• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks
    zinc investing

    Trevali Reports Record Q4-2016 and 2016 Annual Zinc Production

    Haley Stavert
    Jan. 17, 2017 11:15AM PST
    Base Metals Investing
    TSX:TV

    Trevali Mining Corporation (TSX:TV) reports preliminary fourth quarter (“Q4”) 2016 production results from its two operating zinc mines, the Caribou Mine in New Brunswick, Canada and the Santander Mine in Peru. For the three months ending December 31, 2016, approximately 36.8 million payable pounds zinc, 11.3 million payable pounds lead and 409,654 payable ounces of silver was produced (see Table 1).

    Trevali Mining Corporation (TSX:TV) reports preliminary fourth quarter (“Q4”) 2016 production results from its two operating zinc mines, the Caribou Mine in New Brunswick, Canada and the Santander Mine in Peru. For the three months ending December 31, 2016, approximately 36.8 million payable pounds zinc, 11.3 million payable pounds lead and 409,654 payable ounces of silver was produced (see Table 1).
    Table 1: Consolidated Q4-2016 and 2016 preliminary production statistics
    Q4-2016*Q4-20152016*2015
    Tonnes Mined415,523173,2831,166,381722,360
    Tonnes Milled469,723204,9991,300,037778,151
    Average Head Grades:
    Zinc5.33%3.80%4.92%4.14%
    Lead1.91%1.68%1.78%2.09%
    Silver (ounces/ton)1.85 oz/t1.38 oz/t1.66 oz/t1.66 oz/t
    Average Recoveries (%):
    Zinc81%90%84%90%
    Lead69%88%75%89%
    Silver48%75%57%77%
    Concentrate Produced DMT (dry metric tonnes):
    Zinc42,27514,141110,02758, 232
    Lead13,2845,34734,33524,962
    Concentrate Grades:
    ZincSilver in zinc conc.47%
    4.0 oz/t
    49%
    –
    48%
    4.2 oz/t
    50%
    –
    Lead42%56%46%58%
    Silver in lead conc.28.7 oz/t36.7 oz/t33.2 oz/t40.48 oz/t
    Payable Production:
    Zinc (pounds)36,757,26813,078,86497,962,89154,148,660
    Lead (pounds)11,317,2546,337,73733,048,01930,237,350
    Silver (ounces)409,654224,0211,215,8731,055,965

    *Q4-2016 and 2016 preliminary production figures include Caribou Zinc Mine production from commencement of commercial production on July 1, 2016.
    For the year ending December 31, 2016, consolidated production was approximately 98 million payable pounds zinc, 33 million payable pounds lead and 1.2-million payable ounces of silver, a new annual record and reflective of the commencement of commercial production at the Caribou Mine (see Table 1).
    “On top of consistent operational results from our Santander Zinc Mine in Peru, Q4-2016 saw significant improvement in throughput at our Caribou Zinc Mine in New Brunswick where the mill is now effectively operating at its nameplate 3,000-tonnes-per-day capacity,” stated Dr. Mark Cruise, Trevali’s President and CEO. “While we are very proud to achieve both record quarterly and annual zinc production from our mines we will continue to optimize operations and implement our business initiatives to maximize our production profile and benefit from the current strengthening zinc cycle.”
    Santander Zinc Mine, Peru
    For Q4-2016, Santander continued its strong performance to deliver preliminary quarterly production of 15.8 million payable pounds of zinc, 3.1 million payable pounds of lead and 177,931 payable ounces of silver (see Table 2). Recoveries averaged 89% for zinc, 83% for lead and 66% for silver.
    Santander mill throughput for 2016 was 863,307 tonnes, approximately 18% above the nameplate design of 2,000-tonnes-per-day (730,000 tonnes per year).
    As previously disclosed, lead production decreased during the Quarter as mining operations focused on the zinc-rich Magistral Central and South zones. The Santander team is advancing development of the Magistral North ramp in order to access recently discovered higher-grade Zn-Pb and Ag mineralization in the Magistral North and Oyon Zones, both of which remain open for expansion and which are anticipated to result in increased Pb-Ag production in the latter half of 2017.
    Read full company profile.
    Table 2: Santander Mine Q4-2016 and 2016 annual preliminary production statistics

    Q1-2016Q2-2016Q3-2016Q4-20162016
    Tonnes Mined175,579177,415192,815171,084716,893
    Tonnes Milled209,188219,086216,551218,481863,307
    Average Head Grades:
    Zinc3.93%4.16%4.61%4.36%4.27%
    Lead1.66%1.39%1.08%0.82%1.23%
    Silver (ounces/ton)1.321.321.261.181.27
    Average Recoveries (%):
    Zinc89%89%89%89%89%
    Lead88%87%84%83%86%
    Silver76%73%67%66%71%
    Concentrate Produced DMT (dry metric tonnes):
    Zinc14,84016,60118,40317,55367,397
    Lead5,4694,8653,7453,11117,189
    Concentrate Grades:
    Zinc49%49%48%48%49%
    Lead56%55%53%48%53%
    Ag (ounces/ton)38.7043.6649.0754.6245.24
    Payable Production:
    Zinc (pounds)13,662,76615,157,94416,608,27515,826,25361,255,238
    Lead (pounds)6,436,0475,575,7924,141,5823,102,82619,256,247
    Silver (ounces)221,324222,121192,431177,931813,807

    2017 Santander Mine Production Guidance
    The preliminary 2017 production guidance estimate for the Santander mine is:

    • 63-65 million pounds of payable zinc in concentrate
    • 12-14 million pounds of payable lead in concentrate
    • 700,000-900,000 ounces of payable silver

    Cash costs for 2017 are estimated at approximately US$35-40 per tonne milled (please see Cautionary Note on Forward Looking Statements at the end of this document).
    Caribou Zinc Mine, Canada
    Q4 marked the Caribou Mine’s second commercial production quarter and saw significant improvements in throughput and Pb recovery following completion of SAG mill modifications. In Q4-2016, Caribou produced a record 20.9 million pounds of payable zinc, 8.2 million payable pounds of lead and 231,722 payable ounces of silver (see Table 3). Recoveries averaged 76% for zinc, 60% for lead and 36% for silver. Mill throughput for Q4 was 251,242 tonnes, effectively at its nameplate (3,000-tonne-per-day) performance.
    Table 3: Caribou Mine Q4-2016 and 2016 annual preliminary production statistics

    Q1-2016**Q2-2016**Q3-2016Q4-20162016***
    Tonnes Mined191,005188,353205,049244,439449,488
    Tonnes Milled200,670186,246185,488251,242436,730
    Average Head Grades:
    Zinc5.95%5.92%5.91%6.01%5.97%
    Lead2.55%2.74%2.62%2.68%2.66%
    Silver (ounces/ton)2.032.482.262.322.29
    Average Recoveries (%):
    Zinc71%77%78%76%77%
    Lead58%56%56%60%58%
    Silver38%31%36%36%36%
    Concentrate Produced DMT (dry metric tonnes):
    Zinc17,73218,15517,90824,72242,630
    Lead7,5857,0486,97310,17317,146
    Concentrate Grades:
    ZincSilver in zinc conc.48%
    4.0 oz/t
    47%
    5.0 oz/t
    48%
    4.5 oz/t
    46%
    4.0 oz/t
    47%
    4.2 oz/t
    Lead39%41%39%40%39%
    Silver in lead conc.20.3 oz/t20.3 oz/t21.5 oz/t20.8 oz/t21.1 oz/t
    Payable Production:
    Zinc (pounds)15,560,65515,535,81715,776,63820,931,01536,707,653
    Lead (pounds)6,070,0485,891,6155,577,3448,214,42813,791,772
    Silver (ounces)167,337169,971170,345231,722402,067

    **Both Q1-2016 and Q2-2016 were pre-commercial production quarters. Caribou Mine commercial production was declared as of July 1, 2016.
    ***2016 reported annual production only includes commercial production commencing as of July 1, 2016 (Q3 and Q4).
    In the first half of 2017 the Caribou Site, in conjunction with partners Glencore, will continue to focus on optimizing recoveries, specifically zinc.
    2017 Caribou Mine Production Guidance
    The preliminary 2017 production guidance estimate for the Caribou mine is:

    • 90-93 million pounds of payable zinc in concentrate
    • 30-32 million pounds of payable lead in concentrate
    • 800,000-900,000 ounces of payable silver

    Cash costs for 2017 are estimated at approximately US$55-60 per tonne milled (please see Cautionary Note on Forward Looking Statements at the end of this document).
    Qualified Person and Quality Control/Quality Assurance
    EurGeol Dr. Mark D. Cruise, Trevali’s President and CEO, Paul Keller, P.Eng, Trevali’s Chief Operating Officer are qualified persons as defined by NI 43-101, have supervised the preparation of the scientific and technical information that forms the basis for this news release. Dr. Cruise is not independent of the Company as he is an officer, director and shareholder. Mr. Keller is not independent of the Company as he is an officer and shareholder.
    ABOUT TREVALI MINING CORPORATION
    Trevali is a zinc-focused, base metals mining company with two commercially producing operations.
    The Company is actively producing zinc and lead-silver concentrates from its 2,000-tonne-per-day Santander mine in Peru and its 3,000-tonne-per-day Caribou mine in the Bathurst Mining Camp of northern New Brunswick. Trevali also owns the Halfmile and Stratmat base metal deposits, located in New Brunswick, that are currently undergoing a Preliminary Economic Assessment reviewing their potential development.
    The common shares of Trevali are listed on the TSX (symbol TV), the OTCQX (symbol TREVF), the Lima Stock Exchange (symbol TV), and the Frankfurt Exchange (symbol 4TI). For further details on Trevali, readers are referred to the Company’s website (www.trevali.com) and to Canadian regulatory filings on SEDAR at www.sedar.com.
    Click here to connect with Trevali Mining Corporation (TSX:TV) to receive an Investor Presentation.

    zinc investingq4 reportq3 2016q4 2016canadatsx:tvtrevali mining corporationnew brunswicktrevali mining corp
    The Conversation (0)

    Go Deeper

    AI Powered
    First Majestic Produces 7.7 Million AgEq Ounces in Q1 2025 Including a Record 3.7 Million Silver Ounces

    First Majestic Produces 7.7 Million AgEq Ounces in Q1 2025 Including a Record 3.7 Million Silver Ounces

    Lundin Mining Provides 2024 Guidance & Announces 2023 Production Results

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Base Metals Investing Stocks

    Group Eleven Resources

     
    ZNG:CC

    Nuvau Minerals

     
    NMC:CC

    Teck Resources Limited Class A Multiple Voting Shares

     
    TECK.A:CA

    Capstone Copper

     
    CS:CA

    Pan American Silver

     
    PAAS:CA
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×