Titan Mining attributes Q3 2026 revenue decline to lower zinc sales
TII•Titan Mining reported a Q3 net loss of $2.8 million, compared with Q2 net income of $5.4 million. Revenue fell 12% sequentially to $22.64 million as reduced zinc sales outweighed higher prices.
1. Quarterly results
Titan Mining reported a Q3 2026 net loss of $2.8 million, compared with net income of $5.4 million in Q2. Adjusted EBITDA fell to $6.17 million from $9.56 million.
2. Production and costs
Revenue declined 12% sequentially to $22.64 million as lower zinc sales outweighed higher zinc prices. Payable zinc production dropped 22%, reflecting maintenance-related delays, lower feed grades and reduced recovery. C1 cash costs rose 28% to $1.13 per payable pound, primarily due to lower production.
