From GlobeNewswire: 2025-03-20 06:00:00

Titan Mining Corporation achieved the top end of 2024 production guidance, with 21.7 million pounds of payable zinc produced in Q4, a 56% increase from Q4 2023. Revenues were $26.3 million in Q4, up 318% from Q3 2024. C1 cash costs per pound sold were $0.81 in Q4, down 30% from Q4 2023.

Titan also reported a 10% decrease in AISC to $0.94 for FY 2024. The Company achieved cash flows from operations of $16.5 million, up 170% from FY 2023. Safety at the Empire State Mine improved, with an injury frequency rate 70% lower than the national average.

An updated mineral resource estimate extended ESM’s zinc operations until 2033, reporting a 22% increase in zinc contained pounds. Additionally, a maiden mineral resource estimate for the Kilbourne Graphite Project showed an inferred resource of 22 million US short tons at 2.91% grade. $22 million of debt was repaid in 2024.

CEO Don Taylor praised Titan’s operational and cost performance in 2024 despite Storm Debby’s disruption. President Rita Adiani highlighted the Company’s $17 million cash flow from operations and $22 million debt repayment in 2024. Titan aims to strengthen its position in domestic critical minerals supply chains in 2025.

Mining operations in Q4 2024 focused on key zones like Mahler and New Fold, with above-target grades and tons. Crushing and hoisting activities were briefly halted due to Storm Debby but resumed in Q4. Projects included an updated technical report and a power upgrade in the Mahler zone.

Titan’s Kilbourne Graphite Project showed positive results in Phase III metallurgical tests, with a flowsheet capable of producing 98.8% C(t) concentrate. The Company is finalizing engineering for a commercial demonstration plant to produce 1,000-1,200t per annum of graphite concentrate, co-located in the ESM mill area.

Scientific and technical information related to mineral resources at ESM and the Kilbourne project was based on approved reports by qualified persons. Non-GAAP measures like C1 cash cost and AISC were used to assess performance. Details are available in the Company’s financial statements and Management Discussion and Analysis.



Read more at GlobeNewswire:: Titan Hits Upper Range of Production Guidance and Beats