[Andrada swings to interim profit as Uis tin output and prices rise]

Published: Oct 22, 2026 17:04 (GMT+8)

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Andrada Mining posted a profit after tax of about 3.3 million USD for the six months to 31 August, versus a 4 million USD loss a year earlier, on higher realised tin prices and increased Uis mine output. Revenue rose 80% to about 27 million USD; gross profit more than quadrupled to roughly 11 million USD, lifting gross margin to 40.3% from 16.4%. Contained tin output rose 13% to 576 tonnes and tin concentrate gained 11% to 955 tonnes, while the average realised tin price climbed 57% to 52,131 USD/tonne and C1 costs held at 17,842 USD/tonne. Operating costs rose 28% to about 16.2 million USD, but cash reached about 20.6 million USD. The funded ore-sorting circuit at Uis is expected to lift annual tin concentrate output by 50%-70% to 2,500-3,000 tonnes, or 1,500-1,900 tonnes of contained tin.

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