Trevali’s Santander Mine Exceeds 2014 Guidance

 Trevali Mining Corporation (TSX:TV) has released preliminary production results for its fourth quarter helping boost production at Santander over the company’s modified production guidance for the year. Fourth quarter production resulted in 11.2 million payable pounds of zinc, 7.1 million payable pounds of lead and 241,600 payable ounces of silver. Full-year 2014 Santander production was approximately 50.4 million payable pounds of zinc, 23.3 million payable pounds of lead and 914,600 payable ounces of silver.

According to the press release:

Full-year 2014 Santander production was approximately 50.4 million payable pounds of zinc, 23.3 million payable pounds of lead and 914,600 payable ounces of silver, exceeding the Company’s modified production guidance estimate for the year.

2014 full-year recoveries averaged 88% for zinc, 85% for lead and 75% for silver. Annual mill throughput was 709,140 tonnes. Average head grades were 4.24% Zn, 1.89% Pb and 1.64 oz/ton Ag with production of 54,204 tonnes of zinc concentrate averaging 50% Zn and 19,375 tonnes of lead-silver concentrate averaging 57% Pb and 46.7 oz/ton Ag for the year.

Dr. Mark Cruise, president and CEO of Trevali, said:

We are encouraged with our first commercial production year at Santander and particularly pleased with the Q4 mill performance where we achieved above design through-put and recoveries of all metals. We will continue to focus on site optimization and business efficiencies in 2015 in order to maximize site-performance prior to anticipated Zn price strengthening later this year as global supply constraints are forecast to commence.

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