Titan Mining Corporation Restores Production and Outlook
Titan Mining Corporation Restores Production and Outlook
Titan Mining Corporation (TSX:TI, OTCQB:TIMCF) has achieved a significant milestone with its return to full commercial production at the Empire State Mine. The mine, located in New York, faced interruptions due to natural events that caused damage to vital equipment.
Resilience After Adversity
The site encountered serious disruptions following historic flooding caused by tropical Storm Debby, which struck in early August. This flooding resulted in damage to the electrical components essential for the underground operations. However, Titan swiftly addressed these issues. Repairs to the affected equipment were completed ahead of schedule and within budget restraints, allowing the company to resume operations swiftly.
Mining Activities Resumed
Mining operations successfully restarted on August 20. Notably, even during the repair period, limited mining activities persisted. Already deposited ore in the underground stockpile, together with typical production outputs, has positioned Titan to remain on track to meet its ambitious production targets.
Production Guidance Remains Stable
The company maintains confidence in achieving its original full-year production forecast, expecting between 56 to 60 million payable pounds of zinc. This optimism stems from both the resumption of operations and the enhancements made during the repair process.
Commitment to Operational Excellence
Joel Rheault, Vice President of Operations, recognized the dedication of both personnel and contractors during the repair phase, ensuring a sustained workforce safety and diligence. He expressed satisfaction with the rapid completion of repairs and the overall operational efficiency.
Focused on Value Creation
Titan Mining Corporation firmly believes in generating value through operational excellence. The company’s commitment extends to enhancing the security of the supply chain of critical minerals, particularly in zinc production. With its strong focus on these aspects, Titan is poised to thrive in this competitive sector.
About Titan Mining Corporation
Titan Mining Corporation operates as a wholly owned subsidiary of the Augusta Group. Its primary operation, the Empire State Mine, specializes in the production of zinc concentrate. The mine is integral not only to Titan’s operations but also to the broader mining sector in the region.
Explore More About Titan Mining
For further inquiries and information, interested parties can visit Titan's website. This platform provides a wealth of resources about the company, its operations, and ongoing projects in the mining industry.
Frequently Asked Questions
What caused the interruption in production at Titan Mining?
The interruption was primarily due to damage from historic flooding caused by tropical Storm Debby, which affected essential equipment at the Empire State Mine.
When has Titan Mining resumed production?
Production resumed on August 20, following necessary repairs to the mining equipment.
What is Titan Mining's production target for the year?
Titan Mining aims to produce between 56 to 60 million payable pounds of zinc in the current fiscal year.
Who is the Vice President of Operations at Titan Mining?
Joel Rheault holds the position of Vice President of Operations at Titan Mining Corporation.
How can I find more information about Titan Mining?
More information is available on Titan Mining Corporation's official website, which details their operations and industry contributions.
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