Titan Mining Reports 57% Revenue Growth and Nearly 4x Adjusted EBITDA
Titan’s zinc margins surge on low costs, though a 13-year mine life and pending graphite capex discipline the bull case.
Titan Mining Corporation reported record second-quarter 2026 results, with payable zinc production reaching 17.5 million pounds, a 13% year-over-year increase and a 23% quarter-over-quarter rise. Revenue climbed 57% year-over-year to $25.7 million, while Adjusted EBITDA surged 272% to $9.6 million. Net income for the period was $5.4 million, or $0.06 per share.
Operational efficiency improved significantly, with C1 cash costs coming in at $0.88 per pound and all-in sustaining costs (AISC) at $0.96 per pound. Both metrics fell below the low end of the company’s full-year guidance, which set C1 cash costs between $0.93 and $1.01 per pound and AISC between $1.07 and $1.17 per pound.
The company’s balance sheet strengthened as net debt was halved to $12.8 million from $24.2 million a year ago, leaving available liquidity at $29.1 million. Titan reaffirmed its full-year 2026 guidance. The earnings release also provided updates on graphite commercial agreements, battery-grade purity validation, U.S. Army Enhanced Use Lease selections, and germanium development progress.
Titan Mining Corporation (TI) reported second-quarter results that exceeded its mine plan, with production surpassing targets and unit costs dropping sharply relative to guidance. The company reduced its net debt from $24.2 million to $12.8 million, a decrease driven by operating cash flow that materially improves its financial flexibility. These metrics were not fully anticipated, as the previous quarter’s cost revision had likely tempered expectations.
While the release reaffirmed guidance rather than raising it, the company noted that first-quarter costs had been revised higher, which partly offset the second-quarter performance beat.
Titan Mining Corporation (TI) is an Augusta Group company operating the 100%-owned Empire State Mines zinc property in New York and developing the adjacent Kilbourne Graphite Project. The company also holds a large land package of more than 120,000 acres in the Balmat‑Edwards district, which offers exploration upside for zinc, graphite, copper/gold (Parish), and germanium. Titan Mining is positioned as a U.S.-focused critical minerals producer with a declared ambition to be the first fully integrated domestic natural flake graphite supplier.