Trevali Mining Corp.

Trevali Mining Corp. is a zinc-focused base metals development company. In Canada, it owns the Halfmile zinc-lead-silver mine, the Caribou mine and mill, and the Stratmat polymetallic deposit, all located in the Bathurst Mining Camp of northern New Brunswick. The company also has the Santander mine in Peru and the past-producing Ruttan copper-zinc mine in northern Manitoba. Initial trial production from the Halfmile mine was successfully undertaken in 2012 and underground development is ramping up to achieve a planned production rate of approximately 3 Kmtpd to feed planned operations at the company's Caribou Mill Complex in 2013.

Expert Comments:

Alex Terentiew, Raymond James (2/3/16)
"Despite the recent surge in zinc prices, which are up 9% over the past two weeks, Trevali Mining Corp.'s share price hasn't followed suit. In our view, this lag has created an opportunity for investors to buy shares before the company's market value reflects zinc's improving fundamentals and substantially higher cash flow. With Santander already performing well, Caribou ramping up toward a cash flow positive rate, and some debt relief received last quarter, we believe Trevali is poised to benefit from its peer-leading zinc leverage and outperform its base metal peers."

Alex Terentiew, Raymond James (1/22/16)
"Trevali Mining Corp. released its Q4/15 operating results, with Santander outperforming for the second consecutive quarter. Zinc produced at Santander of 13.1 Mlb beat our estimate of 12.6 Mlb due to record quarterly mill throughput of 205 Kt. Commissioning is ongoing at Caribou, with debottlenecking operations largely completed at the end of December, allowing the mill to reach its nameplate capacity of 3,000 tpd. With another strong quarter operationally, and a cash flow boost expected as Caribou more consistently reaches its targets, we are maintaining our Outperform rating and CA$0.90/share target price."

Joseph Gallucci, Dundee Capital Markets (1/21/16)
"Trevali Mining Corp. released strong 2016 production guidance for Santander this morning: 52–55 Mlb payable zinc (vs. our 47 Mlb), 22–25 Mlb payable lead (vs. our 26 Mlb) and 800–1,000 Koz payable silver (vs. our 934 Koz). . .we believe the guidance is impressive, and we are very pleased with how Santander is operating at present. . .on the mining side, Caribou continued to ramp up toward the 2,500 tpd mark, with production of roughly 2,147 tpd in December. . .we have a Buy, Top Pick rating on Trevali."

Alex Terentiew, Raymond James (1/5/16)
"Trevali Mining Corp. has successfully negotiated a 1-year extension on the CA$7.5M August 2016 senior note repayment, which is now due August 2017, and has also issued an additional CA$8.4M in new notes, strengthening its cash position going into 2016. With increased flexibility on its balance sheet and Caribou set to bolster its operating cash flow, we now expect the company to have enough liquidity at spot prices to hold out until Q3/17. Given our expectations that current zinc prices are unsustainable and must ultimately increase, we reiterate our Outperform rating and CA$0.90/share target price."

Stefan Ioannou, Haywood Securities (1/4/16)
"Trevali Mining Corp. has amended its $52.5M senior secured notes debt facility with an additional $8.4M in new notes and has also received a waiver for a $7.5M amortization payment previously scheduled for Aug. 30, 2016, now deferred until the following year. The amendment stands to provide a one- to two-quarter 'financial buffer'/lifeline at/near current spot price (and lead) pricing."

Jeff Woolley, Paradigm Capital (1/4/16)
"Our largest concern with Trevali Mining Corp. has been the limited cash on hand to support ramp-up activities and debt service. However, on Dec. 31, 2015, management finalized an additional CA$8M debt financing and has arranged 12-month repayment holidays with the noteholders and with Glencore (its operations partners)."

More Expert Comments

Experts Following This Company

Alberto Arispe, Gerente General – Kallpa Securities S.A.B.
Peter Campbell, Analyst – Mackie Research Capital
Ricardo Carrión, Mng Dir Corp Finance & Cap Mkts – Kallpa Securities S.A.B.
Chad Ellison, Analysts – Dundee Capital Markets
Joseph Gallucci, Senior Mining Research Analyst – Dundee Capital Markets
Raymond Goldie, Analyst – Salman Partners
Wayne Hewgill, Analyst – Mackie Research Capital
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Stefan Ioannou, Mining Analyst – Haywood Securities
Derek Macpherson, Analyst
David Morgan, Publisher – Silver Investor
Ian Parkinson, Director of Equity Research, Mining – GMP Securities
Philip Richards, Fund Manager – RAB Capital Limited
Alex Terentiew, Mining Analyst – Raymond James
Mark Turner, Analyst – Scotia Capital
Jeff Woolley – Paradigm Capital

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Investing Highlights
One producing zinc-lead-silver mine in Peru and a second mine in Canada coming online in 2015.
All of the mine resources remain open with significant new discoveries.
The only primary zinc producer on the TSX, poised to benefit from forecast zinc shortages.