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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:

Stefan Ioannou, Haywood Securities (8/18/15)
"Trevali Mining Corp.'s Q2/15 cash flow per share of CA$0.03 modestly beat expectations. . .the Santander mine's unit on-site operating costs decreased to $44.95/t milled in Q2/15 (vs. $48.88/t in Q1/15), below the company's reiterated 2015 operating cost guidance of $48–51/t. As a result, Santander's average total zinc cash cost decreased to $0.39/lb (payable) net of credits in Q2/15. . .this low cash cost figure benefited from modestly higher throughput, head grades, zinc recovery, and by-product credits. . .with a current cash balance of CA$25M, Trevali appears positioned to fully fund remaining start-up costs at Caribou."

Derek Macpherson, M Partners (8/18/15)
"Trevali Mining Corp. reported Q2/15 financial result, which were roughly in line with our estimates. . .we are maintaining our Buy rating. . .as the company ramps up zinc production, we believe it should trade at a premium to peers because of its unique leverage to a favorable macroeconomic environment for zinc."

Alex Terentiew, Raymond James (8/17/15)
"Trevali Mining Corp. delivered an in-line Q2/15 following operational improvements at Santander, decreasing all-in sustaining cost by 9% quarter over quarter. . .we reiterate our Outperform. . .Caribou should see commercial production declared in Q4/15."

Ian Parkinson, GMP Securities (8/17/15)
"On Friday after market close, Trevali Mining Corp. released Q2/15 financial results that were in line with our and consensus estimates. . .the company's Caribou mine remains on track for commercial production later this year while the Santander mine is expected to meet or slightly exceed 2015 production guidance. We reiterate our Buy rating and $1.70 target price."

Peter Campbell, Mackie Research Capital (8/17/15)
"During Q2/15, Trevali Mining Corp. reported that commissioning of the 3 Ktpd Caribou had begun with processing of low-grade feed and that progress is proceeding according to schedule. . .management reiterated its expectation for declaration of commercial production during Q4/15. With the progress made to date, we believe that this could happen sooner than later."

Joseph Gallucci, Dundee Capital Markets (8/17/15)
"Trevali Mining Corp.'s Q2/15 headline EBITDA was $7.2M, while adjusted EBITDA came in at $7.6M, above our estimate of $4.6M and the Street at $6.4M. . .with another excellent quarter of operating results, the company can comfortably remain focused on ramping up the Caribou mine this year. . .the Caribou start-up has been progressing very well."

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 Carri๓n, 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
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