Brief: Titan Mining Provides Operational Update

Titan Mining

14/11/2018 23:30

Nov 14 (Reuters) - Titan Mining Corp  TI.TO :
    * TITAN MINING ANNOUNCES MAJOR EXPANSION OF HISTORIC
MINERALIZED
ZONE CLOSE TO THE SHAFT AT EMPIRE STATE MINE AND PROVIDES
OPERATIONAL UPDATE
    * UPDATED MINE PLAN FOR ESM, INCORPORATING #2D ZONE, IS
EXPECTED
IN FIRST HALF OF 2019
    * HAS RECEIVED A COMMITMENT FOR FINANCING OF ITS ESM
OPERATIONS
INTO 2019
    * IN Q3 OF 2018, ESM ORE PRODUCTION OF 57,544 TONS WAS 11%
LOWER
THAN IN PRIOR QUARTER
    * PRODUCTION AT ESM WAS IMPACTED BY A NUMBER OF OPERATIONAL
ISSUES
IN Q3
    * IN LATE JULY, A HOIST INCIDENT OCCURRED AT ESM FOLLOWING
WHICH
UNDERGROUND ACTIVITIES WERE SUSPENDED FOR SIX DAYS
    * PRODUCTION AT ESM WAS IMPACTED IN Q3 OF 2018 MAINLY BY LOW
PRODUCTIVITY FROM MINING CONTRACTOR

Source text for Eikon:  ID:nGNX3rBST5 
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