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Last C$1.02 CAD
Change Today -0.03 / -2.86%
Volume 3.0M
As of 4:00 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

trevali mining corp (TV) Snapshot

Open
C$1.05
Previous Close
C$1.05
Day High
C$1.05
Day Low
C$1.01
52 Week High
08/6/14 - C$1.41
52 Week Low
05/30/14 - C$0.91
Market Cap
292.7M
Average Volume 10 Days
3.0M
EPS TTM
C$-0.02
Shares Outstanding
286.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TREVALI MINING CORP (TV)

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trevali mining corp (TV) Details

Trevali Mining Corporation, a natural resource company, engages in the acquisition, exploration, and development of mineral properties in Peru and Canada. It primarily explores for zinc, lead, silver, copper, and gold deposits. The company holds interests in the Santander zinc, lead, and silver property, which covers an area of approximately 4,454.7 hectares in the province of De Huaral Deparmento de Lima, Peru; Caribou property covering an area of approximately 3,105.7 hectares located in the province of New Brunswick; and Halfmile Lake property that covers an area of approximately 1104.8 hectares, as well as Stratmat property covering an area of approximately 828.6 hectares located in Northumberland County of northeast New Brunswick, Canada. It also owns interest in the Ruttan copper-zinc massive sulphide deposit covering an area of approximately 1,994 hectares located in Manitoba; and has an option to acquire the Huampar silver mine in Peru. The company was formerly known as Trevali Resources Corp. and changed its name to Trevali Mining Corporation in April 2011. Trevali Mining Corporation was incorporated in 1964 and is headquartered in Vancouver, Canada.

50 Employees
Last Reported Date: 03/31/15
Founded in 1964

trevali mining corp (TV) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$353.0K
Chief Financial Officer
Total Annual Compensation: C$250.0K
Chief Operating Officer
Total Annual Compensation: C$300.0K
Vice President of Investor Relations & Corpor...
Total Annual Compensation: C$200.0K
Vice President of Human Resources
Total Annual Compensation: C$220.0K
Compensation as of Fiscal Year 2014.

trevali mining corp (TV) Key Developments

Trevali Mining Corporation Announces Mill Commissioning at its Caribou Zinc Mine

Trevali Mining Corporation announced that mill commissioning at its 3,000-tonne-per-day Caribou Zinc Mine in the Bathurst Mining Camp of northern New Brunswick has commenced following the recent successful initiation of underground mining. All key mill circuits: Crushing ­ Grinding ­ Flotation ­ Concentrate Filters ­ Metallurgical & Geochemical Laboratories and Concentrate Handling have been either fully replaced, refurbished or repaired where necessary and are available for commissioning by Trevali's Plant team. In order to ensure sufficient feed is available for commissioning, mining has produced an approximately 75,000-tonne surface mineralized mill-feed stockpile from underground development and production stopes with an additional 28,000 tonnes of mill-feed drilled and readily available for blast and mucking through the new ramp system. Underground refurbishment, development and mining has been going exceptionally well year-to-date. There is presently 7.3 kilometres, within a total 13.3 kilometres of underground development, in 10 of 16 levels and sub-levels fully refurbished and available for production operations. In addition 619 metres of waste development, including a new 422-metre ramp to surface stockpile connection (the 2560 Portal) and 278 metres of development in sulphides has been completed since late February. Production stopes mined to date produced 33,000 tonnes at grades of 5.87% Zn, 2.27% Pb and 65.5 g/t Ag versus a block-modeled 33,000 tonnes at 5.88% Zn, 2.31% Pb and 55.7 g/t Ag. Production stope dilution to date is 7% with a 93% stope recovery versus planned 16% dilution and 94% recovery providing a high degree of confidence for mineral continuity in the deeper, as yet undeveloped levels, in the current mine plan and beyond. Regardless, the company is currently tendering an approximately 10,000-metre predominantly UG drill campaign to provide additional detail for mine planning purposes that will commence later in 2015 and continue into H1 of 2016. The Caribou deposit remains open for expansion as evidenced by the recent intersection of 50.9 metres of massive sulphide mineralization grading 5.08% Zn, 1.76% Pb, 0.37% Cu, 59.66 g/t Ag and 1.63 g/t Au in drill hole BR-1014A approximately 200 metres from the currently defined deposit TV-NR-15-07 April 16, 2015.

Trevali Mining Corporation Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Production Guidance for the Year 2015

Trevali Mining Corporation reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2015. For the period, the company reported revenue of $25.9 million against $24.1 million a year ago. Income from Santander mining operations was $2.2 million against $3.8 million a year ago. Net loss was $2.8 million or $0.01 per basic share against income of $0.6 million or $0.00 per basic share a year ago. For the quarter, approximately 185,000 tonnes of mineralized material was processed through the mill. Underground production was approximately 182,000 for the quarter, and was sourced primarily from the Magistral North-Rosa and Magistral South zones. Magistral Central was in a development cycle with scheduled production from the zone increasing in second quarter and expected to continue through the remainder of the year. The company sold approximately 11.8 million pounds zinc, 7.3 million pounds lead and 244,000 ounces of silver. The company reported production of 12.5 million payable pounds of zinc, 7.4 million payable pounds of lead and 254,805 payable ounces of silver. Mill recoveries increased materially above design at 90% for both Zn and Pb, and 80% for Ag in first quarter of 2014. The company provided production guidance for the year 2015. For the year, the company's Santander mine is remains unchanged at approximately 48 million to 50 million pounds of payable zinc (in concentrate grading approximately 50% Zn), 23 million to 25 million pounds of payable lead (in concentrate grading approximately 55-57% Pb) and 850,000 ounces to 950,000 ounces of payable silver reporting to the Pb concentrates.

Trevali Mining Corporation Announces Positive Initial Results from Caribou Zinc Mine Paste Backfill Study

Trevali Mining Corporation provided an update on the recommended paste backfill test work at its Caribou Zinc Mine in the Bathurst Mining Camp of New Brunswick, Canada. There are 6.15 million tons grading 6.11% Zn, 2.49% Pb, 0.34% Cu, 67.8 g/t Ag and 0.86 g/t Au of estimated life-of-mine plant feed in the current Caribou mine re-start plan. Several of the key optimization opportunities and recommendations identified in the 2014 report include additional exploration drilling to fully define the Caribou geological system, which remains open for expansion, and the potential to maximize or increase the estimated life-of-mine plant feed by using paste backfill technology in particular to recover a significant portion of the 1.33 million tons of mineralization (comprised witin the current resource) in the sill pillars that are currently excluded from the PEA mine plan. Recent proof of concept exploration drill results clearly demonstrate that the Caribou deposit remains open for expansion ­ a 200-meter step-out drill hole intersected 50.9 meters of massive sulphide returning 5.08% Zn, 1.76% Pb, 0.37% Cu, 59.6 g/t Ag and 1.63 g/t Au. The current mine plan utilizes dry waste-rock backfill, which due to its strength characteristics limits the estimated amount of the horizontal sills that can be recovered. Paste backfill, with its significantly superior strength and ground support characteristics, would allow extraction of a greater portion of tonnages currently `locked' in these sills. In areas of multiple zones, in particular at intermediate-to-deeper levels on the Caribou North Limb, it is estimated that up to 75% of the massive sulphide occurs in multiple lens zones. In order to maintain a stable, competent vertical pillar between these lenses, minimum stand-off distances are established to support the waste-rock fill that in turn can lead to lower mining recoveries. The current mine plan includes 16% waste-rock dilution ­ paste backfill is estimated to decrease dilution to 8-10% thereby boosting overall head grade and metal units delivered to the mill. It may also add potential incremental tons to the mine plan, that is, tons currently not viable for a variety of reasons but typically those marginally below the cut-off-grade of the mine plan and contingent on commodity prices at time of extraction. Utilization of paste backfill will decrease stope cycle times by an estimated 25-30% in addition to dropping backfill costs due to decreased re-handling of material and decreased mining fleet requirements. Paste backfill is estimated to conservatively reduce surface tailings volumes by 40-50. Longer term, as anticipated mining accesses the deeper portions of the deposit (which remains open for expansion), the strength and mining benefits of paste backfill increase proportionally and could ultimately render these areas viable versus a dry-waste backfill method. Paste backfill is delivered to post-mining open voids via a network of boreholes and pipes from a surface plant whereas waste-rock backfill is transported to voids using vertical raises and mobile diesel Load-Haul-Dump equipment. Paste backfill reduces the underground equipment requirements, which in turn reduce the overall ventilation requirements in the mine. Faster cycle times and tight filling of voids with paste backfill improves the overall regional ground stability in the mine.

 

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Price/Cash Flow 221.3x
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