Titan Mining Stock Price, News & Analysis

Titan Mining Corporation has declared a C$0.01 quarterly cash dividend per common share, amounting to approximately C$1.4 million based on the current shares outstanding. This annualized dividend of C$0.04 represents a yield of 6.5% calculated from the closing share price of C$0.61 on March 6, 2023. The dividend will be payable on April 14, 2023, to shareholders on record as of March 31, 2023. This action aligns with Titan’s previously adopted policy of declaring quarterly dividends.

Titan Mining Corporation has announced a fixed zinc pricing agreement for approximately 30% of its projected zinc production for 2023, locking in a price of $1.55 per pound for the period from February to December 2023. This decision follows a record production year in 2022 at the Empire State Mine, with a forecast of 54-58 million pounds of payable zinc for 2023. The company also plans to implement a quarterly cash dividend and develop the Sphaleros project while managing financial risks.

Titan Mining Corporation (TSX: TI) announced significant drill results from a newly discovered mineralized zone at its 100% owned Empire State Mine in New York. The latest assays reveal high concentrations of zinc, with notable intercepts including 32.5 feet at 19.0% zinc and 48.7 feet at 23.9% zinc. The ongoing exploration program has completed six drill holes, with two results pending. ESM General Manager Joel Rheault expressed optimism about the high-grade mineralization's potential impact on future operations. This discovery may enhance the Company's current production capabilities and contribute positively to its growth trajectory.

Titan Mining Corporation has announced preliminary Q4 and full-year 2022 production results, achieving a record 52.5 million payable pounds of zinc and maintaining a cash dividend of C$0.01 per share. The company closed a $40 million credit facility, now maturing on December 6, 2024, and plans to begin construction of the Sphaleros project, which aims to enhance zinc production. For 2023, Titan expects payable zinc production of 54-58 million pounds with C1 cash costs estimated between $1.08 and $1.12 per payable pound. The company also continues to focus on exploration within its mineral rights.

Titan Mining Corporation (TSX: TI) has successfully extended the maturity date of its US$40 million Credit Facility with National Bank of Canada from December 6, 2023, to December 6, 2024. This extension provides improved flexibility for capital structure and investment opportunities at the Empire State Mine. Don Taylor, CEO, expressed satisfaction with this development, highlighting its importance for future capital and exploration initiatives.

Titan Mining Corporation has announced a new quarterly cash dividend policy, declaring a C$0.01 dividend per common share for Q4 2022, totaling approximately C$1.4 million. This dividend will be paid on January 13, 2023, to shareholders recorded by December 30, 2022. CEO Don Taylor emphasized this milestone reflects the company's confidence in its business strategy. The dividend is designated as an eligible dividend for Canadian tax purposes, signaling Titan's commitment to providing shareholder value.

Titan Mining Corporation reported its Q3 2022 results, highlighting a zinc production of 11.6 million payable pounds and sales of 12.6 million pounds. The company declared a special cash dividend of C$0.01 per share, marking its fifth consecutive payment. Despite a slight increase in costs and lower grade ore, Titan anticipates a record year for its Empire State Mine (ESM) as it progresses into Q4 with new permits allowing expansion into the Sphaleros area. As of September 30, the cash balance stood at $13.6 million, with a net loss of $0.2 million.

Titan Mining Corporation has declared a special cash dividend of C$0.01 per common share, totaling approximately C$1.4 million. This dividend is payable on October 14, 2022, to shareholders on record as of September 29, 2022. CEO Don Taylor emphasized the company's strong operational performance amidst economic uncertainties and its ability to meet capital needs, service debt, and expand operations. The dividend will be an eligible dividend for Canadian tax purposes.

Titan Mining Corporation (OTCQB: TIMCF) announced that its common shares are now approved for trading on the OTCQB Venture Market, effective September 8, 2022. This move aims to enhance accessibility for U.S. investors and broaden Titan's shareholder base, according to President & CEO Don Taylor. The OTCQB provides benefits for early-stage companies while maintaining lower costs and complexity compared to U.S. exchange listings. Titan operates the Empire State Mine in New York, focusing on zinc concentrate production.