Welcome to our dedicated page for Titan Mining Corporation news (Ticker: $TIMCF), a resource for investors and traders seeking the latest updates and insights on Titan Mining Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Titan Mining Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Titan Mining Corporation's position in the market.
Titan Mining announced its first quarter 2024 results, highlighting safety achievements and operational progress. The Empire State Mine (ESM) received two safety awards from MSHA for 2023. Q1 2024 saw the production of 14.7 million pounds of payable zinc, a slight increase from Q4 2023. Despite a challenging market, Titan continues to explore the Kilbourne graphite trend, completing 19 drill holes and collecting a bulk sample.
Financially, Titan reported a revenue of $11.73 million, an improvement from $10.91 million in Q4 2023 but a net loss of $2.63 million. The company ended the quarter with $4.18 million in cash and $32.44 million in net debt. Operationally, efforts focused on the Mahler, New Fold, and Mud Pond zones. ESM production remains on target for 56-60 million pounds of zinc in 2024. Work on expansion projects like Turnpike is due to lower zinc prices.
