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Titan Mining

TSX:TI
Snowflake Description

Moderate growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TI
TSX
CA$64M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Titan Mining Corporation, a natural resources company, engages in the acquisition, exploration, and development of mineral properties. The last earnings update was 127 days ago. More info.


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  • Titan Mining has significant price volatility in the past 3 months.
TI Share Price and Events
7 Day Returns
-3.1%
TSX:TI
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
-53%
TSX:TI
-5.9%
CA Metals and Mining
0.7%
CA Market
TI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Titan Mining (TI) -3.1% -35.7% -36.4% -53% - -
CA Metals and Mining -2.1% 1.4% 13.1% -5.9% 8.9% -22%
CA Market 0.3% 2% 13.2% 0.7% 16.6% 5.6%
1 Year Return vs Industry and Market
  • TI underperformed the Metals and Mining industry which returned -5.9% over the past year.
  • TI underperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

TI Value

 Is Titan Mining undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Titan Mining to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Titan Mining.

TSX:TI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:TI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 1.18
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.181 (1 + (1- 26.5%) (10.04%))
1.179
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.179 * 5.96%)
8.98%

Discounted Cash Flow Calculation for TSX:TI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Titan Mining is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:TI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.98%)
2019 -10.32 Analyst x2 -9.47
2020 24.66 Analyst x3 20.76
2021 29.67 Analyst x2 22.93
2022 17.36 Analyst x2 12.31
2023 24.57 Analyst x2 15.99
2024 25.91 Est @ 5.46% 15.47
2025 27.05 Est @ 4.41% 14.82
2026 28.05 Est @ 3.67% 14.10
2027 28.93 Est @ 3.15% 13.35
2028 29.74 Est @ 2.79% 12.59
Present value of next 10 years cash flows $132.85
TSX:TI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $29.74 × (1 + 1.95%) ÷ (8.98% – 1.95%)
$431.34
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $431.34 ÷ (1 + 8.98%)10
$182.61
TSX:TI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $132.85 + $182.61
$315.46
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $315.46 / 101.97
$3.09
TSX:TI Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:TI)
1.333
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $3.09 x 1.333
CA$4.12
Value per share (CAD) From above. CA$4.12
Current discount Discount to share price of CA$0.63
= -1 x (CA$0.63 - CA$4.12) / CA$4.12
84.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Titan Mining is available for.
Intrinsic value
>50%
Share price is CA$0.63 vs Future cash flow value of CA$4.12
Current Discount Checks
For Titan Mining to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Titan Mining's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Titan Mining's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Titan Mining's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Titan Mining's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:TI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.14
TSX:TI Share Price ** TSX (2019-03-19) in CAD CA$0.63
TSX:TI Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.75 $0.47
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.49x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.78x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Titan Mining.

TSX:TI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:TI Share Price ÷ EPS (both in USD)

= 0.47 ÷ -0.14

-3.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Titan Mining is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Titan Mining is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Titan Mining's expected growth come at a high price?
Raw Data
TSX:TI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
48.7%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.7x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Titan Mining, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Titan Mining's assets?
Raw Data
TSX:TI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $0.31
TSX:TI Share Price * TSX (2019-03-19) in CAD CA$0.63
TSX:TI Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.75 $0.47
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.44x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 1.58x
TSX:TI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:TI Share Price ÷ Book Value per Share (both in USD)

= 0.47 ÷ 0.31

1.54x

* Primary Listing of Titan Mining.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Titan Mining is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Titan Mining's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Titan Mining has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TI Future Performance

 How is Titan Mining expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
48.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Titan Mining expected to grow at an attractive rate?
  • Titan Mining's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Titan Mining's earnings growth is expected to exceed the Canada market average.
  • Unable to compare Titan Mining's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:TI Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:TI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 48.7%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:TI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:TI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 109 29 17 2
2022-12-31 98 23 13 2
2021-12-31 119 34 24 3
2020-12-31 94 43 9 4
2019-12-31 11 -8 3
2018-12-31 -1 -16 -15 2
TSX:TI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 -14 -14
2018-06-30 -12 -11
2018-03-31 -12 -11
2017-12-31 -8 -11
2016-12-31 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Titan Mining's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Titan Mining is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:TI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Titan Mining Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:TI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.16 0.16 0.16 1.00
2022-12-31 0.13 0.13 0.13 1.00
2021-12-31 0.24 0.24 0.24 1.00
2020-12-31 0.09 0.09 0.09 1.00
2019-12-31 -0.08 -0.08 -0.08 1.00
2018-12-31 -0.14 -0.14 -0.14 1.00
TSX:TI Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.14
2018-06-30 -0.12
2018-03-31 -0.13
2017-12-31 -0.16
2016-12-31 -0.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Titan Mining will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Titan Mining's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Titan Mining has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TI Past Performance

  How has Titan Mining performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Titan Mining's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Titan Mining does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Titan Mining's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Titan Mining's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Titan Mining's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Titan Mining Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:TI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -13.51 11.06
2018-06-30 -10.60 6.58
2018-03-31 -10.61 5.55
2017-12-31 -11.03 4.80
2016-12-31 -0.07 0.06

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Titan Mining has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Titan Mining has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Titan Mining improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Titan Mining's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Titan Mining has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TI Health

 How is Titan Mining's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Titan Mining's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Titan Mining's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Titan Mining's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Titan Mining's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Titan Mining Company Filings, last reported 5 months ago.

TSX:TI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 31.37 4.84 0.61
2018-06-30 36.78 0.00 4.51
2018-03-31 39.77 1.03 11.57
2017-12-31 41.48 1.03 25.17
2016-12-31 10.23 5.32 8.16
  • Titan Mining's level of debt (15.4%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Titan Mining's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Titan Mining has less than a year of cash runway based on current free cash flow.
  • Titan Mining has less than a year of cash runway if free cash flow continues to grow at historical rates of 102.7% each year.
X
Financial health checks
We assess Titan Mining's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Titan Mining has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TI Dividends

 What is Titan Mining's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Titan Mining dividends.
If you bought CA$2,000 of Titan Mining shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Titan Mining's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Titan Mining's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:TI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:TI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2018-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Titan Mining has not reported any payouts.
  • Unable to verify if Titan Mining's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Titan Mining's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Titan Mining has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Titan Mining's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Titan Mining afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Titan Mining has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TI Management

 What is the CEO of Titan Mining's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Don Taylor
TENURE AS CEO 0.5 years
CEO Bio

Mr. Donald Richard Taylor, also known as Don, P.G., has been Chief Executive Officer of Titan Mining Corporation since September 17, 2018 and its Director since June 21, 2018. He has been Non-Executive Director of Tethyan Resources Plc since January 2019. He has been Member of Advisory Board at Aston Bay Holdings Ltd. since August 2018. He serves as the Chief Executive Officer and President of Jack's Fork Exploration Inc. Mr. Taylor has been the Chief Operating Officer of Arizona Mining Inc. since May 7, 2012 and served as its President and Head of Exploration since May 7, 2012. He served as Vice President of Exploration at Arizona Mining Inc. from June 1, 2010 to May 7, 2012. Mr. Taylor has more than 30 years' experience in the management and implementation of domestic and international exploration and mining, project evaluations and development, ore reserve estimation/evaluation and mining business development. He served as Manager of USA Exploration for BHP Minerals. He was instrumental in the discovery and development of the Brewer Gold Mine in South Carolina as well as the RCWF Lead/Zinc Orebodies in Missouri. He served as Vice President of Exploration at Wildcat Silver Corp., since June 1, 2010. From 1979 to 1990 Mr. Taylor was engaged as a mine geologist for a variety of projects in the U.S. He served as Vice President of Exploration at Doe Run Resources Corp., since October 2005. He has been involved in base and precious metal projects from exploration to mine development for large and small cap companies, including BHP Minerals, Westmont Mining Company Bear Creek Mining, American Copper and Nickel. He served as Vice President of Exploration at The Doe Run Company from August 1999 to June 2010. He has been a Director of Estrella Gold Corporation since June 22, 2010, Star Mountain Resources, Inc. since June 28, 2016 and Arizona Mining Inc. since February 12, 2015. He served as a Director of Alianza Holdings Ltd., since June 22, 2010. He is a Licensed Professional Geologist and a qualified person as defined by National Instrument 43-101, a national instrument for the Standards of Disclosure for Mineral Projects within Canada. He is the recipient of the Prospectors and Developers Association of Canada’s 2018 Thayer Lindsley Award for the 2014 discovery of the Taylor lead-zinc-silver deposit. Mr. Taylor holds a Bachelor of Science degree in Geology from Southeast Missouri State University in 1979 and a Master of Science degree in Geology from University of Missouri in 1983. He is a Fellow of the Society of Economic Geologists and a Member of the geological Society of America.

CEO Compensation
  • Insufficient data for Don to compare compensation growth.
  • Insufficient data for Don to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team Tenure

Average tenure of the Titan Mining management team in years:

1
Average Tenure
  • The average tenure for the Titan Mining management team is less than 2 years, this suggests a new team.
Management Team

Richard Warke

TITLE
Executive Chairman
COMPENSATION
$1M
AGE
58

Purni Parikh

TITLE
President & Director
COMPENSATION
$165K
AGE
48
TENURE
0.5 yrs

Don Taylor

TITLE
CEO & Director
TENURE
0.5 yrs

Michael McClelland

TITLE
Chief Financial Officer
TENURE
1 yrs

Kevin Torpy

TITLE
Vice President of Operations
TENURE
0.4 yrs

Jacqueline Allison

TITLE
Vice President of Investor Relations & Strategic Analysis
TENURE
1.2 yrs

Scott Burkett

TITLE
Vice President of Exploration
TENURE
1 yrs

Susy Horna

TITLE
Corporate Secretary
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the Titan Mining board of directors in years:

1.2
Average Tenure
62
Average Age
  • The average tenure for the Titan Mining board of directors is less than 3 years, this suggests a new board.
Board of Directors

Richard Warke

TITLE
Executive Chairman
COMPENSATION
$1M
AGE
58

Purni Parikh

TITLE
President & Director
COMPENSATION
$165K
AGE
48
TENURE
2.2 yrs

Don Taylor

TITLE
CEO & Director
TENURE
0.8 yrs

Len Boggio

TITLE
Lead Independent Director
COMPENSATION
$164K
AGE
63

Bill Mulrow

TITLE
Director
AGE
62
TENURE
1.2 yrs

George Pataki

TITLE
Director
COMPENSATION
$194K
AGE
73
TENURE
1.8 yrs

Greg Clark

TITLE
Director
COMPENSATION
$157K
AGE
48
TENURE
2.2 yrs

Jim Gowans

TITLE
Director
AGE
66
TENURE
1.2 yrs

Bob Wares

TITLE
Director
AGE
60
TENURE
0.8 yrs

John Boehner

TITLE
Director
AGE
69
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Titan Mining insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
15. Mar 19 Buy Richard Warke Individual 15. Mar 19 15. Mar 19 10,000 CA$0.63 CA$6,230
04. Mar 19 Buy Richard Warke Individual 04. Mar 19 04. Mar 19 10,000 CA$0.79 CA$7,782
31. Jan 19 Buy Richard Warke Individual 31. Jan 19 31. Jan 19 500,000 CA$1.00 CA$500,000
04. Jan 19 Buy Richard Warke Individual 04. Jan 19 04. Jan 19 45,000 CA$1.05 CA$46,460
01. Jan 19 Buy Richard Warke Individual 28. Dec 18 28. Dec 18 5,000 CA$1.00 CA$4,985
28. Dec 18 Buy Susy Horna Individual 27. Dec 18 27. Dec 18 5,500 CA$0.94 CA$5,170
27. Dec 18 Buy Richard Warke Individual 07. Dec 18 27. Dec 18 265,000 CA$0.98 CA$259,014
26. Dec 18 Buy Richard Warke Individual 20. Dec 18 21. Dec 18 21,000 CA$1.00 CA$20,640
19. Dec 18 Buy Richard Warke Individual 17. Dec 18 18. Dec 18 43,800 CA$1.06 CA$44,487
13. Dec 18 Buy Richard Warke Individual 12. Dec 18 12. Dec 18 5,000 CA$1.00 CA$5,000
11. Dec 18 Buy Richard Warke Individual 10. Dec 18 10. Dec 18 10,000 CA$0.96 CA$9,600
10. Dec 18 Buy Robert Wares Individual 05. Dec 18 05. Dec 18 250,000 CA$1.00 CA$250,000
05. Dec 18 Buy Richard Warke Individual 05. Dec 18 05. Dec 18 188,100 CA$1.00 CA$188,100
29. Nov 18 Buy Donald Taylor Individual 29. Nov 18 29. Nov 18 100,000 CA$1.11 CA$110,733
28. Nov 18 Buy Richard Warke Individual 22. Nov 18 28. Nov 18 647,000 CA$1.18 CA$712,901
23. Nov 18 Buy Richard Warke Individual 21. Nov 18 21. Nov 18 10,000 CA$1.19 CA$11,598
15. Nov 18 Buy Richard Warke Individual 15. Nov 18 15. Nov 18 200,000 CA$1.20 CA$240,000
10. Oct 18 Buy Richard Warke Individual 10. Oct 18 10. Oct 18 11,400 CA$1.17 CA$13,333
09. Oct 18 Buy Richard Warke Individual 05. Oct 18 05. Oct 18 10,000 CA$1.22 CA$12,200
17. Sep 18 Buy Richard Warke Individual 17. Sep 18 17. Sep 18 15,000 CA$1.30 CA$19,200
14. Sep 18 Buy Richard Warke Individual 13. Sep 18 13. Sep 18 184,900 CA$1.20 CA$221,876
13. Sep 18 Buy Purni Parikh Individual 12. Sep 18 12. Sep 18 198,800 CA$1.25 CA$248,460
11. Sep 18 Buy Purni Parikh Individual 10. Sep 18 11. Sep 18 253,400 CA$1.27 CA$317,415
30. Aug 18 Buy Richard Warke Individual 29. Aug 18 29. Aug 18 197,500 CA$1.30 CA$247,173
24. Aug 18 Buy Jerrold Annett Individual 24. Aug 18 24. Aug 18 250,000 CA$1.25 CA$312,500
24. Aug 18 Buy Richard Warke Individual 24. Aug 18 24. Aug 18 520,000 CA$1.27 CA$650,278
21. Aug 18 Buy Richard Warke Individual 20. Aug 18 20. Aug 18 28,400 CA$1.28 CA$36,241
24. Jul 18 Buy Richard Warke Individual 24. Jul 18 24. Jul 18 908,433 CA$1.30 CA$1,180,697
16. Jul 18 Buy Donald Taylor Individual 16. Jul 18 16. Jul 18 50,000 CA$1.39 CA$69,355
12. Jul 18 Buy Naomi Johnson Individual 10. Jul 18 11. Jul 18 13,800 CA$1.40 CA$19,321
12. Jul 18 Buy Richard Warke Individual 12. Jul 18 12. Jul 18 30,000 CA$1.42 CA$42,585
10. Jul 18 Buy Richard Warke Individual 09. Jul 18 09. Jul 18 200,600 CA$1.44 CA$283,361
06. Jul 18 Buy Naomi Johnson Individual 05. Jul 18 06. Jul 18 7,700 CA$1.39 CA$10,737
29. Jun 18 Buy Jacqueline Allison Individual 29. Jun 18 29. Jun 18 23,000 CA$1.41 CA$32,430
28. Jun 18 Buy Jacqueline Allison Individual 28. Jun 18 28. Jun 18 28,000 CA$1.42 CA$39,760
28. Jun 18 Buy Richard Warke Individual 27. Jun 18 28. Jun 18 84,300 CA$1.42 CA$117,744
26. Jun 18 Buy Richard Warke Individual 26. Jun 18 26. Jun 18 60,200 CA$1.43 CA$85,937
22. Jun 18 Buy Richard Warke Individual 22. Jun 18 22. Jun 18 13,600 CA$1.40 CA$19,040
15. Jun 18 Buy Richard Warke Individual 15. Jun 18 15. Jun 18 11,900 CA$1.14 CA$13,459
14. Jun 18 Buy Richard Warke Individual 13. Jun 18 14. Jun 18 23,100 CA$1.14 CA$26,260
06. Jun 18 Buy Richard Warke Individual 06. Jun 18 06. Jun 18 4,900 CA$1.17 CA$5,733
05. Jun 18 Buy Richard Warke Individual 05. Jun 18 05. Jun 18 20,100 CA$1.17 CA$23,517
04. Jun 18 Buy Richard Warke Individual 04. Jun 18 04. Jun 18 30,000 CA$1.17 CA$35,100
01. Jun 18 Buy Michael McClelland Individual 01. Jun 18 01. Jun 18 5,000 CA$1.20 CA$6,000
24. May 18 Buy Jacqueline Allison Individual 22. May 18 22. May 18 3,400 CA$1.18 CA$4,012
24. May 18 Buy Richard Warke Individual 23. May 18 23. May 18 100 CA$1.17 CA$117
19. Apr 18 Buy Richard Warke Individual 10. Apr 18 10. Apr 18 80,000 CA$1.40 CA$110,390
11. Apr 18 Buy Jerrold Annett Individual 10. Apr 18 10. Apr 18 36,200 CA$1.35 CA$48,870
X
Management checks
We assess Titan Mining's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Titan Mining has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TI News

Simply Wall St News

Volatility 101: Should Titan Mining (TSE:TI) Shares Have Dropped 43%?

For example, the Titan Mining Corporation (TSE:TI) share price is down 43% in the last year. … Titan Mining may have better days ahead, of course; we've only looked at a one year period. … But with the share price diving 43% in the last year, it's probably fair to say that some shareholders no longer believe the company will succeed.

Simply Wall St -

Did Titan Mining Corporation (TSE:TI) Insiders Buy Up More Shares?

It is perfectly legal for company insiders, including board members, to buy and sell stock in a company. … The Last 12 Months Of Insider Transactions At Titan Mining. … It's very possible they regret the purchase, but it's more likely they are bullish about the company

Simply Wall St -

Should You Be Concerned About Titan Mining Corporation's (TSE:TI) Investors?

In this article, I will take a quick look at Titan Mining Corporation’s (TSE:TI) recent ownership structure – an unconventional investing subject, but an important one. … The impact of a company's ownership structure affects both its short- and long-term performance. … TSX:TI Ownership Summary August 22nd 18

Simply Wall St -

An Intrinsic Calculation For Titan Mining Corporation (TSE:TI) Shows It's 37.53% Undervalued

by taking the foreast future cash flows of the company and discounting them back to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

TI Company Info

Description

Titan Mining Corporation, a natural resources company, engages in the acquisition, exploration, and development of mineral properties. The company explores for zinc ores and base metals. Its principal asset is the Empire State Mine project that is located in Northern New York State, the United States. The company holds interests in approximately 81,000 acres of mineral interests surrounding the Empire State Mine project. Titan Mining Corporation was incorporated in 2012 and is headquartered in Vancouver, Canada.

Details
Name: Titan Mining Corporation
TI
Exchange: TSX
Founded: 2012
CA$64,241,576
101,970,757
Website: http://www.titanminingcorp.com
Address: Titan Mining Corporation
999 Canada Place,
Suite 555,
Vancouver,
British Columbia, V6C 3E1,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX TI Common Shares The Toronto Stock Exchange CA CAD 19. Oct 2017
OTCPK TNMC.F Common Shares Pink Sheets LLC US USD 19. Oct 2017
DB 3T0 Common Shares Deutsche Boerse AG DE EUR 19. Oct 2017
Number of employees
Current staff
Staff numbers
75
Titan Mining employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 01:09
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/03/13
Last earnings filing: 2018/11/14
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.