Titan Mining Corp (TII) Form 6-K — Aug 12, 2026
Titan Mining reported a record Q2 2026: revenue of $25.7 million rose 57% year-over-year and 31% quarter-over-quarter — the highest quarterly revenue since Q4 2024 — while Adjusted EBITDA nearly quadrupled to $9.6 million (up 272% year-over-year) and net income was $5.4 million, or $0.06 per basic share, versus $0.5 million a year ago. The zinc operation beat plan: production of 17.5 million payable pounds was up 13% year-over-year, C1 cash costs fell 15% to $0.88 per pound and AISC fell 9% to $0.96 per pound — both below full-year guidance — while net debt dropped 47% year-over-year to $12.8 million and available liquidity stands at $29.1 million.
Key figures
- Eps
- 0.06
- Revenue
- 25700000
- Guidance
- Reaffirmed: 2026 production of 62-66 million payable zinc lbs, C1 cash costs of $0.93-$1.01/lb, AISC of $1.07-$1.17/lb, and full-year Adjusted EBITDA of $20-$28 million
- Net Income
- 5400000
- Total Debt
- 26095000
- Revenue Yoy
- 57%
- Cash Position
- 13300000
- Aisc
- $0.96 per pound, down 9% quarter-over-quarter and below the $1.07-$1.17 guidance range
- Net Debt
- $12.8 million, down 47% from $24.2 million a year ago
- Zinc Price
- $1.57/lb average provisional; spot zinc near a 4-year high at ~$1.70/lb
- C1 Cash Cost
- $0.88 per pound, down 15% from Q1 and below the $0.93-$1.01 guidance range
- H1 Free Cash Flow
- -$5.3 million
- Zinc Production
- 17.5 million payable lbs, up 13% year-over-year and 23% from Q1 2026
- Zinc Exploration
- 9,100 feet of underground drilling across 19 holes in Q2 2026
- H1 Adjusted EBITDA
- $13.6 million, on track for $20-$28 million full-year guidance
- Adjusted EBITDA q2
- $9.6 million, up 272% year-over-year and 135% quarter-over-quarter
- Net Working Capital
- $17.8 million
- Available Liquidity
- $29.1 million ($13.3 million cash plus $15.8 million undrawn EXIM facility)
- H1 Net Loss Before Tax
- $7.3 million, including a $10.5 million non-cash derivative fair value loss
- Kilbourne Drill Result
- Hole KX26-080 intersected 2.8% Cg over 106.5 feet, including 3.3% Cg over 49.9 feet
- Kilbourne Feasibility
- $5.3 million of the $20.7 million budget incurred as of June 30, 2026; proposed 40,000 tpa facility; construction decision targeted early 2027
- Exim Financing Interest
- expression of interest of up to $120 million under Make More in America program
- Net Income Before Tax q2
- $6.1 million, including a $2.7 million non-cash derivative fair value gain
- Operating Cash Flow Before Working Capital
- $4.9 million, up 156% from Q1 2026
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.