Titan Mining Corporation (T:TI*CA)

Business Focus: Zinc Ore Mining

Sector:  Basic Materials Industry:  Specialty Mining & Metals
See Regulatory Filings on SEDAR
Company Contact
Address: 999 Canada Pl Suite 555
Tel: N/A
Website: https://www.titanminingcorp.com
IR: See website
Key People
Richard W. Warke
Executive Chairman of the Board
Purni Parikh
Donald R. Taylor
Chief Executive Officer, Director
Michael Shawn McClelland
Chief Financial Officer
Scott Burkett
Vice President - Exploration
Tom Ladner
Vice President - Legal
Susy Horna
Corporate Secretary
Business Overview
Titan Mining Corporation is a Canada-based natural resource company. The Company is engaged in the acquisition, exploration, development and production of mineral properties. The Company holds a 100% indirect ownership interest in the Empire State Mine in Northern New York State, United States. The Empire State Mine (ESM) is an underground zinc mine near the town of Gouverneur, New York State. ESM consists of a group of high-grade mines - the ESM #4 mine which is in production, and six historic mines, such as ESM #1, #2 and #3, Hyatt, Pierrepont and Edwards mines. Its property covers approximately 80,000 acres of mineral rights of which approximately 2,700 acres have both fee simple surface and mineral rights.
Financial Overview
For the nine months ended 30 September 2021, TitanMining Corp revenues increased 84% to $39.2M. Net lossapplicable to common stockholders decreased 95% to $631K.Revenues reflect Zinc - Price per Unit - Average - Totalincrease of 35% to $2857 per metric ton, Zinc - Production- Total increase of 8% to 16K metric tons. Lower net lossreflects Interest and other finance expenses - Ba decreaseof 17% to $1.9M (expense).
Employees: 117 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $114.47M as of Sep 30, 2021
Annual revenue (TTM): $64.60M as of Sep 30, 2021
EBITDA (TTM): $11.11M as of Sep 30, 2021
Net annual income (TTM): -$1.95M as of Sep 30, 2021
Free cash flow (TTM): -$1.23M as of Sep 30, 2021
Net Debt Last Fiscal Year: $40.12M as of Sep 30, 2021
Shares outstanding: 138,979,000 as of Sep 30, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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