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Trevali Provides Update on Extension of Government Declaration of National Emergency in Peru
Trevali Provides Update on Extension of Government Declaration of National Emergency in Peru.
About this update from Trevali Mining Corp.
[{"type":"text","content":"\n VANCOUVER, British Columbia, March 27, 2020 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) The Peruvian President announced on March 26th that the Government extended the state of National Emergency which restricts travel in its efforts to contain the outbreak of COVID-19 to April 12th. An additional 13 days were added to the original 15-day period. The Santander mine has been in full compliance with the Government’s requirements since the National Emergency was declared and has been able to continue operations with no material impact to date. However, as a result of the extension of the declaration, the Company will not be able to process ore for the duration of the extension due to the consumption of reagents on site. Mining and other activities will continue, and mined ore will be stockpiled until April 12, 2020 at which time the Company anticipates resuming normal production levels, including milling at the Mine. Ricus Grimbeek, President and CEO stated, “We have made modifications to the operations at Santander so we can continue to mine and stockpile ore. More importantly, our workforce is healthy as we have had no suspected cases of COVID-19. We are ready for a quick and efficient ramp up of the processing facility back to normal levels once the state of emergency is lifted.” ABOUT TREVALI Trevali is a global base-metals mining company, headquartered in Vancouver, Canada. The bulk of Trevali’s revenue is generated from base-metals mining at its four operational assets: the 90%-owned Perkoa Mine in Burkina Faso, the 90%-owned Rosh Pinah Mine in Namibia, the wholly-owned Caribou Mine in northern New Brunswick, Canada and the wholly-owned Santander Mine in Peru. In addition, Trevali owns the Halfmile and Stratmat Properties and the Restigouche Deposit in New Brunswick, Canada, and the past producing Ruttan Mine in northern Manitoba, 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 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 d...