TV:TSX
TV:BVL

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 (4/24/15)
"Trevali Mining Corp. provided an update on positive initial results from the first two phases of paste backfill test work at the company's 100%-owned Caribou polymetallic project. . .building on Caribou upside potential recently illustrated by a 'proof of concept' 200m step-out drill hole, which returned 50.90m massive sulfides grading 5.08% zinc, 1.76% lead, 0.37% copper, 59.66 g/t silver, and 1.63 g/t gold. . .implementation of paste backfill technology. . .would result in the additional recovery of 717 kt (54%) to 1.33 Mt (100%) mineralized material. . .meaningfully extending the mine's current 6.3-year life (by 12–22%)."

Derek Macpherson, M Partners (4/24/15)
"Trevali Mining Corp.'s preliminary economic assessment in May 2013 recommended that the addition of a paste backfill plant was likely to optimize the mineable resource. Yesterday, the company reported results of an updated paste backfill study suggesting it would be appropriate. . .an additional 0.717 to 1.33 Mt could be mined from the current resource through the addition of paste backfill, which would extend the mine life. . .costs would decline from $13.50/t to $8.50/t. . .including contingency, the paste backfill system is expected to cost $9-12M. . .the economic benefits suggested above make it very likely that Trevali uses paste backfill at Caribou."

Wayne Hewgill, Mackie Research Capital (4/20/15)
"Trevali Mining Corp. announced the discovery of massive sulphides down-plunge of the current resource on its 100%-owned Caribou project. . .highlights from the 200m stepout hole returned 50.9m massive sulphide grading 5.08% Zn, 1.76% Pb, 0.37% Cu, 59 g/t Ag and 1.63 g/t Au starting at a vertical depth of 550m."

Peter Campbell, Mackie Research Capital (4/16/15)
"Trevali Mining Corp. has released drill results today for a 50.9m intersection grading 5.08% Zn, 1.76% Pb, 0.37% Cu, 59.66 g/t Ag and 1.63 g/t Au at its Caribou mine. . .this is a significant intersection that lies approximately 200m outside of the currently defined Measured and Indicated resource and was intersected at a vertical depth of approximately 550m depth. . .while this is only one hole, this appears to be very positive news that could lead to a significant resource expansion at Caribou."

Derek Macpherson, M Partners (4/15/15)
"Trevali Mining Corp. reported Q1/15 production results that were modestly ahead of our estimates, suggesting to us that operations have reached steady state. . .overall, we view the quarter positively as it should provide investors additional confidence in the company's ability to bring Caribou into production. . .we believe that the better-than-expected recoveries seen in Q1/15 are likely to persist."

Mark Turner, Scotia Capital (4/14/15)
"Q1/15 payable zinc production of 12.5 Mlb from Trevali Mining Corp.'s Santander was 3% greater than our estimate, lead of 7.4 Mlb was 27% greater, and silver of 254.8 Koz was 10% greater. . .owing to better-than-expected recovery rates for all three metals, which achieved all-time highs and remain above design, as well as higher lead and silver grades than we had assumed. . .focus for the stock and company remains on the Caribou mine and mill re-start, which is on schedule for a mid-Q2/15 start to commissioning. We continue to model first concentrate production in late Q2/15 with commercial production declared at the start of 2016."

More Comments

Experts Commenting on This Company


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