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Trevali Reports Q2-2016 Santander Mine Production With Record Zinc Output and Mill Throughput
Trevali Mining Corporation (TSX:TV) announced preliminary Santander Mine production results for its second quarter ending June 30, 2016 of approximately 15.2 million payable pounds zinc (a new quarterly record), 5.6 million payable pounds of lead and 222,121 payable ounces of silver.
Trevali Mining Corporation (TSX:TV) announced preliminary Santander Mine production results for its second quarter ending June 30, 2016 of approximately 15.2 million payable pounds zinc (a new quarterly record), 5.6 million payable pounds of lead and 222,121 payable ounces of silver.
As quoted in the press release:
Given the mine’s record zinc production during the first half of 2016, the Company has increased its 2016 annual Santander Zinc Production Guidance to 57-60 million pounds of payable zinc in concentrate grading approximately 50 percent Zn (up from 52-55 million payable pounds). Lead and silver guidance for 2016 remains unchanged at 22-25 million pounds of payable lead in concentrate grading approximately 56-58 percent Pb and 800,000-1,000,000 ounces of payable silver. Cash costs for 2016, which were lowered following strong Q1-2016 operating results, remain an estimated US$35-US$38 per tonne milled and site based business initiatives are ongoing (please see Cautionary Note on Forward Looking Statements at the end of this document).
Q1-2016 Q2-2016 Tonnes Mined 175,579 177,415 Tonnes Milled 209,188 219,086 Average Head Grades: Zinc 3.93% 4.16% Lead 1.66% 1.39% Silver (ounces/ton) 1.32 1.32 Average Recoveries (%): Zinc 89% 89% Lead 88% 87% Silver 76% 73% Concentrate Produced DMT (dry metric tonnes): Zinc 14,840 16,601 Lead 5,469 4,865 Concentrate Grades: Zinc 49% 49% Lead 56% 55% Ag (ounces/ton) 38.70 43.66 Payable Production: Zinc (pounds) 13,662,766 15,157,944 Lead (pounds) 6,436,047 5,575,792 Silver (ounces) 221,324 222,121
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