Value Microcaps Junior Miners

[JustForFun7]

TV.to 1.10 +0.02 (1+1.85%)

Looking good but Chinese data was weak so zinc prices have retreated a little back under a buck. Look good for the rest of the year as zinc supplies shrink and second mine comes on stream.

Trevali Mining : Reports Santander Mine Q1-2015 Production

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 14, 2015) - Trevali Mining Corporation ("Trevali" or the "Company") (TSX:TV)(LMA:TV)(OTCQX:TREVF)(FRANKFURT:4TI) reports preliminary production results for its first quarter ("Q1") ending March 31, 2015 of approximately 12.5 million payable pounds of zinc, 7.4 million payable pounds of lead and 254,800 payable ounces of silver from the Santander Mine in Peru (see Table 1).

Q1-2015 recoveries averaged 90% for zinc, 90% for lead and 80% for silver. Mill throughput for the quarter was 185,365 tonnes. Average Q1 head grades were 4.03% Zn, 2.13% Pb and 1.65 oz/ton Ag with production of 13,430 tonnes of zinc concentrate averaging 50% Zn and 5,925 tonnes of lead-silver concentrate averaging 60% Pb and 41.0 oz/ton Ag for the year.

"We remain very encouraged with our first quarter production at Santander, especially with continued improvements in mill performance where we once again achieved above design through-put and recoveries of all metals, and remain on-track with our 2015 production guidance," stated Dr. Mark Cruise, Trevali's President and CEO. "Site optimization and efficiency initiatives are delivering operational improvements as the Company stands well positioned to benefit from anticipated zinc price strengthening later this year with major global mine closures scheduled to occur and supply constraints forecast."

Table 1: Santander Mine Q1-2015 production statistics
Q1-2015
Tonnes Mined 182,258
Tonnes Milled 185,365
Average Head Grades
Zinc 4.03%
Lead 2.13%
Silver (ounces/ton) 1.65
Average Recoveries (%)
Zinc 90%
Lead 90%
Silver 80%
Concentrate Produced DMT (dry metric tonnes):
Zinc 13,430
Lead 5,925
Concentrate Grades
Zinc 50%
Lead 60%
Ag (ounces/ton) 41.04
Payable Production:
Zinc (pounds) 12,536,783
Lead (pounds) 7,407,887
Silver (ounces) 254,805
2015 Santander Mine Production Guidance

Santander Mine 2015 production guidance estimates remain unchanged at approximately:

48 million to 50 million pounds of payable zinc (in concentrate grading approximately 50 per cent Zn) at an average head grade of 4.2 to 4.4 per cent Zn
23 million to 25 million pounds of payable lead (in concentrate grading approximately 55 to 57 per cent Pb) at an average head grade of 1.8 to 2.1 per cent Pb
850,000 to 950,000 ounces of payable silver at an average head grade of 1.5 to 1.8 ounces per ton Ag
Cash costs for 2015 are estimated at $48 (U.S.) to $51 (U.S.) per tonne milled.

(Please see Cautionary Note on Forward-Looking Statements at the end of this document)

Q1-2015 Financial Results and Conference Call

Trevali will release financial results for its first quarter period ending March 31, 2015 on May 14, 2015 after the close of the trading day in Toronto. The Company will host a conference call and audio webcast at 10:30 a.m. Eastern Time on Friday, May 15, 2015 to review the financial results. Conference call dial-in details and audio webcast link will be provided in the financial results news release.

Caribou Mine Update

The Company's restart of its Caribou Mine and Mill Complex in the Bathurst Mining Camp of Northern New Brunswick continues to advance and remains on-track and schedule for commissioning over the upcoming weeks.