Trevali’s Caribou Mine is Ramping up Production at the New Brunswick Operation

A recent article in CIM Magazine highlighted Trevali Mining Corporation (TSX:TV) Caribou zinc mine in northern New Brunswick.
As quoted in the article:

The mining team at Trevali’s Caribou mine is ramping up production at the New Brunswick operation with the expectation that zinc prices are set to bounce back .
The underground zinc-lead-silver-copper-gold mine has stalled and exchanged hands several times over the years, but Vancouver-based Trevali expects it will succeed this time due to the price and market fundamentals of zinc, the very cause of the mine’s demise under its previous owners. Although the commodity sat at around US$0.67/lb in mid-January, mine closures and stockpile depletions are expected to boost the commodity in short order. 
By December, Trevali had ramped up to about 2,000 tonnes per day of production. During mine commissioning, Alex MacIntyre & Associates mining contractors are doing the underground work. “We wanted to financially de-risk the project during commissioning,” explained Trevali president Mark Cruise. By starting to mine with a fully trained and skilled workforce that came with its own fleet of mine equipment, Trevali was able to reduce the initial capital and training required. Once the mine reaches commercial production in the first quarter of 2016, the plan is for it to become fully owner-operated by mid-2016. At that point, Trevali will run its own fleet, which will include five scoop trams and seven 45-tonne underground haul trucks.

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