Trevali Mining Releases Financial Results for First Quarter 2014

Trevali Mining Corporation (TSX:TV,BVL:TV,OTCQX:TREVF;FWB:4TI) announced its financial results for the first quarter of 2014. Highlights included the posting of $3.9 million in income from operations at Trevali’s Santander Mine in Peru on concentrate sales on revenue of $24.1 million, and net income of $0.6 million.

As quoted in the press release:

During the three months ended March 31, 2014, the Company recorded a net income of $611,000 compared to a loss of $1,275,000 in the same period of the prior year, or a gain of $0.00 per share (2013 – loss of $0.01). The majority of the increase in operating income is due to the revenues net of cost of sales recorded at the Company’s Santander mine.

Trevali CEO, Dr. Mark Cruise, said:

With the successful achievement of Commercial Production at Santander during Q1, these inaugural results show profitable operations at the mine, with key metrics such as mill performance and production figures all in line with or ahead of our full year guidance. Optimization of both our processing and mining operations remains ongoing as we strive to increase efficiencies, metal production and revenues.

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