Business
Trevali Completes Sale of Santander Mine
Trevali Completes Sale of Santander Mine.
About this update from Trevali Mining Corp.
[{"type":"text","content":"\n\n\n\nTrevali Completes Sale of Santander Mine\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nTrevali Completes Sale of Santander Mine\nCanada NewsWire\nVANCOUVER, BC, Dec 3, 2021\n\n\n\nVANCOUVER, BC, Dec 3, 2021 /CNW/ - Trevali Mining Corporation (\"Trevali\" or the \"Company\") (TSX: TV) (BVL: TV) (OTCQX: TREVF) (Frankfurt: 4TI) is pleased to announce the closing of the transaction with Cerro De Pasco Resources Inc. (CNSX: CDPR) (\"Cerro De Pasco\" or \"CDPR\"), to sell Trevali's 100% interest in the Santander Mine in Peru (refer to news release dated November 8, 2021). .\n\n \n \n \n \n \n \n\n \nTrevali has received 10 million common shares of Cerro De Pasco (subject to certain conditions), C$1 million in cash, and a 1% Net Smelter Return Royalty on certain areas of the Santander Mine site that exclude areas on which there is currently a defined Mineral Resource. \nThe divestiture of Santander is an element of Trevali's focus on disciplined capital allocation, corporate debt reduction and development of the RP2.0 expansion project at Rosh Pinah.\nABOUT TREVALI\nTrevali 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, as well as an option to acquire a 100% interest in the Heath Steele deposit located in New Brunswick, Canada. 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 ...