Capacity to Drive
Cash Flow Growth
Titan Mining Corporation’s primary asset is the Empire State Mine, a fully-permitted zinc mine located near the town of Gouverneur in northern New York State. A preliminary economic assessment (PEA) on the Empire State Mine was completed in 2017, and mining operations were restarted in January 2018.
Over more than 100 years of operating history, the Empire State Mine has produced an aggregate 44 million milled tons at an average mill head grade of 9.4% zinc (equivalent to approximately four million tons of zinc metal). The Empire State Mine has current measured and indicated mineral resources of 2,158,000 tons with an average grade of 13.29% zinc, containing approximately 574 million pounds of zinc metal, and inferred mineral resources of 2,276,000 tons with an average grade of 13.37% zinc, containing approximately 609 million pounds of zinc metal. Based on the mineral resource estimate and the assumptions in the PEA, the Empire State Mine is projected to have a life-of-mine average mill feed grade of 9.2% zinc.