Titan Mining’s 64.3M-lb Zinc Output Drives 16% Revenue Growth; Kilbourne Graphite PEA Shows $513M NPV
Titan achieved record zinc production of 64.3 million payable pounds in 2025, up 8% year-over-year, generating $74.3 million in revenue (16% growth) with C1 cash costs at $0.92/lb. Kilbourne Graphite Project demo plant commissioned, with PEA showing $513M NPV (7%), 37% IRR and 2.7-year payback, supported by $120M EXIM financing.
1. Record Zinc Production and Financials
Titan delivered record zinc output of 64.3 million payable pounds in 2025, an 8% year-over-year increase, achieving Q4 production guidance. Revenue reached $74.3 million, up 16% from prior year, while C1 cash costs averaged $0.92 per pound and operating cash flow totaled $12.6 million.
2. Kilbourne Graphite Project Progress
The Kilbourne Graphite Project advanced with commissioning of a demonstration plant that began producing graphite concentrate in Q1 2026. A Preliminary Economic Assessment indicated robust economics including an after-tax NPV (7%) of $513 million, IRR of 37%, and a 2.7-year payback period.
3. EXIM Financing and Balance Sheet Strength
Titan concluded a $15.8 million EXIM credit agreement for Empire State Mines expansion and secured up to $120 million in additional EXIM financing for Kilbourne construction. Year-end cash balance of $17.5 million, up 72% from 2024, and full repayment of the National Bank of Canada facility strengthened the balance sheet.
4. Strategic Outlook
With government support and ongoing feasibility studies for a 40,000 tpa graphite facility, Titan aims to establish the first domestic end-to-end flake graphite supply chain in over seventy years while sustaining disciplined growth and cash flow from zinc operations.