Titan Mining reported record financial performance for the second quarter 2026, significantly exceeding analyst expectations on both the top and bottom lines. Revenue reached $25.7 million, a 57% increase year-over-year, driven by a 13% rise in zinc production to 17.5 million payable pounds as the company recovered from first-quarter hoisting outages. Profitability turned positive with net income of $5.4 million, or $0.06 per share, compared to a nominal profit in the prior-year period, supported by reduced operational costs and higher realized zinc prices.
Key Highlights
- Adjusted EBITDA grew 272% year-over-year to $9.6 million, placing the company on track to meet its full-year guidance range of $20–$28 million.
- C1 cash costs fell 15% sequentially to $0.88 per pound, tracking below the low end of the full-year guidance range of $0.93–$1.01 per pound.
- The Kilbourne Graphite Project achieved critical milestones, confirming battery-grade production and securing its first two commercial agreements post-quarter with RHI Magnesita and a defense manufacturer.