The Conversation (0)
Trevali Mining Corporation (TSX:TV) announced that effective as of July 1, 2016 it has achieved commercial production at its Caribou Zinc Mine in the Bathurst Mining Camp of northern New Brunswick.
Trevali Mining Corporation (TSX:TV) announced that effective as of July 1, 2016 it has achieved commercial production at its Caribou Zinc Mine in the Bathurst Mining Camp of northern New Brunswick. Following a successful commissioning period, Caribou is now operating consistently in a manner intended by the Company and as demonstrated in the June results with mill and underground operations delivering the strongest monthly performance to date with record mine and mill tonnage and throughput, zinc recoveries and concentrate production.
As quoted in the press release:
With the achievement of this key milestone, Trevali will continue to implement its business initiatives in order to continue to optimize operations and ramp-up production at the Caribou Zinc Mine to further boost efficiencies, recovery rates and ultimately metal concentrate production.
Trevali Mining President and CEO, Dr. Mark Cruise, stated:
Declaring Commercial Production at Caribou represents a major milestone for Trevali’s second operating zinc mine and strengthens the Company’s position as the only current primary zinc producer on the TSX poised to benefit from the forecast zinc commodity price rally. This achievement, during a time of challenging market conditions, is a testament to the professionalism, dedication, attitude and hard work of our Caribou team including our valued contractors and partners. Based on our experience at the Santander mine, I remain extremely confident ongoing optimizations at Caribou will continue to build upon these foundations during the remainder of 2016, exemplified by Caribou zinc recoveries in early July already averaging 82%.
Connect with Trevali Mining Corporation (TSX:TV) to receive an Investor Presentation.
Â