Titan Mining Q2 revenue jumps on higher zinc output

Titan Mining

12/08/2026 11:09

Overview
U.S. critical minerals producer's Q2 revenue rose 57% yr/yr, highest since Q4 2024
Adjusted EBITDA for Q2 surged 272% yr/yr, driven by strong zinc operations
Company reaffirmed 2026 production and cost guidance, citing progress on graphite and germanium projects

Outlook
Titan reaffirms 2026 zinc production guidance of 62–66 mln payable lbs
Company maintains 2026 C1 cash cost guidance of $0.93–$1.01/lb and AISC of $1.07–$1.17/lb
Titan targets a construction decision on Kilbourne graphite project by early 2027, subject to approvals

Result Drivers
ZINC PRODUCTION AND SALES - Higher zinc output and sales volumes, up 13% yr/yr and 23% from Q1, contributed to increased revenue
HIGHER ZINC PRICES - Average provisional zinc price rose 7% from Q1, supporting revenue growth
LOWER CASH COSTS - C1 cash costs fell 15% from Q1 and were below guidance, aiding profitability

Company press release: ID:nGNXWf6P2

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$25.70 mln
$18.60 mln (1 Analyst)
Q2 Net Income Before Tax
 
$6.10 mln
 
Q2 Adjusted Operating Cash Flow
 
$4.90 mln
 
Q2 Net Debt
 
$12.80 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 84.8% below its August 11 closing price of C$3.30

Reuters Recommended Reads
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Aug 10 - Canada's Altius Minerals Q2 royalty revenue more than doubles on higher commodity prices

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(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.)