Titan Mining Corporation (T:TI)
Business Focus: Zinc Ore Mining
| Sector: Basic Materials | Industry: Specialty Mining & Metals |
| Company Contact | |
| Address: | 999 Canada Pl Suite 555 VANCOUVER BC V6C 3E1 |
| Tel: | N/A |
| Website: | https://www.titanminingcorp.com |
| IR: | See website |
| Key People | ||
| Richard W. Warke Executive Chairman of the Board | Donald R. Taylor President, Chief Executive Officer, Director | Tyler Minnick Interim Chief Financial Officer |
| Purni Parikh Senior Vice President - Corporate Affairs, Company Secretary | Tom Ladner Vice President - Legal | Joel Rheault General Manager, Empire State Mine |
| Business Overview |
| Titan Mining Corporation is a Canada-based company. The Company produces zinc concentrate at its Empire State Mine (ESM) located in New York state, United States. It is engaged in the acquisition, exploration, development, and production of mineral properties. ESM is an underground zinc mine near the town of Gouverneur, New York State. ESM is comprised of a group of high-grade mines, including ESM #4 mine, which is in production, and six historic mines. The ESM #1, #2 and #3, Hyatt, Pierrepont and Edwards mines are all within approximately 30-mile radius of the 5,000 tons-per-day (tpd) mill. The ESM property controls more than 80,000 acres of mineral rights of which approximately 2,700 acres have both fee simple surface and mineral rights; approximately 1,754 acres near Gouverneur where the ESM #4 mine mill and tailings disposal facility are located; 703 acres in the town of Edwards, including the Edwards mine, and 242 acres covering the Pierrepont mine. |
| Financial Overview |
| For the three months ended 31 March 2024, Titan Mining Corp revenues decreased 30% to $11.7M. Net loss totaled $2.6M vs. income of $1.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Unrealized gain on derivative decrease from $3.2M (income) to $0K, Realized gain on derivative decrease from $634K (income) to $0K. |
| Employees: | 142 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $89.65M as of Mar 31, 2024 |
| Annual revenue (TTM): | $64.06M as of Mar 31, 2024 |
| EBITDA (TTM): | -$0.74M as of Mar 31, 2024 |
| Net annual income (TTM): | -$18.98M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$7.41M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $44.23M as of Mar 31, 2024 |
| Shares outstanding: | 136,367,000 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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