08:05 AM EST, 02/19/2025 (MT Newswires) -- Titan Mining ( TIMCF ) said Wednesday that it expects production to increase this year as it boosts output at the Empire State mine in New York state.
Titan set a 2025 production guidance of 75 million-81 million of zinc recoverable pounds or 64 million-69 million zinc payable pounds, 15% higher than in 2024.
The company said it estimates additional production of 12 million zinc payable pounds per year after executing growth plans at the mine's N2D zone.
Titan said it has secured equipment for the expansion, with mobilization planned by the end of the second quarter. N2D is expected to contribute to production in the second half.
"N2D is a fully developed mining area that will add significant incremental production to the #4 mine for several years," CEO Don Taylor said. "Also, zinc miners in 2025 find themselves in a good position with metal stocks already low and declining, lower concentrate treatment charges predicted and the possibility for much higher zinc prices."
Titan's share price fell 3.7% on Tuesday to $0.26 on the TSX.