Andrada Mining Reports Solid Operational Performance, Advances Lithium Ridge Exploration
Why we think this is good
Andrada Mining's operational update demonstrates strong performance across key metrics, including increases in ore processed, tin concentrate produced, and contained tin. The company is also making progress on strategic initiatives, such as the new jig plant construction and the commencement of exploration at the Lithium Ridge project. While the RNS does not provide detailed financial information, the improvements in operational efficiency and cost control are positive indicators.
Key Points
- 7% increase in ore processed year-over-year
- 11% increase in tin concentrate produced year-over-year
- 2% increase in contained tin produced year-over-year
- Improvements in plant utilization and processing rate
- Increase in tantalum concentrate production
- Commencement of exploration activities at Lithium Ridge project
- Decrease in operational costs (C1, C2, and AISC) quarter-over-quarter
- Increase in realized tin price
Summary
Andrada Mining Limited, a tin producer with a critical raw materials portfolio in Namibia, has reported solid operational performance for the first quarter of fiscal year 2026. Key highlights include a 7% increase in ore processed, an 11% increase in tin concentrate produced, and a 2% increase in contained tin produced year-over-year. The company also saw improvements in plant utilization and processing rate, as well as a notable increase in tantalum concentrate production. Andrada has commenced exploration activities at its Lithium Ridge project, a strategic move to expand its critical minerals portfolio. Operationally, the company has managed to reduce its C1, C2, and all-in sustaining costs quarter-over-quarter, while also benefiting from an increase in the realized tin price.