06:54 AM EDT, 03/20/2025 (MT Newswires) -- Titan Mining ( TIMCF ) on Thursday returned to a profit in the fourth quarter and hit the upper end of its production guidance for the full year.
Net income came in at US$11.4 million, or US$0.09 per share, compared with a loss of US$7 million, or US$0.05 per share. Revenue increased to US$26.3 million from US$10.9 million. The company produced 21.7 million pounds of payable zinc, up from 13.9 million pounds.
Total production for the full year was 59.5 million pounds of payable zinc, hitting the upper end of company guidance. All-in sustaining costs of US$0.94 for the full year was 10% lower than the low end of the 2024 guidance range of US$1.04 to US$1.10.
Titan's share price was down 1.8% to $0.28 on Wednesday.