Titan sells Zaruma mine to focus on Dynasty gold project Mining share clipboard Titan Minerals has sold the Zaruma mine and Portovelo process plant in Ecuador to Pelorus Minerals for a tidy US$15 million plus a 2% net smelter return royalty on future copper production. The sale will allow Titan to resolve the balance sheet issues it inherited after it acquired Core Gold Inc. in 2020. Titan Minerals (ASX:TTM) also walks away with a strong cash position with an initial US$3.5 million payment due now and another US$2 million due on the 31 st of August. st of December, plus a further US$2.5 million on the 1