Trevali Reports Q2-2016 Santander Mine Production With Record Zinc Output and Mill Throughput

Base Metals Investing
TSX:TV

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).

Q1-2016Q2-2016
Tonnes Mined175,579177,415
Tonnes Milled209,188219,086
Average Head Grades:
Zinc3.93%4.16%
Lead1.66%1.39%
Silver (ounces/ton)1.321.32
Average Recoveries (%):
Zinc89%89%
Lead88%87%
Silver76%73%
Concentrate Produced DMT (dry metric tonnes):
Zinc14,84016,601
Lead5,4694,865
Concentrate Grades:
Zinc49%49%
Lead56%55%
Ag (ounces/ton)38.7043.66
Payable Production:
Zinc (pounds)13,662,76615,157,944
Lead (pounds)6,436,0475,575,792
Silver (ounces)221,324222,121

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