Welcome to our dedicated page for Titan Mining news (Ticker: TIMCF), a resource for investors and traders seeking the latest updates and insights on Titan Mining stock.
Titan Mining Corporation (TIMCF) is a specialized leader in zinc exploration and mineral extraction, utilizing advanced drilling techniques and sustainable mining practices. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments and operational milestones.
Access authoritative information including earnings announcements, strategic partnerships, and exploration progress reports. Our curated collection ensures you stay informed about resource estimates, production guidance updates, and key operational decisions impacting Titan Mining's position in the metals sector.
Regularly updated with verified press releases and objective analysis, this resource serves as your primary source for understanding Titan Mining's activities in underground operations, ore processing innovations, and mineralized zone discoveries. Discover comprehensive coverage of drilling program results, milling capacity expansions, and geological survey findings.
Bookmark this page for direct access to Titan Mining's official communications and third-party analyses. Monitor critical updates on inventory management strategies, equipment maintenance cycles, and quality control initiatives that shape the company's performance in competitive mineral markets.
Titan Mining (TSX: TI, OTCQB: TIMCF) has announced significant amendments to its Credit Facility with National Bank of Canada. The company will make a US$5 million principal repayment by December 30, 2024, bringing total 2024 repayments to US$17 million. The Credit Facility's maturity date has been extended from June 30, 2025, to December 31, 2025, with remaining principal payments restructured to US$5 million by June 30, 2025, and US$5.2 million by December 31, 2025.
The Empire State Mines continues to deliver strong operational results, with the company focusing on reducing unit costs and improving cash flow. Management indicates these amendments will enable significant deleveraging while advancing near-term expansion plans.
Titan Mining reports Q3 2024 results, marked by operational challenges due to Tropical Storm Debby. The company returned to full commercial production on September 26, 2024, after temporary suspension from August 12. Q3 financial highlights include: revenue of $8.27M, net loss of $4.86M, and earnings per share of -$0.04. Production decreased to 8.0 million pounds of payable zinc from 14.5 million pounds in Q2. Despite setbacks, the company maintains its full-year production guidance and expects Q4 cash costs to offset Q3's higher costs. An updated Life of Mine Plan and maiden resource estimate for the Kilbourne graphite project are expected in Q4.
Titan Mining (TSX:TI, OTCQB:TIMCF) has announced the return to full commercial production at its Empire State Mine in upstate New York following repairs due to damage caused by tropical Storm Debby on August 10, 2024. The electrical components of the underground crusher level were affected, but repairs were completed ahead of schedule and under budget.
Mining activities resumed on August 20, 2024, and continued during the repairs. With stockpiled ore and excess milling capacity, Titan expects to meet its original full year production guidance of 56 to 60 million payable pounds of zinc. The company's Vice President of Operations, Joel Rheault, expressed confidence in meeting production targets for the year.
Titan Mining (TSX:TI) (OTCQB:TIMCF) has appointed Rita Adiani as its new President, effective mid-October 2024. Ms. Adiani brings over 18 years of global mining industry experience, with expertise in capital markets, project development, and corporate leadership. Her background includes senior roles at Arizona Sonoran Copper Company, NRG Capital, and La Mancha Resources.
CEO Don Taylor highlighted Adiani's potential role in unlocking the graphite potential at Empire State Mines (ESM). The company's Kilbourne graphite project has near-surface potential with a significant portion of the targeted resource on fully permitted land. Titan aims to position ESM as a key player in securing a stable domestic supply of critical materials, particularly natural flake graphite, which currently lacks stable, secure domestic suppliers in the United States.
Titan Mining announced its first quarter 2024 results, highlighting safety achievements and operational progress. The Empire State Mine (ESM) received two safety awards from MSHA for 2023. Q1 2024 saw the production of 14.7 million pounds of payable zinc, a slight increase from Q4 2023. Despite a challenging market, Titan continues to explore the Kilbourne graphite trend, completing 19 drill holes and collecting a bulk sample.
Financially, Titan reported a revenue of $11.73 million, an improvement from $10.91 million in Q4 2023 but a net loss of $2.63 million. The company ended the quarter with $4.18 million in cash and $32.44 million in net debt. Operationally, efforts focused on the Mahler, New Fold, and Mud Pond zones. ESM production remains on target for 56-60 million pounds of zinc in 2024. Work on expansion projects like Turnpike is due to lower zinc prices.
