Overview
Titan Mining Q2 zinc production up 7% yr/yr, revenue at $16.3 mln
Company reduced net debt by 21% from Q2 2024
Graphite facility construction underway, commissioning expected Q4 2025
Outlook
Titan expects graphite facility commissioning in Q4 2025
Company aims to ramp N2D production to 500 tons per day in Q3
Titan to become first integrated U.S. graphite producer in 70 years
Company positions as multi-commodity supplier of critical minerals
Result Drivers
ZINC PRODUCTION - 7% increase in zinc production driven by high-grade ore from Lower Mahler zone and N2D zone initiation
FINANCING - $15.8 mln EXIM Bank loan secured, supporting dual-commodity strategy
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$16.34 mln
Q2 Adjusted Operating Cash Flow
$2.36 mln
Q2 Basic EPS
Q2 Net Debt
$24.20 mln
Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the specialty mining & metals peer group is "buy."
Wall Street's median 12-month price target for Titan Mining Corp is C$0.35, about 257.1% below its August 11 closing price of C$1.25
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 8 three months ago
Press Release: ID:nGNX9XshQ
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)