Titan Mining Q1 revenue rises as graphite shipments begin

Titan Mining

13/05/2026 24:44

Overview

US zinc and graphite producer's Q1 revenue rose 22% yr/yr

Company swung to net loss before tax, compared to last year profit due to non-cash derivative fair value loss

Titan commenced initial graphite shipments and advanced germanium recovery evaluation

Outlook

Titan Mining forecasts 2026 adjusted EBITDA of $20 mln to $28 mln

Company says graphite shipments and customer qualification are ongoing

Titan Mining to continue in Q2 drilling for resource expansion in zinc and graphite projects

Result Drivers

ZINC PRODUCTION - Co delivered zinc production in line with mine plan, prioritizing higher-grade zones and recovering deferred output after a temporary disruption

GRAPHITE SHIPMENTS - Initial domestic graphite concentrate shipments commenced, marking progress toward commercial development and supporting customer qualification

GROWTH INVESTMENT - Cash used in operating activities was driven by $2.83 mln investment in exploration, graphite demonstration facility and feasibility study

Company press release: ID:nGNX96Dx2d

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$19.59 mln
$20.10 mln (1 Analyst)
Q1 Net Income Before Tax
-$13.34 mln
Q1 Adjusted Operating Cash Flow
$1.90 mln
Q1 Net Debt
$12.90 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

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$0.50, about 86.4% below its May 12 closing price of C$3.67

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)