through Coeur Mining’s acquisition valued at approximately US$1.7 billion—equating to $11.34 per share—this transaction is anticipated to conclude by Q1 of next year pending regulatory approvals and shareholder consent.

• Dive into the specifics of SilverCrest Metals here with our thorough health report.

• Understand SilverCrest Metals’ track record by examining our Past report.

TSX:SIL Earnings and Revenue Growth as at Nov 2024Alphamin Resources

Simply Wall St Value Rating: ★★★★★★

Overview: Alphamin Resources Corp., along with its subsidiaries, focuses on the production and sale of tin concentrates and has a market capitalization of CA$1.61 billion.

Operations: Alphamin Resources generates revenue primarily through the production and sale of tin concentrates. The company has a market capitalization of CA$1.61 billion, reflecting its position in the tin industry.

Alphamin Resources, a notable player in the mining sector, has demonstrated robust financial performance with earnings growth of 35.4% over the past year, outpacing industry averages. The company reported impressive sales of US$174.55 million for Q3 2024, a significant increase from US$80.78 million in the same period last year, alongside net income rising to US$32.94 million from US$14.73 million previously. Furthermore, Alphamin’s net debt to equity ratio stands at a satisfactory 0.3%, reflecting strong financial health and effective debt management over recent years as it reduced from 56.8% to 17.3%.

• Unlock comprehensive insights into our analysis of Alphamin Resources stock in this health report.

• Learn about Alphamin Resources’ historical performance.

TSXV:AFM Debt to Equity as at Nov 2024Key Takeaways

• Investigate our full lineup of 43 TSX Undiscovered Gems With Strong Fundamentals right here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSX:CSW.A TSX:SIL and TSXV:AFM.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Alphamin Resources Corp.

Grand Baie, MAURITIUS, Nov. 06, 2024 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”) announced today the filing of its unaudited condensed consolidated financial statements and accompanying Management’s Discussion and Analysis (“MD&A”) for the quarter ended 30 September 2024 on SEDAR+ at www.sedarplus.ca. EBITDA and AISC for the quarter are in line with guidance announced on 3 October 2024.

Highlights:

• Interim FY2024 dividend increased to CAD$0.06 per share (previously CAD$0.03 per share) and paid on 4 November 2024

• Record quarterly tin production of 4,917 tonnes, up 22% from the prior quarter

• Q3 EBITDA3 of US$91.6m (Guidance: US$91.5m), up 69% from the prior quarter

• AISC per tonne of tin sold of US$15,728 (Guidance US$15,700), in line with the prior quarter

Operational and Financial Summary for the Quarter ended September 20241

Description	Units	Quarter ended September 2024	Quarter ended June 2024	Change
Ore Processed	Tonnes	229,107	166,676	37	%
Tin Grade Processed	% Sn	2.9	3.2	-9	%
Overall Plant Recovery	%	73.5	75.4	-3	%
Contained Tin Produced	Tonnes	4,917	4,028	22	%
Contained Tin Sold	Tonnes	5,552	3,245	71	%
EBITDA2	US$'000	91,567	54,242	69	%
AISC2	US$/t sold	15,728	15,556	1	%
Average Tin Price Achieved	US$/t	31,757	32,314	-2	%

1Information is disclosed on a 100% basis. Alphamin indirectly owns 84.14% of its operating subsidiary to which the information relates. 2This is not a standardized financial measure and may not be comparable to similar financial measures of other issuers.See “Use of Non-IFRS Financial Measures” below and “Selected Consolidated Financial Information” in Company’s Q3 2024 MD&A for the composition and calculation of this financial measure and a reconciliation to its most comparable IFRS measure.

FOR MORE INFORMATION, PLEASE CONTACT:

Maritz Smith                                CEO                        Alphamin Resources Corp.                        Tel: +230 269 4166E-mail: msmith@alphaminresources.com

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

USE OF NON-IFRS FINANCIAL PERFORMANCE MEASURES

This announcement refers to the following non-IFRS financial performance measures:

EBITDA

EBITDA is profit before net finance expense, income taxes and depreciation, depletion, and amortization. EBITDA provides insight into our overall business performance (a combination of cost management and growth) and is the corresponding flow driver towards the objective of achieving industry-leading returns. This measure assists readers in understanding the ongoing cash generating potential of the business including liquidity to fund working capital, servicing debt, and funding capital expenditures and investment opportunities.

This measure is not recognized under IFRS as it does not have any standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other issuers. EBITDA data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

CASH COSTS

This measures the cash costs to produce and sell a tonne of contained tin. This measure includes mine operating production expenses such as mining, processing, administration, indirect charges (including surface maintenance and camp and head office costs), and smelting, refining and freight, distribution and royalties. Cash Costs do not include depreciation, depletion, and amortization, reclamation expenses, capital sustaining, borrowing costs and exploration expenses. On mine costs, exclusive of stock movement, are calculated on a cost per tonne produced basis, off mine costs are calculated on a cost per tonne sold basis.

AISC

This measures the cash costs to produce and sell a tonne of contained tin plus the capital sustaining costs to maintain the mine, processing plant and infrastructure. This measure includes the Cash Cost per tonne and capital sustaining costs together divided by tonnes of contained tin produced. All-In Sustaining Cost per tonne does not include depreciation, depletion, and amortization, reclamation, borrowing costs, foreign exchange gains and losses, exploration expenses and expansion capital expenditures.

Sustaining capital expenditures are defined as those expenditures which do not increase payable mineral production at a mine site and excludes all expenditures at the Company’s projects and certain expenditures at the Company’s operating sites which are deemed expansionary in nature.

The Canadian market has shown resilience, climbing 1.0% over the last week and 27% over the past year, with earnings forecast to grow by 16% annually. Investing in penny stocks—an area often associated with smaller or newer companies—can still offer unique growth opportunities when these stocks are supported by strong financial health. Despite being considered a niche investment category, penny stocks may present underappreciated chances for growth at lower price points, especially when they exhibit solid fundamentals and balance sheet strength.

Top 10 Penny Stocks In Canada

Name	Share Price	Market Cap	Financial Health Rating
PetroTal (TSX:TAL)	CA$0.68	CA$620.88M	★★★★★★
Findev (TSXV:FDI)	CA$0.41	CA$11.75M	★★★★★☆
Winshear Gold (TSXV:WINS)	CA$0.165	CA$4.4M	★★★★★★
Mandalay Resources (TSX:MND)	CA$3.24	CA$297.04M	★★★★★★
Pulse Seismic (TSX:PSD)	CA$2.29	CA$119.71M	★★★★★★
Amerigo Resources (TSX:ARG)	CA$1.80	CA$303.41M	★★★★★☆
Foraco International (TSX:FAR)	CA$2.40	CA$221.84M	★★★★★☆
East West Petroleum (TSXV:EW)	CA$0.035	CA$3.17M	★★★★★★
Newport Exploration (TSXV:NWX)	CA$0.115	CA$12.14M	★★★★★★
NamSys (TSXV:CTZ)	CA$1.11	CA$30.89M	★★★★★★

Click here to see the full list of 947 stocks from our TSX Penny Stocks screener.

Let’s uncover some gems from our specialized screener.

Alithya Group

Simply Wall St Financial Health Rating: ★★★★☆☆

Overview: Alithya Group Inc. offers strategy and digital technology services across Canada, the United States, and Europe, with a market cap of CA$173.51 million.

Operations: The company generates revenue from its Management Consulting Services segment, which amounts to CA$480.41 million.

Market Cap: CA$173.51M

Alithya Group Inc., with a market cap of CA$173.51 million, operates in the digital technology services sector and reported first-quarter revenue of CA$120.88 million, down from CA$131.6 million a year earlier. Despite being unprofitable, Alithya has managed to reduce its net loss to CA$2.76 million from CA$7.25 million and maintains a strong cash runway exceeding three years due to positive free cash flow growth of 48.1% annually. The company is trading at 81.5% below estimated fair value and has completed share buybacks totaling 576,151 shares for CAD 1.08 million since September 2023.

• Unlock comprehensive insights into our analysis of Alithya Group stock in this financial health report.

• Assess Alithya Group’s future earnings estimates with our detailed growth reports.

TSX:ALYA Debt to Equity History and Analysis as at Oct 2024Quipt Home Medical

Simply Wall St Financial Health Rating: ★★★★★☆

Overview: Quipt Home Medical Corp. operates through its subsidiaries to provide durable and home medical equipment and supplies in the United States, with a market cap of CA$174.51 million.

Operations: The company generates revenue of $244.23 million from its provision of durable and home medical equipment and supplies in the United States.

Market Cap: CA$174.51M

Quipt Home Medical, with a market cap of CA$174.51 million, is navigating the challenges of being unprofitable while focusing on strategic growth. Despite a net loss increase to US$3.65 million for the nine months ending June 2024, revenue rose to US$193.29 million from US$159.22 million year-on-year, reflecting its operational resilience in the U.S. healthcare market. The company has a seasoned management team and maintains sufficient cash runway for over three years due to positive free cash flow growth, positioning it well for potential acquisitions amidst higher interest rates and volatile markets, while trading below estimated fair value.

• Get an in-depth perspective on Quipt Home Medical’s performance by reading our balance sheet health report here.

• Review our growth performance report to gain insights into Quipt Home Medical’s future.

TSX:QIPT Financial Position Analysis as at Oct 2024Lara Exploration

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Lara Exploration Ltd., with a market cap of CA$62.64 million, operates through its subsidiaries to acquire, explore, develop, and evaluate mineral properties in Brazil, Peru, and Chile.

Operations: Lara Exploration Ltd. does not report specific revenue segments but focuses on the acquisition, exploration, development, and evaluation of mineral properties in Brazil, Peru, and Chile.

Market Cap: CA$62.64M

Lara Exploration Ltd., with a market cap of CA$62.64 million, is pre-revenue and unprofitable, yet holds potential due to its strategic mineral assets in Brazil, Peru, and Chile. The recent initial resource estimate for the Planalto Copper-Gold Project in Brazil highlights significant indicated resources of 47.7 million tonnes at an average grade of 0.53% copper and inferred resources totaling 154 million tonnes at an average grade of 0.36% copper. The company benefits from a debt-free balance sheet and experienced management team but faces challenges with declining earnings over the past five years despite recent profitability improvements reported in Q2 2024 results.

• Click here to discover the nuances of Lara Exploration with our detailed analytical financial health report.

• Evaluate Lara Exploration’s historical performance by accessing our past performance report.

TSXV:LRA Financial Position Analysis as at Oct 2024Next Steps

• Explore the 947 names from our TSX Penny Stocks screener here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSX:ALYA TSX:QIPT and TSXV:LRA.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

Vancouver, British Columbia–(Newsfile Corp. – October 17, 2024) – Miles Thompson announced that he has acquired ownership of 230,770 common shares (representing 0.5% of the outstanding common shares) of Lara Exploration Ltd. (TSXV: LRA) ("Lara") of Vancouver, BC. The common shares were acquired pursuant to the exercise of share purchase warrants exercisable at $1.00 each.

Immediately prior to the acquisition, Mr. Thompson owned and had control and direction over 4,544,373 common shares (representing 9.84% of Lara's outstanding common shares), stock options to purchase an additional 700,000 common shares under Lara's Stock Option Plan and the above noted share purchase warrants. If the options were exercised together with the share purchase warrants, Mr. Thompson would have had ownership of 5,475,143 common shares (representing 11.63% of the outstanding common shares on a partially diluted basis) of Lara.

Mr. Thompson now owns and has control and direction over 4,775,143 common shares (representing 10.14% of Lara's outstanding common shares), and stock options to purchase an additional 700,000 common shares. If the 700,000 stock options were exercised, Mr. Thompson would own and have control and direction over 5,475,143 common shares (representing 11.63% of the outstanding common shares on a partially diluted basis) of Lara.

The shares were acquired today for investment purposes under the prospectus exemption set out in section 2.24 [Employee, executive officer, director and consultant] of National Instrument 45-106 Prospectus Exemptions of the Canadian Securities Administrators. Presently, Mr. Thompson does not have any intention of acquiring any further securities of Lara. However, Mr. Thompson may acquire or dispose of securities of Lara in the open market, in privately negotiated transactions or otherwise, including through the exercise of the Options. Mr. Thompson's decision to acquire or dispose of securities of the Issuer will depend on general market conditions and other factors.

Mr. Thompson will file an Early Warning Report with the British Columbia, Alberta and Ontario Securities Commissions in respect of the acquisition. Copies of the Report may be obtained from SEDAR+ (www.sedarplus.ca) or without charge from Lara or me.

Contact: Miles Thompson(+) 1-604-669-8777

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226946

Vancouver, British Columbia–(Newsfile Corp. – October 17, 2024) – Lara Exploration Ltd. (TSXV: LRA) ("Lara" or the "Company") is pleased to report that it has filed an independent technical report (the "Technical Report") prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") supporting the initial resource estimate on its 100% owned Planalto Copper-Gold Project in the Carajás Mineral Province of northern Brazil.

The Technical Report, titled "Independent Technical Report on Mineral Resources Estimate for the Planalto Project, Canaã dos Carajás/Pará, Brazil", dated September 5, 2024, with an effective date of July 3, 2024, may be found under the Company's issuer profile on SEDAR+ (www.sedarplus.ca), with a copy also available on the Company's website at www.laraexploration.com. The Technical Report was authored by Leonardo de Moraes Soares, MSc (Geo), MAIG and Paulo Bergmann, BSc (Min Eng), FAusIMM, both of GE21 Consultoria Mineral Ltda. There are no material differences in the Technical Report from those results disclosed in the Company's news release dated October 9, 2024, or those disclosed below.

The Planalto Copper Project is located between Vale's Sossego copper mine and Cristalino copper deposit, and BHP's Pedra Branca copper mine and Antas mill, in the Carajás Mineral Province of northern Brazil. The Mineral Resources summarized in Table 1., contain a shallow dipping higher grade Main Mineralization domain, surrounded by a lower grade Host Rock Mineralization domain, constrained within an open pit shell representing a reasonable prospect of eventual economic extraction (RPEE). The Indicated Resources are estimated to be 47.7 million tonnes (Mt) at an average grade of 0.53% copper (Cu) and 0.06 grams per tonne (g/t) gold (Au), or 0.56% copper-equivalent (CuEq), containing 253 thousand tonnes (0.56 billion pounds) Cu or 267 thousand tonnes (0.59 billion pounds) CuEq. Inferred Resources are estimated to be 154 Mt at an average grade of 0.36%Cu and 0.04g/t Au, or 0.38%CuEq, containing 549 thousand tonnes (1.2 billion pounds) Cu or 585 thousand tonnes (1.3 billion pounds) CuEq.

Table 1: Mineral Resource Statement as at July 03, 2024 for the Planalto Deposit

Resource Category	Domain	Resource(Mt)	Cu grade(%)	Copper Equivalent( %)	Au grade(g/t)	Cu(Kt)	Cu(Mlbs)	Au(Koz)
Indicated	Main Mineralization	47.7	0.53	0.56	0.06	253	557	92
	Host Rock Mineralization	–	–	–	–	–	–	–
Total Indicated		47.7	0.53	0.56	0.06	253	557	92
Inferred	Main Mineralization	77.7	0.51	0.54	0.06	396	874	149.9
	Host Rock Mineralization	76.3	0.2	0.22	0.03	153	336	73.6
Total Inferred		154.0	0.36	0.38	0.04	549	1210	223.5

 

Notes related to the Mineral Resource Estimate:

The Mineral Resource Estimate (MRE) was restricted by a pit shell defined using metal prices of 10,000 US$/t Cu and 2,200 US$/oz Au, mining cost of 2.9 US$/t mined, processing and G&A cost of 11.50 US$/t processed. Process recovery of 88% Cu and 68% Au. Concentrate transport and selling costs of 208 US$/t concentrate. Commercial smelter terms, copper treatment and refining charges 59.5 US$/t concentrate, 0.06 US$/t metal, gold refining charge 4.47 US$/Oz.

Indicated and Inferred Resources are reported above a 0.16 % copper-equivalent cut off.

Copper-equivalent grade (CuEq) = Cu grade + ((Au Recovery x Au price x Payable Au) / (Cu Recovery x Cu price x Percentage Payable for Cu in NSR)) x Au grade, where: Payable Au = 90% and Percentage Payable for Cu in NSR = 83.7%.

The MRE contains fresh rock domains only, the oxide mineralization is not reported.

Grades reported using dry density.

The MRE is within Planalto Mineração tenement areas.

The MRE was estimated using ordinary kriging in 40m x 40m x 20m blocks with sub-blocks of 10m x 10m x 5m.

The MRE was produced using Leapfrog Geo software.

The MRE was prepared in accordance with the CIM Standards, and the CIM Guidelines, using geostatistical and/or classical methods, plus economic and mining parameters appropriate to the deposit.

The effective date of the MRE is July 3rd, 2024.

The QP responsible for the Mineral Resources Estimate is geologist Leonardo Soares (MAIG #5180).

Mineral Resources are not ore reserves and are not demonstrably economically recoverable.

The MRE numbers provided have been rounded to estimate relative precision. Values may not be added due to rounding.

Qualified Person

Mr. Leonardo de Moraes Soares MAIG, is a Qualified Person under NI 43-101 and is an independent consultant to the Company. Mr. Moraes co-authored the Technical Report, signed off on the Mineral Resource Statement and approved the technical disclosure in this release.

Mr Michael Bennell BSc, MSc, FAusIMM, is a Qualified Person under NI 43-101 and is the Vice President Exploration of the Company. Mr. Bennell approved the technical disclosure in this release and has verified the data disclosed.

About Lara Exploration

Lara is an exploration company following the Prospect and Royalty Generator business model, which aims to minimize shareholder dilution and financial risk by generating prospects and exploring them in joint ventures funded by partners, retaining a minority interest and or a royalty. The Company currently holds a diverse portfolio of prospects, deposits and royalties in Brazil, Peru and Chile. Lara's common shares trade on the TSX Venture Exchange under the symbol "LRA".

For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Cautionary Statement on Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Any statement that involves predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance are not statements of historical fact and constitute forward-looking information. This news release may contain forward-looking information pertaining to the Planalto Copper-Gold Project, including, among other things, the ability to identify additional resources and reserves (if any) and exploit such resources and reserves on an economic basis; the preparation of a Preliminary Economic Assessment; the conduct of additional drilling; and upgrading of current mineral resource estimates.

Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including, without limitation, assumptions about: favourable equity and debt capital markets; the ability and timing of funding to advance the development of the Planalto Project and pursue planned exploration and development; future spot prices of copper, gold and other minerals; the timing and results of exploration and drilling programs; the accuracy of mineral resource estimates; production costs; political and regulatory stability; the receipt of governmental and third party approvals; licenses and permits being received on favourable terms; sustained labour stability; stability in financial and capital markets; availability of mining equipment and positive relations with local communities and groups. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information are set out in the Company's public disclosure record on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226857

Vancouver, British Columbia–(Newsfile Corp. – September 23, 2024) – Lara Exploration Ltd. (TSXV: LRA) ("Lara") is pleased to report completion of the expenditures required to increase its ownership interest in the Mantaro Phosphate Project from 33% to 70%. As part of its operational strategy, Lara has established a new subsidiary, Fosfatos Alli Allpa, as the vehicle to advance further exploration, technical studies, and the eventual development. Named for its significance in the local Quechua language as "good soil" phosphates, Fosfatos Alli Allpa aims to produce and concentrate phosphate rock to meet the growing demand for natural fertilizers in the Junín Region, the Peruvian market generally, and eventually for export.

"Lara remains committed to sustainable practices and proactive community engagement, as we seek to develop phosphate fertilizer production via Fosfatos Alli Allpa," commented Miles Thompson, Chairman of Lara Exploration Ltd.

Lara is working under a Research Collaboration Agreement with the Peruvian National Institute of Agrarian Innovation (INIA) with on-going studies, fertilizing soils on selected test plots near the project with crushed phosphate rock, to demonstrate potential improvements in crop yields through the application of locally sourced phosphates.

Located between the provinces of Jauja and Concepción in the Junín Region of Central Peru, the Mantaro Phosphate Project hosts thick and extensive layers of sedimentary phosphate. Previous exploration, including trenching, drilling, processing test work, and other technical studies, have identified phosphate mineralization that is suitable for surface extraction, beneficiation and production of marketable phosphate rock concentrates. The project was previously studied by Stonegate Agricom Ltd. (later acquired by Itafos Inc.), which published a NI 43-101 technical report ("Technical Report on the Mantaro Phosphate Deposit Junín District Peru" authored by Donald H. Hains and Michelle Stone of Hains Technology Associates) on SEDAR on March 16, 2010.

The project also benefits from its strategic location near the national highway and major rail line connecting Huancayo with Lima and the port of Callao, as well as the newly completed Chinese-operated mega-port of Chancay. The rail line is being upgraded to increase capacity and a new concession has recently been granted to extend it to Huancavelica. High tension transmission lines traverse the property's western side.

About Lara Exploration

Lara is an exploration company following the Prospect and Royalty Generator business model, which aims to minimize shareholder dilution and financial risk by generating prospects and exploring them in joint ventures funded by partners, retaining a minority interest and or a royalty. The Company currently holds a diverse portfolio of prospects, deposits and royalties in Brazil, Peru and Chile. Lara's common shares trade on the TSX Venture Exchange under the symbol "LRA".

For further information on Lara Exploration Ltd. please consult our website www.laraexploration.com, or contact Chris MacIntyre, VP Corporate Development, at +1 416 703 0010.

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

-30-

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224058

Alphamin Resources (CVE:AFM) has had a rough three months with its share price down 3.7%. However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. Particularly, we will be paying attention to Alphamin Resources' ROE today.

Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.

View our latest analysis for Alphamin Resources

How To Calculate Return On Equity?

The formula for return on equity is:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

So, based on the above formula, the ROE for Alphamin Resources is:

18% = US$68m ÷ US$380m (Based on the trailing twelve months to June 2024).

The 'return' is the income the business earned over the last year. Another way to think of that is that for every CA$1 worth of equity, the company was able to earn CA$0.18 in profit.

Why Is ROE Important For Earnings Growth?

We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don’t share these attributes.

Alphamin Resources' Earnings Growth And 18% ROE

To start with, Alphamin Resources' ROE looks acceptable. On comparing with the average industry ROE of 9.6% the company's ROE looks pretty remarkable. This certainly adds some context to Alphamin Resources' exceptional 44% net income growth seen over the past five years. However, there could also be other causes behind this growth. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio.

Next, on comparing with the industry net income growth, we found that Alphamin Resources' growth is quite high when compared to the industry average growth of 25% in the same period, which is great to see.

past-earnings-growth

Earnings growth is an important metric to consider when valuing a stock. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. This then helps them determine if the stock is placed for a bright or bleak future. If you're wondering about Alphamin Resources''s valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry.

Is Alphamin Resources Making Efficient Use Of Its Profits?

The high three-year median payout ratio of 59% (implying that it keeps only 41% of profits) for Alphamin Resources suggests that the company's growth wasn't really hampered despite it returning most of the earnings to its shareholders.

Moreover, Alphamin Resources is determined to keep sharing its profits with shareholders which we infer from its long history of three years of paying a dividend.

Summary

On the whole, we feel that Alphamin Resources' performance has been quite good. In particular, its high ROE is quite noteworthy and also the probable explanation behind its considerable earnings growth. Yet, the company is retaining a small portion of its profits. Which means that the company has been able to grow its earnings in spite of it, so that's not too bad. Up till now, we've only made a short study of the company's growth data. You can do your own research on Alphamin Resources and see how it has performed in the past by looking at this FREE detailed graph of past earnings, revenue and cash flows.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse.

So, the natural question for Lara Exploration (CVE:LRA) shareholders is whether they should be concerned by its rate of cash burn. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. Let's start with an examination of the business' cash, relative to its cash burn.

View our latest analysis for Lara Exploration

When Might Lara Exploration Run Out Of Money?

You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. As at June 2024, Lara Exploration had cash of CA$2.7m and no debt. Importantly, its cash burn was CA$1.5m over the trailing twelve months. So it had a cash runway of approximately 21 months from June 2024. While that cash runway isn't too concerning, sensible holders would be peering into the distance, and considering what happens if the company runs out of cash. The image below shows how its cash balance has been changing over the last few years.

debt-equity-history-analysisHow Is Lara Exploration's Cash Burn Changing Over Time?

Lara Exploration didn't record any revenue over the last year, indicating that it's an early stage company still developing its business. So while we can't look to sales to understand growth, we can look at how the cash burn is changing to understand how expenditure is trending over time. Even though it doesn't get us excited, the 29% reduction in cash burn year on year does suggest the company can continue operating for quite some time. Admittedly, we're a bit cautious of Lara Exploration due to its lack of significant operating revenues. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

How Easily Can Lara Exploration Raise Cash?

While Lara Exploration is showing a solid reduction in its cash burn, it's still worth considering how easily it could raise more cash, even just to fuel faster growth. Companies can raise capital through either debt or equity. Many companies end up issuing new shares to fund future growth. We can compare a company's cash burn to its market capitalisation to get a sense for how many new shares a company would have to issue to fund one year's operations.

Lara Exploration's cash burn of CA$1.5m is about 3.0% of its CA$51m market capitalisation. That means it could easily issue a few shares to fund more growth, and might well be in a position to borrow cheaply.

So, Should We Worry About Lara Exploration's Cash Burn?

As you can probably tell by now, we're not too worried about Lara Exploration's cash burn. For example, we think its cash burn relative to its market cap suggests that the company is on a good path. And even though its cash burn reduction wasn't quite as impressive, it was still a positive. Considering all the factors discussed in this article, we're not overly concerned about the company's cash burn, although we do think shareholders should keep an eye on how it develops. On another note, we conducted an in-depth investigation of the company, and identified 3 warning signs for Lara Exploration (2 are concerning!) that you should be aware of before investing here.

If you would prefer to check out another company with better fundamentals, then do not miss this free list of interesting companies, that have HIGH return on equity and low debt or this list of stocks which are all forecast to grow.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Alphamin Resources (CVE:AFM) Second Quarter 2024 ResultsKey Financial Results

• Revenue: US$103.9m (up 37% from 2Q 2023).

• Net income: US$18.1m (up 23% from 2Q 2023).

• Profit margin: 17% (down from 19% in 2Q 2023). The decrease in margin was driven by higher expenses.

• EPS: US$0.014 (up from US$0.012 in 2Q 2023).

earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Alphamin Resources' share price is broadly unchanged from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Alphamin Resources that we have uncovered.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Alphamin Resources Corp.

GRAND BAIE, MAURITIUS, Aug. 23, 2024 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”) announced today the filing of its unaudited consolidated financial statements and accompanying Management’s Discussion and Analysis for the quarter ended 30 June 2024 on SEDAR+ at www.sedarplus.ca, an exploration update and the timing of dividends.

Exploration Update

Following completion of the Bisie mine expansion, the Company intends to commence with ongoing exploration drilling from Q4 2024. The exploration objectives are to:

Increase the Mpama North and Mpama South resource base and life of mine

Discover the next tin deposit in close proximity to the Bisie mine

Ongoing grassroots exploration in search of remote tin deposits 

Initial drilling is planned at Mpama North from an underground exploration drive at level 16 which is 250m below the first mining level and extending 200m beyond the northern extremity of the orebody. Development of this drive is nearing completion with drilling to commence early Q4 2024. Exploration holes are planned in multiple directions on strike and at depth. Additional underground exploration drives are planned from level 20 beyond the southern end of the Mpama North orebody. Surface drilling is planned to commence in Q4 2024 at Mpama South and between Mpama North and Mpama South targeting extensions at depth and on strike further south. These initiatives are not only planned to increase life of mine but also to yield valuable information towards discovering additional tin deposits in close proximity. In addition, an external review of all exploration data to date is expected to guide incremental drilling initiatives from 2025.

Timing of semi-annual dividends

In line with prior periods, the Board intends to consider the declaration of semi-annual dividends being a final dividend and an interim dividend in April and early October of each year. The dates of these dividend declarations are intended to be aligned with the timing of holding of meetings of Alphamin Bisie Mining SA (ABM), the Company’s 84.14% DRC operating subsidiary, to approve ABM’s annual and interim financial statements and to consider the declaration of a dividend for distribution to shareholders of ABM.

Qualified Person

Mr. Jeremy Witley, Pr. Sci. Nat., BSc. (Hons) Mining Geology, MSc (Eng), is a qualified person (QP) as defined in National Instrument 43-101 and has reviewed and approved the scientific and technical information contained in this news release. He is Head of Mineral Resources at the MSA Group (Pty) Ltd and is an independent technical consultant to the Company.

_________________________________________________________________________________________

FOR MORE INFORMATION, PLEASE CONTACT:

Maritz Smith                                CEO                        Alphamin Resources Corp.                        Tel: +230 269 4166E-mail: msmith@alphaminresources.com

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Forward-looking statements contained herein include, without limitation, statements relating to the timing and declaration of dividends and planned exploration activities. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Although Alphamin has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to: uncertainties regarding the price of tin on the international markets, the level of tin production and ability to sell product, uninterrupted supply of equipment and consumables to effectively run the operation, adverse political events and risks of security related incidents which may impact the operation or safety of its people as well as those risk factors set out in the Company’s annual Management Discussion and Analysis and other disclosure documents available under the Company’s profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and Alphamin disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

It might be of some concern to shareholders to see the Alphamin Resources Corp. (CVE:AFM) share price down 11% in the last month. But that doesn't undermine the fantastic longer term performance (measured over five years). In that time, the share price has soared some 335% higher! Arguably, the recent fall is to be expected after such a strong rise. But the real question is whether the business fundamentals can improve over the long term.

Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns.

View our latest analysis for Alphamin Resources

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

During the last half decade, Alphamin Resources became profitable. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains. Since the company was unprofitable five years ago, but not three years ago, it's worth taking a look at the returns in the last three years, too. Indeed, the Alphamin Resources share price has gained 37% in three years. In the same period, EPS is up 170% per year. This EPS growth is higher than the 11% average annual increase in the share price over the same three years. So you might conclude the market is a little more cautious about the stock, these days.

The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).

earnings-per-share-growth

It's probably worth noting that the CEO is paid less than the median at similar sized companies. It's always worth keeping an eye on CEO pay, but a more important question is whether the company will grow earnings throughout the years. It might be well worthwhile taking a look at our free report on Alphamin Resources' earnings, revenue and cash flow.

What About Dividends?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. As it happens, Alphamin Resources' TSR for the last 5 years was 409%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments!

A Different Perspective

Alphamin Resources shareholders gained a total return of 10% during the year. But that was short of the market average. It's probably a good sign that the company has an even better long term track record, having provided shareholders with an annual TSR of 38% over five years. Maybe the share price is just taking a breather while the business executes on its growth strategy. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with Alphamin Resources , and understanding them should be part of your investment process.

We will like Alphamin Resources better if we see some big insider buys. While we wait, check out this free list of undervalued stocks (mostly small caps) with considerable, recent, insider buying.

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Canadian exchanges.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Alphamin Resources Corp.

GRAND BAIE, MAURITIUS, July 10, 2024 (GLOBE NEWSWIRE) — Alphamin Resources Corp. (AFM:TSXV, APH:JSE AltX)( “Alphamin” or the “Company”), is pleased to provide the following update for the quarter ended June 2024:

• Record tin production of 4,027 tonnes, up 28% from the prior quarter

• Tin sales of 3,245 tonnes, with increased tin stocks from the expansion expected to clear in Q3

• EBITDA3 guidance of US$54,2m, up 4% from the prior quarter

Operational and Financial Summary for the Quarter ended June 20241

__________________________________________________________________________________________

1Information is disclosed on a 100% basis. Alphamin indirectly owns 84.14% of its operating subsidiary to which the information relates. Tin production includes tin produced at Mpama South since 14 May 2024. 2Q2 2024 EBITDA and AISC represent management’s guidance. 3This is not a standardized financial measure and may not be comparable to similar financial measures of other issuers.See “Use of Non-IFRS Financial Measures” below for the composition and calculation of this financial measure.

Operational and Financial Performance

The new Mpama South processing facility has been producing tin concentrate to sales specification since 14 May 2024 and achieved commercial production on 17 May 2024. Accordingly, AISC and EBITDA includes Mpama South from 17 May 2024. Tin sales lagged production resulting in a limited contribution from the expansion to EBITDA during the quarter. AISC guidance of US$15,576/t is inclusive of the incremental Mpama South production costs – the quarter-on-quarter increase in AISC is as a result of the impact of the higher tin price on royalties, export charges, net smelter returns and marketing fees.

Contained tin production of 4,027 tonnes for the quarter ended June 2024 was 28% above the prior period. This increase is a result of the Mpama South expansion. With only half of the quarter benefiting from the expansion, we expect Q3 to deliver a further increase in tin production.

Due to the expansion from mid-May 2024, ore processed increased by 52% to 166,675 tonnes and the tin grade of the feed ore reduced to 3,2%. This is in line with expectations as the expansion targets a doubling of processing volumes and a reduction in the overall tin grade to ~3%.

The Mpama South facility was originally targeted to produce at a metallurgical recovery of 70% on the basis of a 2% tin feed grade, which should result in a combined recovery of ~73% going forward. The new plant outperformed during Q2 and achieved recoveries in excess of 70% at an average feed grade of 2,2%.

Tin sales decreased by 21% to 3,245 tonnes – the comparative quarter recorded exceptionally high sales volumes as the quarter cleared the backlog from low Q4 2023 sales due to poor road conditions. The current quarter’s delay in tin sales should clear during Q3 2024.

EBITDA for Q2 2024 is estimated at US$54,2m (Q1 2024: US$52,1m). The EBITDA variance compared to the prior quarter was impacted by a 21% reduction in tin sales volumes and benefited from a positive tin price variance of 20%. The additional tin production from the expansion should translate into higher sales volumes from Q3 2024 and accordingly contribute to EBITDA. The lag in tin sales compared to production in Q2 2024 impacted EBITDA by approximately US$15m.

Alphamin’s unaudited consolidated financial statements and accompanying Management’s Discussion and Analysis for the quarter ended 30 June 2024 are expected to be released on or about 23 August 2024.

Qualified Person

Mr. Clive Brown, Pr. Eng., B.Sc. Engineering (Mining), is a qualified person (QP) as defined in National Instrument 43-101 and has reviewed and approved the scientific and technical information contained in this news release. He is a Principal Consultant and Director of Bara Consulting Pty Limited, an independent technical consultant to the Company._________________________________________________________________________________________

FOR MORE INFORMATION, PLEASE CONTACT:

Maritz Smith                                CEO                        Alphamin Resources Corp.                        Tel: +230 269 4166E-mail: msmith@alphaminresources.com

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Forward-looking statements contained herein include, without limitation, statements relating to EBITDA and AISC guidance for Q2 2024; timing regarding the clearance of the backlog in tin sales; expectations regarding Mpama South plant recoveries and expectations regarding a further increase in tin production in Q3 2024; expectations regarding an increase to processing volumes and a reduction in the tin grade processed. Forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Although Alphamin has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to: ongoing processing recoveries at the Mpama South plant and the availability of ore at expected quantities and grades, uncertainties regarding global supply and demand for tin and market and sales prices, uncertainties with respect to social, community and environmental impacts, uninterupted access to required infrastructure and third party service providers, uncertainties regarding the state of inbound and outbound roads and truck availabilities, adverse political events and risks of security related incidents which may impact the operation or safety of its people, uncertainties regarding the legislative requirements in the Democratic Republic of the Congo which may result in unexpected fines and penalties or the ability to continue with normal operations, impacts of the global Covid-19 pandemic or other health crises on mining operations and commodity prices as well as those risk factors set out in the Company’s annual Management Discussion and Analysis and other disclosure documents available under the Company’s profile at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this news release and Alphamin disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

USE OF NON-IFRS FINANCIAL PERFORMANCE MEASURES

This announcement refers to the following non-IFRS financial performance measures:

EBITDA

EBITDA is profit before net finance expense, income taxes and depreciation, depletion, and amortization. EBITDA provides insight into our overall business performance (a combination of cost management and growth) and is the corresponding flow driver towards the objective of achieving industry-leading returns. This measure assists readers in understanding the ongoing cash generating potential of the business including liquidity to fund working capital, servicing debt, and funding capital expenditures and investment opportunities.

This measure is not recognized under IFRS as it does not have any standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other issuers. EBITDA data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

CASH COSTS

This measures the cash costs to produce and sell a tonne of contained tin. This measure includes mine operating production expenses such as mining, processing, administration, indirect charges (including surface maintenance and camp and head office costs), and smelting, refining and freight, distribution and royalties. Cash Costs do not include depreciation, depletion, and amortization, reclamation expenses, capital sustaining, borrowing costs and exploration expenses. On mine costs, exclusive of stock movement, are calculated on a cost per tonne produced basis, off mine costs are calculated on a cost per tonne sold basis.

AISC

This measures the cash costs to produce and sell a tonne of contained tin plus the capital sustaining costs to maintain the mine, processing plant and infrastructure. This measure includes the Cash Cost per tonne and capital sustaining costs together divided by tonnes of contained tin produced. All-In Sustaining Cost per tonne does not include depreciation, depletion, and amortization, reclamation, borrowing costs, foreign exchange gains and losses, exploration expenses and expansion capital expenditures.

Sustaining capital expenditures are defined as those expenditures which do not increase payable mineral production at a mine site and excludes all expenditures at the Company’s projects and certain expenditures at the Company’s operating sites which are deemed expansionary in nature.

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. And in light of that, the trends we're seeing at Alphamin Resources' (CVE:AFM) look very promising so lets take a look.

Understanding Return On Capital Employed (ROCE)

For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Alphamin Resources:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.26 = US$114m ÷ (US$544m – US$105m) (Based on the trailing twelve months to March 2024).

So, Alphamin Resources has an ROCE of 26%. That's a fantastic return and not only that, it outpaces the average of 1.0% earned by companies in a similar industry.

See our latest analysis for Alphamin Resources

roce

In the above chart we have measured Alphamin Resources' prior ROCE against its prior performance, but the future is arguably more important. If you'd like to see what analysts are forecasting going forward, you should check out our free analyst report for Alphamin Resources .

How Are Returns Trending?

The fact that Alphamin Resources is now generating some pre-tax profits from its prior investments is very encouraging. Shareholders would no doubt be pleased with this because the business was loss-making five years ago but is is now generating 26% on its capital. Not only that, but the company is utilizing 77% more capital than before, but that's to be expected from a company trying to break into profitability. This can tell us that the company has plenty of reinvestment opportunities that are able to generate higher returns.

On a side note, we noticed that the improvement in ROCE appears to be partly fueled by an increase in current liabilities. Effectively this means that suppliers or short-term creditors are now funding 19% of the business, which is more than it was five years ago. It's worth keeping an eye on this because as the percentage of current liabilities to total assets increases, some aspects of risk also increase.

The Bottom Line On Alphamin Resources' ROCE

Long story short, we're delighted to see that Alphamin Resources' reinvestment activities have paid off and the company is now profitable. And a remarkable 480% total return over the last five years tells us that investors are expecting more good things to come in the future. So given the stock has proven it has promising trends, it's worth researching the company further to see if these trends are likely to persist.

On a separate note, we've found 2 warning signs for Alphamin Resources you'll probably want to know about.

High returns are a key ingredient to strong performance, so check out our free list ofstocks earning high returns on equity with solid balance sheets.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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