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Trevali Reports Q1-2016 Santander Mine Production and Record Quarterly Mill Throughput - Provides Caribou Mine Commissioning Update
Trevali Reports Q1-2016 Santander Mine Production and Record Quarterly Mill Throughput - Provides Caribou Mine Commissioning Update.
About this update from Trevali Mining Corp.
[{"type":"text","content":"\n \n \n Trevali Reports Q1-2016 Santander Mine Production and Record Quarterly Mill Throughput - Provides Caribou Mine Commissioning Update\n \n \nTrevali Reports Q1-2016 Santander Mine Production and Record Quarterly Mill Throughput - Provides Caribou Mine Commissioning Update\n \n VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 14, 2016) - Trevali Mining Corporation (\"Trevali\" or the \"Company\") (TSX:TV)(LMA:TV)(OTCQX:TREVF)(FRANKFURT:4TI) reports preliminary Santander Mine production results for its first quarter (\"Q1\") ending March 31, 2016 of approximately 13.7 million payable pounds of zinc, 6.4 million payable pounds of lead and 221,324 payable ounces of silver (see Table 1).\n Q1-2016 recoveries at Santander averaged 89% for zinc, 88% for lead and 76% for silver. Mill throughput for the quarter was a new record of 209,188 tonnes.\n Table 1: Santander Mine Q1-2016 preliminary production statistics\n \n \n \n \n Q1-2016\n \n \n \n Tonnes Mined\n 175,579\n \n \n \n Tonnes Milled\n 209,188\n \n \n \n Average Head Grades:\n \n \n \n \n Zinc\n 3.93\n %\n \n \n Lead\n 1.66\n %\n \n \n Silver (ounces/ton)\n 1.32\n \n \n \n Average Recoveries (%):\n \n \n \n \n Zinc\n 89\n %\n \n \n Lead\n 88\n %\n \n \n Silver\n 76\n %\n \n \n Concentrate Produced DMT (dry metric tonnes):\n \n \n \n \n Zinc\n 14,840\n \n \n \n Lead\n 5,469\n \n \n \n Concentrate Grades:\n \n \n \n \n Zinc\n 49\n %\n \n \n Lead\n 56\n %\n \n \n Ag (ounces/ton)\n 38.70\n \n \n \n Payable Production:\n \n \n \n \n Zinc (pounds)\n 13,662,766\n \n \n \n Lead (pounds)\n 6,436,047\n \n \n \n Silver (ounces)\n 221,324\n \n \n \n \n The Company remains on-track for its 2016 Santander Mine Production Guidance of 52-55 million pounds of payable zinc in concentrate grading approximately 50 percent Zn, 22-25 million pounds of payable lead in concentrate grading approximately 56-58 percent Pb and 800,000-1,000,000 ounces of payable silver. Cash costs for 2016 remain at an estimated US$40-US$43 per tonne milled and site based business initiatives are ongoing (please see Cautionary Note on Forward Looking Statements at the end of this document).\n CARIBOU MINE COMISSIONING UPDATE\n Trevali also provides a Q1-2016 mine and mill commissioning update for its Caribou Zinc Mine in the Bathurst Mining Camp of northern New Brunswick. A detailed description and discussion is prov...