Business
Trevali Reports 2015 Annual Financial Results
Trevali Reports 2015 Annual Financial Results.
About this update from Trevali Mining Corp.
[{"type":"text","content":"\n \n \n Trevali Reports 2015 Annual Financial Results\n \n \nTrevali Reports 2015 Annual Financial Results\n\nEBITDA(1) of $12 million, Revenues $106.4 million and Net Loss of $14.3 million\n\n \n VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 30, 2016) - Trevali Mining Corporation (\"Trevali\" or the \"Company\") (TSX:TV) (LMA:TV) (OTCQX:TREVF) (FRANKFURT:4TI) has released its financial results for the year ended December 31, 2015 reporting annual Santander Zinc Mine operations income of $6.7 million on concentrate sales revenue of $106.4 million, and resulted in a net loss of $14.3 million ($0.05 per share).\n This release should be read in conjunction with Trevali's audited annual consolidated financial statements and management's discussion and analysis for the year ended December 31, 2015, which is available on Trevali's website and on SEDAR. All financial figures are in Canadian dollars unless otherwise stated.\n 2015 Annual Results Highlights:\n \n \n Santander concentrate sales revenue of $106.4 million\n EBITDA(1) of $12 million\n Income from Santander mine operations of $6.7 million\n Net loss of $14.3 million or ($0.05) per share\n 2015 Santander site cash costs(2) of US$0.33 per pound of payable Zinc Equivalent (\"ZnEq\")(3) produced or US$42.65/tonne milled, beating the Company's revised 2015 year-end guidance of US$46-48 per tonne milled\n Annual production of 54.1 million payable pounds of zinc, 30.2 million payable pounds of lead and 1.1 million payable ounces of silver, exceeding production guidance for the year\n Provisional realized commodity selling prices for Santander 2015 production was US$0.84 per pound zinc, US$0.77 per pound lead and US$15.67 per ounce silver respectively at International Benchmark terms under the Company's offtake agreement with Glencore\n Santander mill recoveries remain higher than design at 90% for Zn, 89% for Pb and 77% for Ag \n \n \n Q4-2015 Highlights:\n \n \n Record quarterly Santander mill throughput of 204,999 tonnes\n Quarterly production of 13.1 million payable pounds of zinc, 6.3 million payable pounds of lead and 0.22 million payable ounces of silver\n Q4-2015 Santander site cash costs(2) of US$0.32 per pound of payable Zinc Equivalent (\"ZnEq\")(3) produced or US$38.70/tonne milled\n Q4-2015 EBITDA(1) of ($1.9 million) and loss from Santander mine operations of $2.3 mi...