Zinc

Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV) (BVL: TV) (OTCQX: TREVF) ( Frankfurt : 4TI) reports that search and rescue team members reached the refuge chamber below Level 520 in the Perkoa Mine in Burkina Faso . The refuge chamber was found intact and with no one inside. It is now clear that none of the eight missing workers reached the refuge chamber.

Trevali Mining Corporation Logo (CNW Group/Trevali Mining Corporation)

The Company's search crews will continue to work at maximum capacity, 24-hours-per-day until the missing individuals are recovered.

"This is devastating news, and we would like to offer our deepest sympathies to our colleagues' families and friends during this difficult time," said Ricus Grimbeek, President and CEO. "We will continue our search efforts unabated and reaffirm our commitment to work at full-speed to find our colleagues."

Senior representatives of Trevali and the Perkoa Mine mining contractor Byrnecut have been in close communication with the families of the missing workers throughout the search process and will continue to offer support. The Company will also continue to work alongside the Burkinabe authorities and is grateful for the search assistance received from them as well as the Burkina Faso mining community. Out of respect for privacy of the workers' families and friends, the Company will not be publicly disclosing the names of the workers.

The Company will provide further details as more information becomes available.

About Trevali Mining Corporation

Trevali is a global base-metals mining Company headquartered in Vancouver, Canada . The bulk of Trevali's revenue is generated from zinc and lead concentrate production at its three operational assets: the 90%-owned Perkoa Mine in Burkina Faso , the 90%-owned Rosh Pinah Mine in Namibia , and the wholly owned Caribou Mine in northern New Brunswick, Canada . In addition, Trevali owns the Halfmile and Stratmat Properties and the Restigouche Deposit in New Brunswick, Canada . Trevali also owns an effective 44% interest in the Gergarub Project in Namibia . The Company's growth strategy is focused on the exploration, development, operation, and optimization of properties within its portfolio, as well as other mineral assets it may acquire that fit its strategic criteria. Trevali's vision is to be a responsible, top-tier operator of long-life, low-cost mines in stable pro-mining jurisdictions. Trevali is committed to socially responsible mining, working safely, ethically, and with integrity. Integrating responsible practices into its management systems, standards, and decision-making processes is essential to ensuring everyone and every community's long-term sustainability.

The 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 .

Cautionary Note Regarding Forward-Looking Information and Statements

This news release contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). Forward-looking statements are based on the beliefs, expectations and opinions of management of the Company as of the date the statement are published, and the Company assumes no obligation to update any forward-looking statement, except as required by law. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects", "outlook", "guidance", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. Forward-looking statements relate to future events or future performance and reflect management's expectations or beliefs regarding future events including, but not limited to, statements with respect to the recovery efforts at Perkoa  including the Company's plans with respect thereto, the efficacy of the Company's pumping, decline ramp rehabilitation and de-watering activities and its efforts to restore electrical power and communications at the lower levels of Perkoa, the Company's ability to effectively dewater the mine and restore access to the lower levels of Perkoa, the results of any investigation of the flooding incident, the Company's assessment of the effect of the flooding on the safety and structural integrity of Perkoa's underground areas, the effect of the flooding on the cost of production at Perkoa, the length of time before underground mining operations can be recommenced safely at Perkoa, if at all, and the effect of the suspension of mine and milling operations at Perkoa on the Company's results of operations and metal production. As well, forward looking statements relate to the Company's growth strategies, the continued success of mineral exploration, the content, cost, timing and results of future exploration programs and life of mine expectancies, Trevali's ability to fund future exploration activities, estimation of mineral reserves and mineral resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production and capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses and title disputes or claims. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to the Company's search efforts and plans to remedy the impact of the flooding at the Perkoa Mine, including that such efforts and plans will not be effective or achieve their desired outcomes; actual results of current exploration activities, including the inherent uncertainty of mineral exploration and estimations of exploration targets; changes in project parameters as plans continue to be refined; future prices of zinc, lead, silver and other minerals and the anticipated sensitivity of our financial performance to such prices; possible variations in ore reserves, grade or recoveries; dependence on key personnel; potential conflicts of interest involving our directors and officers; labour pool constraints; labour disputes; availability of infrastructure required for the development of mining projects; delays or inability to obtain governmental and regulatory approvals for mining operations or financing or in the completion of development or construction activities; counterparty risks; increased operating and capital costs; foreign currency exchange rate fluctuations; operating in foreign jurisdictions with risk of changes to governmental regulation, including any new or ongoing decrees and regulations issued by any governmental authority in response to the COVID-19 pandemic; compliance with governmental regulations; compliance with environmental laws and regulations; land reclamation and mine closure obligations; challenges to title or ownership interest of our mineral properties; maintaining ongoing social license to operate; impact of climatic conditions on the Company's mining operations; corruption and bribery; limitations inherent in our insurance coverage; compliance with debt covenants; competition in the mining industry; our ability to integrate new acquisitions into our operations; cybersecurity threats; litigation; and other risks of the mining industry including, without limitation, other risks and uncertainties that are more fully described in the Company's annual information form, interim and annual audited consolidated financial statements and management's discussion and analysis of those statements, all of which are filed and available for review under the Company's profile on SEDAR at www.sedar.com . Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Trevali provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events may differ from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

SOURCE Trevali Mining Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2022/17/c0536.html

News Provided by Canada Newswire via QuoteMedia

TV:CA,TREVF
FWB:4TI

Trevali to Release Third Quarter Results on November 5, 2019

Trevali Mining Corporation (“Trevali” or the “Company”) (TSX:TV, BVL:TV, OTCQX:TREVF, Frankfurt:4TI) announces that the operating and financial results for the third quarter ended September 30, 2019, will be released on Tuesday, November 5, 2019 after the Toronto Stock Exchange market close.

Q3-2019 Results Conference Call

Keep reading...Show less
FWB:4TI

Trevali Establishes Automatic Share Purchase Plan

Trevali Mining Corporation (“Trevali” or the “Company”) (TSX:TV, BVL:TV; OTCQX:TREVF, Frankfurt:4TI) today announced that, in connection with its previously announced normal course issuer bid (“NCIB”) to purchase up to 40,000,000 of its common shares (“Common Shares”), it has entered into an automatic share purchase plan (“ASPP”) with its designated broker. The ASPP is intended to allow for the purchase of Common Shares under the NCIB at times when Trevali would ordinarily not be permitted to purchase shares due to regulatory restrictions and customary self-imposed blackout periods.

Pursuant to the ASPP, before entering into a blackout period, the Company may, but is not required to, instruct the designated broker to make purchases under the NCIB in accordance with the terms of the ASPP. Such purchases will be determined by the designated broker at its sole discretion based on purchasing parameters set by Trevali in accordance with the rules of the Toronto Stock Exchange (“TSX”), applicable securities laws and the terms of the ASPP. The ASPP has been pre-cleared by the TSX and implemented as of September 20, 2019, and will terminate on the earliest of the date on which: (i) the purchase limit under the NCIB has been reached; (ii) the NCIB expires; and (iii) the Company terminates the ASPP in accordance with its terms.

Keep reading...Show less
Keep reading...Show less
Zinc Investing

Trevali to Release Second Quarter Results on July 31, 2019

Trevali Mining Corporation (“Trevali” or the “Company”) (TSX:TV, BVL:TV) announces that the operating and financial results for the second quarter ended June 30, 2019, will be released on Wednesday, July 31, 2019 after the Toronto Stock Exchange market close.

The Company will host a conference call and presentation webcast at 11:00AM Eastern Time on Thursday, August 1, 2019 to review the operating and financial results. Participants are advised to dial in five minutes prior to the scheduled start time of the call. A presentation will be made available on the Company’s website prior to the conference call.

Keep reading...Show less
Zinc Investing

Trevali Releases its Inaugural Sustainability Report

Trevali Mining Corporation (“Trevali” or the “Company”) (TSX:TV, BVL: TV) announced today that it has issued its inaugural Sustainability Report, which is available at www.trevali.com.

“This report is our first step towards becoming more transparent in how we manage the elements of sustainability,” said Ricus Grimbeek, President and CEO. “We will keep improving the quality of our data and management practices and build on the good progress we have made so far. The future of mining requires meeting higher sustainability standards and is an essential part of Trevali’s objective to become an industry leader in sustainability and one of the best underground mining companies in the world.”

Keep reading...Show less
Zinc Exploration in the Mining-friendly Jurisdiction of Spain

Zinc Exploration in the Mining-friendly Jurisdiction of Spain

Zinc reigns as a highly essential metal in today’s global economy. From electric vehicles to critical infrastructure, zinc is the fourth most widely consumed metal in the world.

The rising demand for modern infrastructure development around the world has the potential to drive zinc production and new exploration projects. In China, the world’s leader in zinc production, the resource has become critical to the country’s ambitious infrastructure projects like the Belt and Road Initiative.

As nations continue to modernize through advancements in infrastructure, explorers have continued to seek out new zinc deposits. In Europe, Spain’s mineral-rich southern region is attracting mineral companies wishing to explore for zinc resources in a stable mining jurisdiction.

Keep reading...Show less

Trevali Reports Remaining Missing Workers Found at Perkoa Mine

Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV) (BVL: TV) (OTCQX: TREVF) ( Frankfurt : 4TI) is saddened to report that search team members have discovered the bodies of the remaining two workers unaccounted for following an April 16 flooding event at the Perkoa Mine in Burkina Faso .

Trevali Mining Corporation Logo (CNW Group/Trevali Mining Corporation)

The two workers were discovered following dewatering, the first on June 8 at the 640 Level and the second on June 19 in the decline leading to the 670 Level. Six workers were previously recovered by search teams late last month. All eight workers unaccounted for after the flooding event have now been recovered.

"This is a profoundly sad day for the families, friends, and colleagues of the eight workers who lost their lives. All of us at Trevali grieve the loss and offer our deepest condolences to our colleagues' families and friends during this difficult time," said Ricus Grimbeek, President and CEO.

Families are being notified following recovery and identification. Senior representatives of Trevali and the Perkoa Mine mining contractor Byrnecut have been in regular contact with the families of all eight workers and will continue to offer support. Out of respect for privacy of the workers' families and friends, the Company will not be publicly disclosing the names of the workers.

The Company is working alongside the Burkinabe authorities as the Trevali operations team coordinates the dewatering and rehabilitation of the Perkoa Mine.

"Trevali expresses its deep appreciation for the tireless efforts and support in the search and rescue operation from the Burkinabe authorities and from the mining community in Burkina Faso ," said Grimbeek.

The Company and the Burkinabe authorities are investigating the events around the flooding event. Mining and milling operations at Perkoa will remain suspended for the foreseeable future and the Company has suspended its production and cost guidance for 2022 as it relates to Perkoa. To date, 137 million litres of water has been removed from the mine as well as almost 4,500 metres of mine rehabilitation completed on the ramp decline, and removal of 5,860 cubic metres of solids. Dewatering and rehabilitation work will continue to the mine depth of the 710 Level and the Company will provide further updates as appropriate.

About Trevali Mining Corporation

Trevali is a global base-metals mining Company headquartered in Vancouver, Canada . The bulk of Trevali's revenue is generated from zinc and lead concentrate production at its three operational assets: the 90%-owned Perkoa Mine in Burkina Faso , the 90%-owned Rosh Pinah Mine in Namibia , and the wholly owned Caribou Mine in northern New Brunswick, Canada . In addition, Trevali owns the Halfmile and Stratmat Properties and the Restigouche Deposit in New Brunswick, Canada . Trevali also owns an effective 44% interest in the Gergarub Project in Namibia . The Company's growth strategy is focused on the exploration, development, operation, and optimization of properties within its portfolio, as well as other mineral assets it may acquire that fit its strategic criteria. Trevali's vision is to be a responsible, top-tier operator of long-life, low-cost mines in stable pro-mining jurisdictions. Trevali is committed to socially responsible mining, working safely, ethically, and with integrity. Integrating responsible practices into its management systems, standards, and decision-making processes is essential to ensuring everyone and every community's long-term sustainability.

The 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 .

Cautionary Note Regarding Forward-Looking Information and Statements

This news release contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). Forward-looking statements are based on the beliefs, expectations and opinions of management of the Company as of the date the statement are published, and the Company assumes no obligation to update any forward-looking statement, except as required by law. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects", "outlook", "guidance", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. Forward-looking statements relate to future events or future performance and reflect management's expectations or beliefs regarding future events including, but not limited to, statements with respect to the suspension of mining and milling operations at Perkoa, the recovery efforts at Perkoa, including the Company's plans with respect thereto, the efficacy of the Company's pumping, decline ramp rehabilitation and de-watering activities and  its efforts to restore electrical power and communications at the lower levels of Perkoa, the Company's ability to effectively dewater the mine and restore access to the lower levels of Perkoa, the results of any investigation of the flooding incident, and the Company's assessment of the effect of the flooding on the safety and structural integrity of Perkoa's underground areas. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to the Company's search efforts and plans to remedy the impact of the flooding at the Perkoa Mine, including that such efforts and plans will not be effective or achieve their desired outcomes; dependence on key personnel; labour pool constraints; labour disputes; increased operating and capital costs; foreign currency exchange rate fluctuations; operating in foreign jurisdictions with risk of changes to governmental regulation; compliance with governmental regulations; compliance with environmental laws and regulations; maintaining ongoing social license to operate; impact of climatic conditions on the Company's mining operations; limitations inherent in our insurance coverage; litigation; and other risks of the mining industry including, without limitation, other risks and uncertainties that are more fully described in the Company's annual information form, interim and annual audited consolidated financial statements and management's discussion and analysis of those statements, all of which are filed and available for review under the Company's profile on SEDAR at www.sedar.com . Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Trevali provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events may differ from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

SOURCE Trevali Mining Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/20/c5191.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Tinka Commences Ayawilca Resource Expansion Drill Program

Tinka Resources Limited ("Tinka" or the "Company") (TSXV:TK)(BVL:TK)(OTCQB:TKRFF) is pleased to announce that the Company has commenced a resource extension and exploration drill program at its 100%-owned Ayawilca project in Central Peru. The drill program will consist of up to 10,000 metres of drilling, initially with one rig and increasing to two rigs by the end of August, with drilling expected to continue for the rest of 2022

Ayawilca 2022 Drill Program

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Tinka Announces Closing C$11m Strategic Investment By Nexa And Buenaventura

Tinka Resources Limited ("Tinka" or the "Company") (TSX.V & BVL:TK) (OTCQB:TKRFF) is pleased to announce the closing of the strategic private placement financing (the "Private Placement") announced on May 25, 2022. Under the Private Placement, the Company has issued an aggregate of 50,563,210 common shares of the Company (the "Common Shares") at an issue price of C$0.22 (the "Issue Price") per Common Share for gross proceeds to the Company of C$11.12 million

Prior to the closing of the Private Placement, Nexa Resources S.A. ("Nexa"), the largest zinc producer in Latin America with several long-life operating mines and smelting operations in Peru and Brazil, held 30,550,512 common shares of Tinka or approximately 9.0% of the outstanding common shares of Tinka on a non-diluted basis. Pursuant to the Private Placement, Nexa subscribed for 40,792,541 Common Shares, resulting in Nexa becoming a new insider of Tinka holding a total of 71,343,053 common shares or 18.2% of the outstanding common shares of Tinka on a non-diluted basis.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Tinka Announces C$11M Strategic Investment by Nexa and Buenaventura

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Tinka Resources Limited ("Tinka" or the "Company") (TSXV:TK)(BVL:TK)(OTCQB:TKRFF) is pleased to announce that it has entered into an equity subscription agreement (the "Agreement") with Nexa Resources S.A. ("Nexa") (NYSE Symbol:NEXA), the largest zinc producer in Latin America with several long-life operating mines and smelting operations in Peru and Brazil. Compañia de Minas Buenaventura SAA ("Buenaventura"), an Insider of the Company, has advised it will exercise its pre-existing participation rights on the same terms and conditions

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Trevali Reports Four Missing Workers Found Deceased at Perkoa Mine; Efforts Continue to Locate Others

Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV) (BVL: TV) (OTCQX: TREVF) ( Frankfurt : 4TI) is saddened to report that search team members have discovered the bodies of four of the workers unaccounted for following an April 16 flooding event at the Perkoa Mine in Burkina Faso . Four workers remain missing, and the Company's search crews will continue to work at full capacity to locate these individuals.

Trevali Mining Corporation Logo (CNW Group/Trevali Mining Corporation)

"Our deepest condolences are with our colleagues' families during this difficult time, and all of us at Trevali grieve their loss," said Ricus Grimbeek, President and CEO.

Families are being notified as each worker is recovered and identified. Senior representatives of Trevali and the Perkoa Mine mining contractor Byrnecut are in regular contact with the families of all eight workers and will continue to offer support.

The Company continues to work alongside the Burkinabe authorities and is grateful for the search assistance received from them as well as the Burkina Faso mining community.

About Trevali Mining Corporation

Trevali is a global base-metals mining Company headquartered in Vancouver, Canada . The bulk of Trevali's revenue is generated from zinc and lead concentrate production at its three operational assets: the 90%-owned Perkoa Mine in Burkina Faso , the 90%-owned Rosh Pinah Mine in Namibia , and the wholly owned Caribou Mine in northern New Brunswick, Canada . In addition, Trevali owns the Halfmile and Stratmat Properties and the Restigouche Deposit in New Brunswick, Canada . Trevali also owns an effective 44% interest in the Gergarub Project in Namibia . The Company's growth strategy is focused on the exploration, development, operation, and optimization of properties within its portfolio, as well as other mineral assets it may acquire that fit its strategic criteria. Trevali's vision is to be a responsible, top-tier operator of long-life, low-cost mines in stable pro-mining jurisdictions. Trevali is committed to socially responsible mining, working safely, ethically, and with integrity. Integrating responsible practices into its management systems, standards, and decision-making processes is essential to ensuring everyone and every community's long-term sustainability.

The 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 .

Cautionary Note Regarding Forward-Looking Information and Statements

This news release contains "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). Forward-looking statements are based on the beliefs, expectations and opinions of management of the Company as of the date the statement are published, and the Company assumes no obligation to update any forward-looking statement, except as required by law. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects", "outlook", "guidance", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. Forward-looking statements relate to future events or future performance and reflect management's expectations or beliefs regarding future events including, but not limited to, statements with respect to the suspension of mining and milling operations at Perkoa, the recovery efforts at Perkoa, including the Company's plans with respect thereto, the efficacy of the Company's pumping, decline ramp rehabilitation and de-watering activities and  its efforts to restore electrical power and communications at the lower levels of Perkoa, the Company's ability to effectively dewater the mine and restore access to the lower levels of Perkoa, the results of any investigation of the flooding incident, and the Company's assessment of the effect of the flooding on the safety and structural integrity of Perkoa's underground areas. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to the Company's search efforts and plans to remedy the impact of the flooding at the Perkoa Mine, including that such efforts and plans will not be effective or achieve their desired outcomes; dependence on key personnel; labour pool constraints; labour disputes; increased operating and capital costs; foreign currency exchange rate fluctuations; operating in foreign jurisdictions with risk of changes to governmental regulation; compliance with governmental regulations; compliance with environmental laws and regulations; maintaining ongoing social license to operate; impact of climatic conditions on the Company's mining operations; limitations inherent in our insurance coverage; litigation; and other risks of the mining industry including, without limitation, other risks and uncertainties that are more fully described in the Company's annual information form, interim and annual audited consolidated financial statements and management's discussion and analysis of those statements, all of which are filed and available for review under the Company's profile on SEDAR at www.sedar.com . Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Trevali provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events may differ from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

SOURCE Trevali Mining Corporation

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2022/25/c3413.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×