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Trevali Mining Corporation (TSX: TV) announced its financial results for 2014, posting a net loss of $7 million ($0.03 per share).
Trevali Mining Corporation (TSX: TV) announced its financial results for 2014, posting a net loss of $7 million ($0.03 per share).
As quoted in the press release,
Annual concentrate sales revenue of $94.2 million
EBITDA(1) of $14.2 million
Income from Santander mine operations of $12.7 million
Working capital position of $32.5 million
Net loss of $7 million or ($0.03) per share (partially due to a non-re-occurring loss on disposal of a subsidiary incurred during the year)
Dr. Mark Cruise, Trevali’s President and CEO, stated:
With our first full commercial production year at Santander now under our belts, we have realized significant operations improvements and look forward to further advancing Trevali to benefit from forecast higher zinc prices. Despite weakened commodity prices, operational income from concentrate sales remained robust over the fourth quarter and for the year providing a solid platform for growth. The Company is now focused on bringing its Caribou Mine in New Brunswick into operation in Q2-2015 and strengthen its evolution as one of only a handful of primary zinc producers globally.
Click here for the full Trevali Mining Corporation (TSX: TV) press release
