Business
Trevali reports Q1-2017 financial results
Trevali reports Q1-2017 financial results.
About this update from Trevali Mining Corp.
[{"type":"text","content":"\n\n\n\n\nMarketwire\n\n\n\n\nTrevali reports Q1-2017 financial results\n\n\nEBITDA(1) of US$13.9 million on concentrate sales of US$59.5 million; US$2.7-million net income or EPS of US$0.01\n\n\n\n\n\n\n VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 15, 2017) - Trevali Mining Corporation (\"Trevali\" or the \"Company\") (TSX:TV)(LMA:TV)(OTCQX:TREVF)(FRANKFURT:4TI) has released financial results for the three months ended March 31, 2017 (\"Q1\") and has posted US$2.7 million in net income, or 1 cent per share. Concentrate sales revenues for Q1-2017 was US$59.5 million and EBITDA(1) for the quarter came in at US$13.9 million. \n This release should be read in conjunction with Trevali's unaudited condensed consolidated financial statements and management's discussion and analysis for the three months ended March 31, 2017, which is available on Trevali's website and on SEDAR. As at January 1, 2017, the Company has changed is presentation currency to the U.S. dollar (US). All financial figures are in US unless otherwise stated.\n Q1-2017 Results Highlights:\n \n \n Concentrate sales revenue of US$59.5 million\n EBITDA(1) of US$13.9 million\n Net income of US$2.7 million or $0.01 per share\n Income from mine operations of US$9.7 million\n Total cash position increased to US$23.8 million, up 63% from year-end 2016.\n Quarterly consolidated zinc production of 31.9 million payable lbs, lead production of 10 million payable lbs and 345,661 payable ozs. of silver\n Consolidated site cash costs of US$0.47 per pound of payable Zinc Equivalent (\"ZnEq\")(2) produced or US$49.10/tonne milled\n Santander production came in at site cash costs of US$35.06/tonne milled, at the lower end of 2017 annual cost guidance of $US35-40 per tonne milled\n Caribou site operating costs were US$61.17 per tonne milled, marginally above the 2017 annual cost guidance of US$55-60 per tonne milled reflecting a combination of transition to owner operated mining and seasonal weather conditions\n Provisional realized commodity selling prices for Q1-2017 sales was US$1.26 per pound zinc, US$1.05 per pound lead and US$17.98 per ounce silver\n \n \n \"As previously stated, Q1 was flagged as a slightly weaker quarter production-wise for lead-silver at Santander however mine sequencing is now starting to access higher-grade stopes as Magistral North-Central comes back o...