Business
Trevali Reports 2017 Annual Financial Results
Trevali Reports 2017 Annual Financial Results.
About this update from Trevali Mining Corp.
[{"type":"text","content":"\n\n EBITDA(1) of $101 million on net revenues of $330.5 million;Cash position of $97.3 million and working capital of $144 million;Net profit of $20.2-million or $0.03 per share;Adjusted EBITDA(1) (5) (6) of $162 million and adjusted after tax earnings(5) of $60 million or $0.11 adjusted earnings per share(5)\n All financial figures are in U.S. dollars unless otherwise indicated. VANCOUVER, British Columbia, March 13, 2018 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX:TV) (BVL:TV) (OTCQX:TREVF) (Frankfurt:4TI) has released its audited annual financial results for the year ending December 31, 2017, with net income of $20.2 million, or $0.03 per share, and EBITDA(1) of $101 million on total revenues of $330.5 million. Fourth quarter (“Q4”) net income was $25.2 million, or $0.03 per share, and EBITDA(1) was $56.3 million on net concentrate sales revenues of $188.8 million. Factoring in material one-time expenses related to the August 31, 2017 African asset acquisition(5) the adjusted EBITDA(1) (5) (6) is $162 million, equating to adjusted after-tax earnings(5) of $60 million or $0.11 adjusted earnings per share.(5) 2017 Annual Results Highlights: Annual consolidated zinc production of 225.1 million payable lbs., lead production of 45.8 million payable lbs. and 1.56 million payable ozs. of silver; or 281.3 million payable lbs. of Zinc Equivalent (“ZnEq”)(2)(5)Consolidated site cash operating costs of $0.46 per pound of payable ZnEq produced(5) or $57.36/tonne milled and all in sustaining costs(5) of $0.67 per pound of payable ZnEq producedConcentrate sales revenue of $330.5 million, up approximately 220% versus 2016EBITDA(1) of $101 million, up 141% from $42 million in 2016;  and annual net income of $20.2 million or $0.03 per shareIncome from mine operations of $86.1 million, up 203% from $28.4 million in 2016Total cash position of $97.3 million and working capital of $144 millionProvisional realized commodity selling prices for 2017 sales was $1.38 per pound zinc, $1.07 per pound lead and $16.99 per ounce silver Q4-2017 Results Highlights: Q4 consolidated zinc production of 104.8 million payable lbs., lead production of 13.5 million payable lbs. and 0.4 million payable ozs. of silver; or 119.7 million payable lbs. of ZnEqQuarterly net income o...