Trevali Mining Corporation

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Trevali is a global, base metals company with four mines: the wholly-owned Santander mine in Peru, the wholly-owned Caribou mine in the Bathurst Mining Camp of northern New Brunswick, the 90% owned Rosh Pinah mine in Namibia and the 90% owned Perkoa mine in Burkina Faso.

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Trevali Mining Corporation

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Trevali is a global, base metals company with four mines: the wholly-owned Santander mine in Peru, the wholly-owned C......

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2 days ago

8020 Admin posted a press release Trevali Reports 2019 Third Quarter Results; Another Record of Quarterly Zinc Production, Confirms Guidance and Outlines Future Plans in TREVALI MINING CORPORATION

VANCOUVER, British Columbia, Nov. 05, 2019 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) today released financial and operating results for the three and nine months ended September 30, 2019. A strong focus on operational improvements delivered a second consecutive record of quarterly zinc production at 106.8 million pounds and further cash cost and all-in-sustaining cost reductions over the prior quarter, firmly positioning Trevali to meet, or potentially exceed 2019 production targets. All financial figures are in U.S. dollars.


FINANCIAL AND OPERATIONAL HIGHLIGHTS FOR THE THIRD QUARTER
(Compared to second quarter 2019, unless otherwise noted)



  • Excellent safety performance with a 71% reduction in Total Recordable Injury Frequency year to date compared to the same period of the prior year.

  • T90 business improvement program officially launched. Targeting $50 million of annual sustainable efficiencies and reduction in AISC1 to $0.90/lb by the beginning of 2022. $30 million has been identified as of September 30, 2019.

  • Second consecutive quarter of record zinc production with 106.8 million payable pounds at a C1 Cash Cost1 of $0.84/lb and an AISC1 of $0.96/lb and all operations performing well.

  • 2019 annual production and cost guidance confirmed. Potential for annual production to exceed the top end of the range and AISC1 trending to the middle of the range despite higher smelting and refining charges announced earlier this year as part of the annual benchmark update.

  • Rosh Pinah RP2.0 feasibility study on track with initial investment decision by the end of Q1 2020. Trade-off studies narrowing down on optimized configuration for mining, processing and infrastructure. Engaged AMC Consultants, Knight Piesold, and DRA Global on the study.

  • Exploration spend increased on positive results year to date from a minimum of $8.4 million to $11.7 million, with $7.6 million spent and 28,000 metres drilled year to date. Drilling of 18,000 metres planned for Q4 2019 to identify new mineral resources within trucking distance of existing operations.

  • Adjusted EBITDA1 of $22.5 million during Q3 2019 underpinned by sales volumes of 111.1 million pounds of zinc payable and reduction of 7.6 million pounds of inventory.

  • Robust Q3 2019 and year to date cash flow with operating cash flows before working capital changes of $8.8 million and $43.9 million, respectively.


Ricus Grimbeek, Trevali’s President and CEO commented, “Production is up and costs are down quarter over quarter. We had our second consecutive record of quarterly zinc production and we are moving our operations down the cost curve. We are in a great position to reconfirm our annual guidance with potential to exceed on production. More importantly we have line of sight over the long term which is going to be transformative for Trevali.


A major part of that is our newly launched T90 program which targets $50 million in pre-tax annual sustainable efficiencies and reduces our AISC1 down to $0.90 per pound by the beginning of 2022. We will accomplish this through operational improvements, standardization, and the deployment of technology. This plan will give us the platform to scale and additional improvements beyond T90 are undoubtedly in front of us as it opens the door to the reduction in cut off grades and extended mine lives at our operations. I’d also like to thank all our employees and contractors for an excellent quarter.”


This news release should be read in conjunction with Trevali’s quarterly consolidated financial statements and management’s discussion and analysis for the three months ended September 30, 2019, which is available on Trevali’s website and on SEDAR. Certain financial information is reported herein using non-IFRS measures. See Non-IFRS Financial Performance Measures below and in Trevali’s accompanying Q3-2019 Management’s Discussion and Analysis.


1 See “Use of Non-IFRS Financial Performance Measures”.
(in United States dollars, tabular amounts in thousands except where noted)


Q3 2019 Results Conference Call


The Company will host a conference call and presentation webcast at 01:00PM Eastern Time on Wednesday, November 6, 2019 to review the operating and financial results. Participants are advised to dial in five minutes prior to the scheduled start time of the call. A presentation will be made available on the Company’s website prior to the conference call.


Conference call dial-in details:
Date: Wednesday, November 6, 2019 at 01:00PM Eastern Time
Toll-free (North America): 1 (877) 291-4570
International: +1 (647) 788-4919
Webcast: http://www.gowebcasting.com/10255


Read more here: https://www.quotemedia.com/portal/quote?qm_symbol=TV%3ACA&qmodStoryID=5286171399727291 

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8020 Admin

20 days ago

8020 Admin posted a press release Trevali to Release Third Quarter Results on November 5, 2019 in TREVALI MINING CORPORATION


VANCOUVER, British Columbia, Oct. 18, 2019 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) announces that the operating and financial results for the third quarter ended September 30, 2019, will be released on Tuesday, November 5, 2019 after the Toronto Stock Exchange market close.


Q3-2019 Results Conference Call


The Company will host a conference call and presentation webcast at 01:00PM Eastern Time on Wednesday, November 6, 2019 to review the operating and financial results. Participants are advised to dial in five minutes prior to the scheduled start time of the call. A presentation will be made available on the Company’s website prior to the conference call.


Conference call dial-in details:
Date: Wednesday, November 6, 2019 at 01:00PM Eastern Time
Toll-free (North America): 1 (877) 291-4570
International: +1 (647) 788-4919
Webcast: http://www.gowebcasting.com/10255


About Trevali Mining Corporation


Trevali is a global base-metals mining company with four mines: the 90% owned Perkoa Mine in Burkina Faso, the 90% owned Rosh Pinah Mine in Namibia, the wholly-owned Caribou Mine in the Bathurst Mining Camp of northern New Brunswick in Canada, and the wholly-owned Santander Mine in Peru.


The shares of Trevali are listed on the TSX (symbol TV), the OTCQX (symbol TREVF), the Lima Stock Exchange (symbol TV), and the Frankfurt Exchange (symbol 4TI). For further details on Trevali, readers are referred to the Company’s website (www.trevali.com) and to Canadian regulatory filings on SEDAR at www.sedar.com.


Investor Relations Contact:
Brendan Creaney – Vice President, Investor Relations
Email: bcreaney@trevali.com
Phone: +1 (604) 638-5623


Source: Trevali Mining Corporation


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Trevali Mining Corporation

publicPublic Group

Trevali is a global, base metals company with four mines: the wholly-owned Santander mine in Peru, the wholly-owned Caribou mine in the Bathurst Mining Camp of northern New Brunswick, the 90% owned Rosh Pinah mine in Namibia and the 90% owned Perkoa mine in Burkina Faso.

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Corporate Profile
Group Admins:
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Trevali Mining Corporation

publicPublicGroup

Trevali is a global, base metals company with four mines: the wholly-owned Santander mine in Peru, the wholly-owned C......

people3 Members       (0)

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8020 Admin

2 days ago

8020 Admin posted a press release Trevali Reports 2019 Third Quarter Results; Another Record of Quarterly Zinc Production, Confirms Guidance and Outlines Future Plans in TREVALI MINING CORPORATION

VANCOUVER, British Columbia, Nov. 05, 2019 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) today released financial and operating results for the three and nine months ended September 30, 2019. A strong focus on operational improvements delivered a second consecutive record of quarterly zinc production at 106.8 million pounds and further cash cost and all-in-sustaining cost reductions over the prior quarter, firmly positioning Trevali to meet, or potentially exceed 2019 production targets. All financial figures are in U.S. dollars.


FINANCIAL AND OPERATIONAL HIGHLIGHTS FOR THE THIRD QUARTER
(Compared to second quarter 2019, unless otherwise noted)



  • Excellent safety performance with a 71% reduction in Total Recordable Injury Frequency year to date compared to the same period of the prior year.

  • T90 business improvement program officially launched. Targeting $50 million of annual sustainable efficiencies and reduction in AISC1 to $0.90/lb by the beginning of 2022. $30 million has been identified as of September 30, 2019.

  • Second consecutive quarter of record zinc production with 106.8 million payable pounds at a C1 Cash Cost1 of $0.84/lb and an AISC1 of $0.96/lb and all operations performing well.

  • 2019 annual production and cost guidance confirmed. Potential for annual production to exceed the top end of the range and AISC1 trending to the middle of the range despite higher smelting and refining charges announced earlier this year as part of the annual benchmark update.

  • Rosh Pinah RP2.0 feasibility study on track with initial investment decision by the end of Q1 2020. Trade-off studies narrowing down on optimized configuration for mining, processing and infrastructure. Engaged AMC Consultants, Knight Piesold, and DRA Global on the study.

  • Exploration spend increased on positive results year to date from a minimum of $8.4 million to $11.7 million, with $7.6 million spent and 28,000 metres drilled year to date. Drilling of 18,000 metres planned for Q4 2019 to identify new mineral resources within trucking distance of existing operations.

  • Adjusted EBITDA1 of $22.5 million during Q3 2019 underpinned by sales volumes of 111.1 million pounds of zinc payable and reduction of 7.6 million pounds of inventory.

  • Robust Q3 2019 and year to date cash flow with operating cash flows before working capital changes of $8.8 million and $43.9 million, respectively.


Ricus Grimbeek, Trevali’s President and CEO commented, “Production is up and costs are down quarter over quarter. We had our second consecutive record of quarterly zinc production and we are moving our operations down the cost curve. We are in a great position to reconfirm our annual guidance with potential to exceed on production. More importantly we have line of sight over the long term which is going to be transformative for Trevali.


A major part of that is our newly launched T90 program which targets $50 million in pre-tax annual sustainable efficiencies and reduces our AISC1 down to $0.90 per pound by the beginning of 2022. We will accomplish this through operational improvements, standardization, and the deployment of technology. This plan will give us the platform to scale and additional improvements beyond T90 are undoubtedly in front of us as it opens the door to the reduction in cut off grades and extended mine lives at our operations. I’d also like to thank all our employees and contractors for an excellent quarter.”


This news release should be read in conjunction with Trevali’s quarterly consolidated financial statements and management’s discussion and analysis for the three months ended September 30, 2019, which is available on Trevali’s website and on SEDAR. Certain financial information is reported herein using non-IFRS measures. See Non-IFRS Financial Performance Measures below and in Trevali’s accompanying Q3-2019 Management’s Discussion and Analysis.


1 See “Use of Non-IFRS Financial Performance Measures”.
(in United States dollars, tabular amounts in thousands except where noted)


Q3 2019 Results Conference Call


The Company will host a conference call and presentation webcast at 01:00PM Eastern Time on Wednesday, November 6, 2019 to review the operating and financial results. Participants are advised to dial in five minutes prior to the scheduled start time of the call. A presentation will be made available on the Company’s website prior to the conference call.


Conference call dial-in details:
Date: Wednesday, November 6, 2019 at 01:00PM Eastern Time
Toll-free (North America): 1 (877) 291-4570
International: +1 (647) 788-4919
Webcast: http://www.gowebcasting.com/10255


Read more here: https://www.quotemedia.com/portal/quote?qm_symbol=TV%3ACA&qmodStoryID=5286171399727291 

!
Thumb 8020 monitor 200200 2

8020 Admin

20 days ago

8020 Admin posted a press release Trevali to Release Third Quarter Results on November 5, 2019 in TREVALI MINING CORPORATION


VANCOUVER, British Columbia, Oct. 18, 2019 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) announces that the operating and financial results for the third quarter ended September 30, 2019, will be released on Tuesday, November 5, 2019 after the Toronto Stock Exchange market close.


Q3-2019 Results Conference Call


The Company will host a conference call and presentation webcast at 01:00PM Eastern Time on Wednesday, November 6, 2019 to review the operating and financial results. Participants are advised to dial in five minutes prior to the scheduled start time of the call. A presentation will be made available on the Company’s website prior to the conference call.


Conference call dial-in details:
Date: Wednesday, November 6, 2019 at 01:00PM Eastern Time
Toll-free (North America): 1 (877) 291-4570
International: +1 (647) 788-4919
Webcast: http://www.gowebcasting.com/10255


About Trevali Mining Corporation


Trevali is a global base-metals mining company with four mines: the 90% owned Perkoa Mine in Burkina Faso, the 90% owned Rosh Pinah Mine in Namibia, the wholly-owned Caribou Mine in the Bathurst Mining Camp of northern New Brunswick in Canada, and the wholly-owned Santander Mine in Peru.


The shares of Trevali are listed on the TSX (symbol TV), the OTCQX (symbol TREVF), the Lima Stock Exchange (symbol TV), and the Frankfurt Exchange (symbol 4TI). For further details on Trevali, readers are referred to the Company’s website (www.trevali.com) and to Canadian regulatory filings on SEDAR at www.sedar.com.


Investor Relations Contact:
Brendan Creaney – Vice President, Investor Relations
Email: bcreaney@trevali.com
Phone: +1 (604) 638-5623


Source: Trevali Mining Corporation


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