https://www.miningweekly.com

Trevali hits new Santander production record, lifts guidance

11th July 2016

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

Font size: - +

TORONTO (miningweekly.com) – Canadian zinc producer Trevali Mining has set new quarterly throughput and production records at its Santander mine, in Peru.

For the period ended June 30, Santander produced about 15.2-million payable pounds of zinc (a new quarterly record), 5.6-million pounds of lead and 222 121 oz of silver, compared with prior-quarter output of 13.66-million pounds of zinc, 6.4-million pounds of lead and 221 324 oz of silver.

Trevali advised that Santander recoveries averaged 89% for zinc, 87% for lead and 73% for silver, which was largely on par with the prior quarter, except for silver recoveries, which were down from 76%. Mill throughput for the quarter was 219 086 t, besting the site’s previous record of 209 188 t set in the first quarter.

Given the mine’s record zinc output during the first half of 2016, Trevali had increased its 2016 Santander zinc production guidance to between 57-million and 60-million pounds of payable zinc in concentrate, grading about 50% zinc, up from 52-million to 55-million pounds. 

The lead and silver guidance for 2016 remained unchanged at 22-million to 25-million pounds of lead in concentrate grading about 56% to 58% lead, and 800 000 oz to one-million ounces of payable silver. Cash costs for the year, which were lowered following strong first-quarter operating results, remained at an estimated $35/t to $38/t milled and site-based business initiatives were ongoing, the company said.

Effective July 1, Trevali had declared commercial production at its Caribou mine, in New Brunswick, giving it a second producing zinc mine as an emerging supply gap for the base metal started to widen.

The positive news boosted Trevali’s TSX-listed stock about 8% on Monday to C$0.68 apiece.

Edited by Samantha Herbst
Creamer Media Deputy Editor

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Werner South Africa Pumps & Equipment (PTY) LTD
Werner South Africa Pumps & Equipment (PTY) LTD

For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.109 0.144s - 112pq - 2rq
Subscribe Now