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Trevali Reports Preliminary Q2-2018 Production of 104 Million Payable Pounds of Zinc and Operating Costs of US$58 Per Tonne
Trevali Reports Preliminary Q2-2018 Production of 104 Million Payable Pounds of Zinc and Operating Costs of US$58 Per Tonne.
About this update from Trevali Mining Corp.
[{"type":"text","content":"\nVANCOUVER, British Columbia, July 18, 2018 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX:TV) (OTCQX:TREVF) (Frankfurt:4TI) reports preliminary consolidated second quarter 2018 (“Q2-2018”) production of 103.9 million payable pounds of zinc, 10.5 million payable pounds of lead and 337,801 payable ounces of silver (Table 1). The Company remains firmly on track with its 2018 consolidated annual production guidance of 400-427 million payable pounds of zinc.\n\n \n \n \n \n \n \n \n \n \n \n \n 2018 Q1 Actual and Forecast Quarterly Payable Zinc Production (Mlbs)\n \n \n \n \n \n \n \n \n\n Q2 Highlights: On track with 2018 annual zinc production guidance of 400-427 million payable poundsPreliminary consolidated operating costs of US$58 per tonneOperating costs within or below guidance at all operations; on track with 2018 consolidated operating cost guidance of US$60-$66 per tonneContinued strong performance at PerkoaSantander back at normal capacity following mill maintenance in the first quarterCaribou improved performance following winter seasonal effect in the first quarterNormal concentrate shipping schedules realized at all operations Table 1: Preliminary Consolidated Q2-2018 Production Q1-2018Q2-2018YTD-2018Tonnes Mined790,215807,1661,597,381Tonnes Milled743,935820,2141,564,149Concentrate Produced (dry metric tonnes):   Zinc107,906117,452225,357Lead14,93313,30828,241Payable Production:   Zinc (lbs)Zinc (tonnes)98,738,94444,800103,891,60947,138202,630,55291,938Lead (lbs)Lead (tonnes)12,296,5555,57910,531,4204,77822,827,97410,358Silver (ozs)336,927337,801669,377 “As per plan, we saw increased zinc production in the second quarter and the Company remains on track to achieve annual production and cost guidance,” stated Dr. Mark Cruise, Trevali’s President and CEO. “The overall improvements, versus the first quarter, reflect continued strong performance at Perkoa, a return to normal capacity at Santander and decreasing seasonal effects at Caribou. Unfortunately, Rosh Pinah had a challenging quarter, however we anticipate significant improvement in the second half of the year as we focus on optimizing operations, specifically underground mining efficiency and productivity.” Perkoa Mine, Burkin...