Vancouver-based Titan Mining of Augusta Group has entered a fixed zinc pricing arrangement for six months from July to December at $1.35/lb of zinc.
The company announced the pricing agreement with Glencore plc’s subsidiary for approximately 50pc of the company’s forecasted zinc production of H2. The company’s payable zinc guidance in H2 was declared at 26mn lbs, according to their July press release.
In Q1, zinc production was reported at 11,456mt, 14pc higher than the prior year. Sales of payable zinc were 11.9mn lbs, 15pc above last year’s levels.
Titan Mining is an Augusta Group company that produces zinc concentrate at its 100pc-owned Empire State Mine located in New York state.