https://www.miningweekly.com
Gouverneur|New York|Titan Mining|Empire State Mine|Graphite|Zinc|Rita Adiani
||||
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

     

Font size: - +

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

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Tradestream
Tradestream

We partner growth of our select clients through our comprehensive and competitive integrated international logistics, trade finance and information...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mount Lyell copper/gold/silver project in Tasmania.
Two new projects win Sibanye-Stillwater thumbs up
2nd September 2026 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.066 0.09s - 139pq - 2rq
Subscribe Now