Titan Mining Q3 revenue rises; lifts output guidance

Overview

• U.S. critical minerals producer's Q3 revenue rose 35% yr/yr to $22.6 mln

• Adjusted EBITDA more than doubled yr/yr, reaching $6.2 mln in Q3

• Zinc production declined due to maintenance delays, but higher output expected in Q4

Outlook

• Titan Mining reaffirms 2026 zinc production guidance of 62–66 mln payable lbs

• Company expects higher zinc production in Q4 2026 as mining advances to new levels

• Titan Mining maintains 2026 C1 cash cost guidance of $0.93–1.01/lb and AISC of $1.07–1.17/lb

Result Drivers

• MAINTENANCE DELAYS - Zinc production declined in Q3 due to temporary maintenance-driven delays and lower feed grade, per company statement

• GRAPHITE INVESTMENT - Q3 net loss before tax reflects continued investment in graphite growth strategy, including $4.4 mln Kilbourne Feasibility Study costs and $0.7 mln graphite project expenses

• CAPITAL PROJECTS - Titan continued capital development on mine infrastructure, with three major projects expected to be completed in Q4 to improve reliability and productivity

Company press release:

Key Details

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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.)