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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:

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."

Stefan Ioannou, Haywood Securities (4/14/15)
"Trevali Mining Corp.'s production continues to progress well at the company's 100%-owned Santander zinc-lead-silver mine in Peru. . .Caribou mill commissioning start-up remains scheduled for Q2/15, which we anticipate will be followed by ramp-up to full-scale production (3,000 tpd) by year-end 2015. . .timely execution at Santander and Bathurst will be key to maintaining market confidence. . .that said, with zinc production from two mines expected to ramp up to approximately 190 Mlb per annum by 2017, we believe Trevali is poised to become a (the) marquee mid-tier zinc producer in a market facing a significant medium-term supply issue."

Joseph Gallucci, Dundee Capital Markets (4/14/15)
"Trevali Mining Corp. announced production results from Santander in Q1/15. . .beating our estimates for payable zinc (12.5 Mlb vs. our 12.3 Mlb), lead (7.4 Mlb vs. our 6.2 Mlb) and silver (255 Koz vs. our 237 Koz). . .Santander's solid performance provides a great foundation to focus on Caribou, the company's next mine. We believe Trevali's stock is the best vehicle for zinc leverage on the Toronto Stock Exchange. . .we have a Buy, Top Pick rating with a CA$2.00 target on the stock."

Alex Terentiew, Raymond James (4/14/15)
"Trevali Mining Corp. reported solid production results from its Santander mine in Peru, with mill performance improvements continuing into 2015. While the company's next leg of growth at Caribou is only months away from being realized, bringing with it production diversification and for the first time putting Trevali in a positive free cash flow generating position, Santander's continued improvement has given the company a firm foundation. . .Trevali remains one of our top picks among our covered base-metal producers, and we reiterate our Outperform rating. We raised our target price to CA$1.60 (from CA$1.50) on slightly higher cash flow expectations for 2015."

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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