Trevali Mining Corp. today announced that Matthew Quinlan is departing as Trevali’s Interim Chief Financial Officer effective August 31, 2020. Mr. Quinlan has served as Interim CFO since March 3, 2020 after having supported Trevali in a consulting capacity since October 2019. “I thank Matt for his efforts over the past 11 months. He has been integral in the process of securing additional liquidity for the company. We wish [...]
Trevali Mining Corp. is pleased to announce positive results from the NI 43-101 Pre-Feasibility Study at its 90%-owned Rosh Pinah mine in Namibia . The PFS is based on a scenario to expand the current throughput from 0.7 Mtpa to 1.3 Mtpa through the modification of the processing plant, construction of a paste fill plant, and development of a dedicated portal and ramp to the WF3 deposit. Prior to making an investment [...]
Trevali Mining Corp. today released financial and operating results for the three and six months ended June 30, 2020. The Company reported quarterly production of 66 million pounds of zinc at an all-in sustaining cost1 of $1.05 per pound. Subsequent to quarter end, the company secured up to $45 million in additional liquidity consisting of $25 million being made available through the existing credit facility and a new $20 [...]
Trevali Mining Corp. is pleased to announce today that it has entered into a second amended and restated credit agreement with a syndicate of lenders for an up to US$150 million first lien secured revolving credit facility, . In addition, the Company has entered into an up to US$20 million second lien secured facility agreement with Glencore Canada Corporation, an affiliate of the Company’s largest shareholder, [...]
Trevali Mining Corp. announced today that it continues to engage with its syndicate of lenders on a solution to short-term financing and liquidity requirements, and has been granted a waiver of compliance with the existing financial covenants until August 31, 2020. As part of the waiver, the minimum financial liquidity requirement of $15 million has been reduced to $10 million. All other terms of the facility remain [...]
Trevali Mining Corp. announced today that the Company has begun to safely restart operations at the Santander mine in Peru with additional COVID-19 health controls in place. Mining and milling operations were suspended on June 25th to provide COVID-19 screening for all workers after 19 workers tested positive when conducting routine testing. One individual has been admitted to intensive care due to complications related [...]
Trevali Mining Corp. announced on June 26th that 19 workers at the Santander mine in Peru tested positive for COVID-19 during routine serological testing. In response, operations at Santander were suspended and all 298 workers on site were safely quarantined and underwent further testing. A total of 82 workers have tested positive for COVID-19 using polymerase chain reaction tests. Three individuals are currently [...]
Trevali Mining Corp. announced today that it continues to engage with its syndicate of lenders on a solution to short-term financing and liquidity requirements, and has been granted a waiver of compliance with the existing financial covenants until July 31, 2020. No new covenants or modifications have been introduced. The Company continues to advance the strategic review process with its financial advisors to explore [...]
Trevali Mining Corp. regretfully announces that 19 workers at the Santander mine in Peru tested positive for COVID-19. These workers are asymptomatic and have been provided with safe and preventative quarantine. The Company has temporarily suspended operations at the mine and mill to undertake additional testing on site. On June 23rd, prior to a roster change, 69 workers were screened with COVID-19 serological rapid tests [...]
Trevali Mining Corp. announced today that it continues to engage with its syndicate of lenders on a solution to short-term financing and liquidity requirements, and has been granted a waiver of compliance with the existing financial covenants until June 30, 2020. In addition, the facility has been permanently reduced from $275 million to $200 million, allowing the Company to save on standby fees. The temporary reduction [...]
Trevali Mining Corp. announced today that it has issued its 2019 Sustainability Report, covering new performance targets and disclosures. “Our second annual Sustainability Report marks another great milestone bringing us one step closer to fulfilling our purpose to become the world’s most sustainable underground mining company,” said Ricus Grimbeek, President and CEO. “We were able to make significant progress in [...]
Trevali Mining Corp. today released financial and operating results for the three months ended March 31, 2020. The Company reported production of 99 million pounds of zinc at an All-In Sustaining Cost1 of $1.10 per pound. A net loss of million was principally due to a non-cash impairment charge of $137.4 million being recorded relating to Caribou, Santander, and exploration properties. The adjusted net loss1 for the [...]
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