Titan Minerals (ASX:TTM) announced financial results for the half-year ended 30 June 2022.
The Company's main undertaking is the exploration and development of its gold and copper assets in southern Ecuador.
The Company made significant advances on exploration work programs at its Dynasty Project during the half year.
Titan's focus during the period has been to advance exploration activities by gathering further geological information through surface mapping and geochemical sampling at the Copper Ridge Porphyry and Meseta Gold prospects at the Linderos Project.
Titan completed several soil sampling campaigns at the Copper Duke Project during the period over the El Huato.
No exploration activity was completed on the Copper Field Project during the half year.
The Jerusalen Project sits on a 2.5sq km tenement landlocked between its neighbour, Luminex Resources' gold projects.
The loss from continuing operations of the Group for the half-year ended 330 June 2022 amounted to US$825 thousand (30 June 2021: profit of US$1,169 thousand). Discontinuing operations contributed a profit after tax of US$2,458 thousand (2021: loss of US$1,006 thousand).
Following the announcement the company?s share price rose 5.263%.