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Trevali Mining Corporation (TSX:TV) announced preliminary Santander Mine production results for its fourth quarter ending December 31, 2015 of approximately 13.1 million payable pounds of zinc, 6.3 million payable pounds of lead and 224,021 payable ounces of silver.
Trevali Mining Corporation (TSX:TV) announced preliminary Santander Mine production results for its fourth quarter ending December 31, 2015 of approximately 13.1 million payable pounds of zinc, 6.3 million payable pounds of lead and 224,021 payable ounces of silver.
As quoted in the press release:
Preliminary full year 2015 Santander mine zinc production was approximately 54.1 million payable pounds of zinc, exceeding annual guidance, in addition to 30.2 million payable pounds of lead and 1,055,965 payable ounces of silver, both hitting in the upper end of production guidance (see Table 1).
Q4-2015 recoveries at Santander averaged 90% for zinc, 88% for lead and 75% for silver. Mill throughput for the quarter was 204,999 tonnes, the highest throughput to date at Santander.
2016 Santander Mine Production Guidance
The preliminary 2016 production guidance estimate for the Santander mine is:
- 52-55 million pounds of payable zinc in concentrate grading approximately 50 percent Zn and at an average head grade of 4.2-4.4 percent Zn.
- 22-25 million pounds of payable lead in concentrate grading approximately 56-58 percent Pb and at an average head grade of 1.7-2.0 percent Pb.
- 800,000-1,000,000 ounces of payable silver at an average head grade of 1.5-1.8 oz per ton Ag.
Cash costs for 2016 are estimated at approximately US$40-US$43 per tonne milled (please see Cautionary Note on Forward Looking Statements at the end of this document).
Caribou Mine Commissioning Update
Trevali also provides a Q4-2015 and year-end mine and mill commissioning update for its Caribou Zinc Mine in the Bathurst Mining Camp of northern New Brunswick. A detailed description and discussion is provided below and progress highlights are as follows (Table 2):
During December the Caribou mill exhibited improved availability, utilization, reagent optimization (consumption reduction by approximately 30% on several key inputs) and throughput on a daily basis versus prior months, achieving an average of approximately 2,200 tonnes-per-day (“tpd”).
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