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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:

Derek Macpherson, M Partners (6/25/15)
"Trevali Mining Corp. recently completed a CA$30.6M equity financing (30M shares at CA$1.02 per share). . .we view the financing positively, as it provides the company financial flexibility during commissioning and its potential appears to be weighing down Trevali's share price, offsetting the good news of commissioning at Caribou. . .on May 20, 2015, Trevali announced an updated resource estimate for its Stratmat deposit located in the Bathurst mining camp in New Brunswick. Total tonnes increased by 29%, and the updated resource is now 66% in the higher-confidence Indicated category (was 100% Inferred). . .we are maintaining our Buy rating."

Alex Terentiew, Raymond James (6/16/15)
"We have updated our estimates following the closing of Trevali Mining Corp.'s CA$30.6M equity financing last week; our Outperform rating and CA$1.60 target price are maintained. We continue to believe the company is on the verge of realizing positive free cash flow later this year as its new Caribou mine ramps up, a significant milestone for this growing zinc focused miner."

Joseph Gallucci, Dundee Capital Markets (6/16/15)
"Trevali Mining Corp. announced the close of its previously announced $30.6M bought-deal financing. . .the company intends to use the proceeds from the financing to accelerate ramp-up and optimization initiatives at the Caribou zinc mine in New Brunswick, as well as working capital and general corporate purposes. . .Trevali is the best vehicle for zinc leverage on the TSX. With Santander performing very well and Caribou commissioning underway in New Brunswick, the company should have two operating zinc mines on line by the time positive zinc supply-and-demand fundamentals take hold, which we estimate to occur in H2/15."

Ian Parkinson, GMP Securities (6/12/15)
"Trevali Mining Corp. intends to use the net proceeds from the CA$30.6M equity financing to pay expenses relating to the restart of the Caribou mine and mill and for general working capital purposes. The financing will give the company much more flexibility during the Caribou mine ramp-up in production, for which first concentrate shipments are not planned until late Q2/15 or early Q3/15. The company intends to use a portion of the proceeds. . .to hire a specialist-based mill training team to fast-track and de-risk commissioning and optimize production at Caribou over an 8–12 month period."

Mark Turner, Scotia Capital (6/11/15)
"Trevali Mining Corp. has closed its previously announced CA$30.6M bought-deal equity financing. . .the equity raise adds significant comfort that the balance sheet is well capitalized and positioned for the ramp-up of the Caribou operation now underway. . .as well as providing an additional liquidity buffer, the construction and commissioning of the copper circuit and paste backfill plant can likely now be accelerated. . .with this equity raise, from a debt-to-capitalization perspective, the company maintains one of the strongest balance sheets in our producer coverage universe."

Mark Turner, Scotia Capital (6/11/15)
"Trevali Mining Corp. has closed its previously announced $30.6M bought deal equity financing. . .the equity raise adds significant comfort that the balance sheet is well capitalized and positioned for the ramp-up of the Caribou operation now underway."

More Expert Comments

Experts Commenting on This Company

Barry Allan, Vice Chair of Mining Group, and Senior Mining Analyst – Mackie Research Capital
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.
Chris Chang, Equity Research Analyst – Laurentian Bank Securities
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
Stefan Ioannou, Mining Analyst – Haywood Securities
Derek Macpherson, Analyst – M Partners
Jason Mayer, Lead Portfolio Manager – Sprott Asset Management
David Morgan, Publisher – Silver Investor
Bill Newman, Senior Analyst, Energy – Mackie Research Capital
Björn Paffrath, Director – Stabilitas-Fonds
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.
catalyst Calendar
Q1
2015
Q2
2015
Q3
2015
Ramp up Caribou Mine production
Trevali Mining Corp. Content