MIDAS SHARE TIPS: Tin miner Andrada's found its place in a new internet age

MIDAS SHARE TIPS: Tin miner Andrada's found its place in a new internet age
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MIDAS SHARE TIPS: Tin miner Andrada's found its place in a new internet age
Published: Feb, 01 2025 21:51

Summary at a Glance

Andrada delivered 885 tons of tin in the year to February 2024, production of around 1,000 tons is expected this year, and chief executive Anthony Viljoen intends to ramp up output to 1,600 tons in 2026.

The only listed tin producer on the London stock market, Andrada floated in 2017 and now has a fully functioning mine in Namibia, a country known for its political stability and mining expertise.

China is the largest producer of tin in the world but America and Europe are keen to source the metal from elsewhere and Andrada should benefit.

Today, the site, known as Uis, is home to one of the largest hard rock open pit mines in the world, with sufficient tin resources to last into the 22nd century.

Lithium was almost a by-product of the mine but Viljoen is keen to start commercial sales and hopes to take production up to at least 50,000 tons annually within the next two to three years.

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