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Gouverneur|New York|Titan Mining|Empire State Mine|Graphite|Zinc|Rita Adiani
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gouverneur|new-york|titan-mining|empire-state-mine|graphite|zinc|rita-adiani

Canadian zinc miner posts markable earnings gains supported by zinc prices

Empire State Mine site

Empire State Mine site

13th August 2026

By: Marleny Arnoldi

Online News Editor

     

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TSX- and NYSE-listed Titan Mining Corporation has reported a record performance in the quarter ended June 30, with adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) having quadrupled year-on-year to $9.6-million which CEO Rita Adiani says reflects the strength of the group's zinc operations.

The group produced 17.5-million payable pounds of zinc in the quarter, which marked a 13% increase compared with the same quarter last year and an achievement ahead of the mine plan.

The company's full-year zinc production guidance is set between 62-million and 66-million payable pounds of zinc, which are produced at the Empire State Mine operation, near Gouverneur, in New York State.

With adjusted Ebitda having grown by 272% year-on-year and 135% quarter-on-quarter, the company is on track to meet its full-year guidance of between $20-million and $28-million.

Titan's net income amounted to $5.4-million, or $0.06 apiece, in the reporting quarter, compared with $500 000 in the same quarter last year.

While Titan realised a zinc price of $1.57/lb in the quarter, which increased by 7% quarter-on-quarter, the company expects more gains as spot zinc prices rose significantly since the end of June to four-year-highs of about $1.70/lb.

Titan generated operating cashflow before changes in non-cash working capital of $4.9-million, up 156% from the first quarter of the year.

The company posted net debt of $12.8-million in the quarter under review, which has decreased by 47% compared with the same quarter last year, while it has available liquidity of $29.1-million.

Meanwhile, Titan is working to commercialise its Kilbourne graphite project, also at Empire State Mine, having signed two customer agreements in recent weeks and aiming to announce a construction decision early next year.

 

Edited by Creamer Media Reporter

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