Titan Mining Achieves Historic Zinc Output, Eyes Strong 2024 Projections in New York
Titan Mining Achieves Historic Zinc Output, Eyes Strong 2024 Projections in New York

Titan Mining Achieves Historic Zinc Output, Eyes Strong 2024 Projections in New York

  • 21-Feb-2024 6:34 PM
  • Journalist: Timothy Greene

In New York, Titan Mining Corporation witnessed a landmark year in 2023 characterized by record-breaking zinc production and a notable safety achievement, setting the stage for continued growth in the upcoming year. At the Empire State Mine (ESM), Titan Mining embarked on a new phase of zinc extraction, revealing promising prospects for expansion and diversification. The preliminary production results unveiled by the company for the fourth quarter and the entirety of 2023, coupled with an optimistic outlook for 2024, illuminate a path of progress and innovation within the organization.

Throughout 2023, Titan Mining achieved unprecedented milestones in both safety and operational efficiency, marking it as the safest year since the mine's reopening. Concurrently, the company attained a remarkable feat of producing 61.0 million payable pounds of zinc, showcasing a significant 16% surge compared to the previous year. This remarkable achievement not only underscores Titan Mining's prowess in zinc production but also signals a promising trajectory for future endeavors. Additionally, the discovery of the Kilbourne graphite trend within Titan's permitted lands adds a new dimension to its operational landscape, hinting at potential avenues for diversification and expansion beyond the realm of zinc mining.

The cornerstone of Titan Mining Corporation's success lies in its strategic operational framework and unwavering commitment to safety protocols. By prioritizing safety, Titan has cultivated an environment conducive to excellence, resulting in an injury frequency rate well below the national average. This steadfast dedication to safety has not only safeguarded the well-being of its workforce but has also propelled the company to achieve unparalleled levels of zinc production. With a record-breaking output of 61.0 million payable pounds of zinc in 2023, Titan has set a new industry benchmark, positioning itself as a leader in the mining sector. Moreover, the identification of the Kilbourne graphite trend represents a pivotal milestone, offering prospects for future growth and diversification initiatives.

Looking ahead to 2024, Titan Mining Corporation remains steadfast in its commitment to sustaining and enhancing its record-breaking production levels. With a projected production target ranging between 56-60 million pounds of payable zinc, Titan aims to maintain its competitive edge in the market. The estimated C1 Cash Cost is anticipated to fall within the range of $0.98 and $1.02 per payable pound, while the All-in Sustaining Cost (AISC) is expected to range between $1.04 and $1.10 per payable pound, subject to fluctuations in treatment charges. Beyond zinc production, Titan's exploration endeavors will focus on advancing the Kilbourne graphite trend and exploring other district targets across its extensive portfolio of over 80,000 acres of private mineral rights.

Titan Mining Corporation's forward-looking statements underscore its position on the brink of substantial growth, with anticipated performance enhancements reflected in share prices alongside improvements in the zinc market. The company's guidance on production costs and its emphasis on exploration activities highlight a strategic approach aimed at not only maintaining but also expanding its operations. As Titan progresses with the exploration of the Kilbourne graphite trend and other district targets, it reaffirms its commitment to innovation and diversification, ensuring resilience and adaptability in the face of evolving market dynamics.

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