Trevali Mining Reports Second Quarter Results

Trevali Mining Corporation (TSX:TV) announced today the results of it’s second quarter which ended June 30, 2015. The results highlighted Trevali’s Santander Mine in Peru, which reported an operations income for the quarter was $5.4 million on concentrate sales revenue of $30.5 million.
Other highlights as quoted in the press release include:

• Concentrate sales revenue of $30.5 million
• EBITDA(1) of $7.2 million
• Income from Santander mine operations of $5.4 million
• Net income of $0.2 million or ($0.00) per share
• Q2 site cash costs(2) of US$0.33 per pound of payable Zinc Equivalent (“ZnEq”)(3) produced or US$44.95/tonne milled in line with Company’s 2015 cost guidance
• Q2 production of 13.7-million payable pounds of zinc, 8.7-million payable pounds of lead and 290,225 payable ounces of silver
• Q2 sales of 13.2-million pounds of zinc, 8.7-million pounds of lead, and 290,879 ounces of silver
• Realized selling prices for zinc, lead and silver of US$0.95 per pound, US$0.82 per pound and US$16.33 per ounce respectively
• Mill recoveries remained strong at 90% for Zn, 88% for Pb, and 78% for Ag in Q2

Trevali’s President and CEO, Dr. Mark Cruise, stated:
The Santander mine continued to deliver very solid performance through the second quarter with concentrate sales revenue of over $30 million despite some weakening in base metal and silver prices over the quarter, with Santander solidly running at solid-state we remain focused on commissioning and ramping up our Caribou mine this year, bringing our second zinc mine online.
Click here for the Trevali Mining Corporation (TSX:TV) press release.
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