Titan Mining Corporation (T:TI*CA)
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 fiscal year ended 31 December 2023, Titan Mining Corp revenues decreased 16% to $52.1M. Net loss increased from $940K to $10.2M. Revenues reflect Zinc - Price per Unit - Average - Total decrease of 23% to $2582 per metric ton. Higher net loss reflects exploration and development of mineral properties segment loss totaling $13.9M vs. income of $312K. |
| Employees: | 142 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $89.85M as of Dec 31, 2023 |
| Annual revenue (TTM): | $71.20M as of Dec 31, 2023 |
| EBITDA (TTM): | -$1.23M as of Dec 31, 2023 |
| Net annual income (TTM): | -$13.96M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$5.75M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $42.14M as of Dec 31, 2023 |
| Shares outstanding: | 136,367,000 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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