Trevali Mining Releases 2019 Production Results and 2020 Guidance
Trevali Mining Corp (TSX: TV) has released its preliminary fourth quarter and annual production results for 2019, as well as the guidance report for 2020.
With respect to total quarterly results at its Rosh Pinah, Caribou, and Santander mines, Trevali increased its silver production from 285,000 ounces in 2018 to 378,000 ounces in fourth quarter 2019. Likewise, lead production also saw a fourth quarter increase by 4.1 million pounds from the previous year. Zinc production however, saw the smallest increase, with 102.7 million pounds in fourth quarter 2018, to 104.8 million pounds in 2019.
Trevali’s full year production results also show improvement from the previous year. Overall silver production increased from 1,171 thousand ounces in 2018 to 1,489 thousand ounces in 2019. Lead production also increased by 8.6 million pounds from the previous year, and 2018 zinc production went from 406.9 million pounds to a record 417.4 million pounds in 2019. Guidance for the 2019 fiscal year was beat on all total amounts.
Trevali also announced its 2020 guidance report, and is projecting similar results to those of 2019. Payable silver production is expected to be between 1,440 and 1,580 thousand ounces, lead production to be between 51 and 57 million pounds, and zinc production is predicted to vary between 380 and 410 million pounds.
In addition to total payable production 2020 forecasts, the company also provided its per-pound zinc production costs. Trevali expects the average mining cost of zinc between its three mines to be between $0.85 USD and $0.93 USD per pound. Likewise, the capital expenditure distribution is forecast to be approximately $57 million USD for sustaining capital expenditures, $12 million USD for exploration expenditures, and another $12 million USD for expansionary capital expenditures.
Trevali is a Canadian mining company concentrating on the extraction of base-metals. The company has its headquarters in Vancouver, British Columbia, and wholly-owns several domestic and overseas operational mines, as well as holds substantial interest in various other mines, some of which are located in Canada.
Trevali Mining Corporation is currently trading at $0.25 on the TSX.
Information for this analysis was found via Sedar and Trevali Mining Corp. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.