Core Viewpoint - Titan Mining Corporation reported record zinc production for 2025 and provided production, cost, and capital expenditure guidance for 2026, emphasizing a focus on high-quality ore bodies and sustainable value creation [1][4]. Production Highlights - The company achieved a record zinc production of 64.2 million payable pounds in 2025, an increase of 8% from 2024, and met its full-year production guidance [2][10]. - In Q4 2025, the output was 18.7 million pounds, reflecting a 28% sequential increase [10]. - The production guidance for 2026 is set between 62 to 66 million payable pounds, with a focus on development and access to higher-quality ore [10][13]. Cost and Capital Expenditure Guidance - The estimated C1 Cash Cost for 2026 is between $0.93 and $1.01 per payable pound, while the All-In Sustaining Cost (AISC) is projected to be between $1.07 and $1.17 per payable pound [13][14]. - Sustaining capital expenditures are expected to be between $8.5 million and $8.9 million, with exploration capital expenditures estimated at $3.5 million to $3.9 million [14]. Operational Review - Mining operations in Q4 2025 focused on high-grade areas, contributing to improved mill feed grades and achieving full-year production guidance [7]. - The N2D zone mining was temporarily suspended to prioritize higher-grade areas, with plans for reactivation in 2026 [8]. - New mobile equipment was introduced to enhance underground development and production capacity, contributing to stronger performance in Q4 [8]. Graphite Production Update - The company commenced graphite production at the Kilbourne facility, marking the first U.S. natural flake graphite processing plant in over 70 years [11][12]. - The current operating capacity of the facility is approximately 1,200 tonnes per year, with potential to ramp up to 2,500 tonnes per year [12].