Titan Mining's Ambitious Plans for Production Growth in 2025
Titan Mining Updates on Zinc Production Expansion Plans
Titan Mining Corporation (TSX: TI) (OTCQB: TIMCF), based in Vancouver, is excited to share updates regarding its production expansion efforts at the Empire State Mines (ESM) project. The company aims to enhance its operations significantly, with a strategic focus on ramping up production in the coming years. By initiating expansion projects, Titan is set to strengthen its position in the zinc market while aiming for increased efficiency and sustainability.
Key Highlights of Production Expansion Initiatives
The company is anticipating an annual addition of approximately 12 million payable pounds of zinc as it advances its plans for the N2D Zone (N2D). The expansion also includes securing essential equipment, with mobilization expected by the end of Q2 2025. Titan forecasts that production contributions from the N2D Zone will materialize in the latter half of 2025, providing a critical boost to their overall output.
Enhanced Production Forecast for 2025
Titan Mining has increased its production guidance for 2025 to between 75 million and 81 million recoverable pounds of zinc. This represents a significant 15% increase compared to 2024 figures. The projected production costs, known as C1 cash costs, are estimated between $0.89 and $0.96 per payable pound, with all-in sustaining costs (AISC) estimated from $0.98 to $1.05.
Comments from Company Leadership
According to Don Taylor, CEO of Titan, "2025 is set to be a remarkable year for Titan as we advance our zinc growth strategy. The N2D Zone is fully developed, allowing a swift ramp-up in production, which will significantly contribute to our ongoing success in the zinc sector. Moreover, with metal stocks currently low and treatment charges anticipated to decline, now is an opportune time for zinc miners to capitalize on the market conditions."
Rita Adiani, President of Titan, expressed, "With the equipment in place for our expansion, we are on track for a smooth launch in the latter half of 2025. Our primary ambition remains to create value for shareholders while driving efficiency and advancing our growth initiatives in both our zinc and graphite sectors."
Strategic Roadmap for Production at Empire State Mines
Titan's management team, alongside its board, has greenlit a robust plan to recommence mining in the N2D area, an already developed site that will facilitate a rapid increase in production capabilities. The company expects to begin ramping up its output in the third quarter of 2025, reaching a full production capacity of 2,250 tons per day by the fourth quarter.
2025 Production and Cost Guidance Overview
The revised production guidance for 2025 implies impressive growth potential, with recoverable production projected between 75 and 81 million pounds and payable production estimated at 64 to 69 million pounds. The company outlines its cash costs as well, targeting C1 cash costs at $0.89 - $0.96 per payable pound and AISC at $0.98 - $1.05.
Advancements in Graphite Processing Initiatives
In addition to zinc production, Titan is concurrently working on final engineering for its natural flake graphite processing facility in New York. The company is actively pursuing financial solutions to support this project's development and will keep stakeholders informed as more milestones are reached.
Company Overview and Contact Information
Titan Mining Corporation, a part of the Augusta Group, specializes in zinc concentrate production at its fully owned Empire State Mine. The company prides itself on maximizing value and operational excellence, while strategically developing critical mineral assets that bolster the U.S. supply chain. For additional details, people are encouraged to visit Titan's official website.
For inquiries, please reach out to Rita Adiani, President of Titan, via email.
Frequently Asked Questions
What are Titan Mining's main goals for 2025?
Titan aims to enhance its zinc production capabilities significantly, targeting a 15% increase in production compared to the previous year.
How much zinc production is Titan expecting to add annually?
The company anticipates adding around 12 million payable pounds of zinc production with the advancement of its N2D expansion plans.
What is the estimated cost of production for 2025?
Titan's estimated cash costs for 2025 range between $0.89 and $0.96 per payable pound.
When does Titan plan to begin production from the N2D Zone?
Production from the N2D Zone is expected to contribute starting in the second half of 2025, following equipment mobilization and ramp-up phases.
What other initiatives is Titan Mining pursuing?
In addition to zinc production, Titan Mining is progressing on developing a natural flake graphite processing facility in New York State.
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