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(Wallace Refiners) – Trevali Mining (TSX: TV) today released preliminary Q4 and full-year production results for 2020 and provided 2021 operating, capital and exploration expenditure guidance.
Trevali said that its total zinc production from operations was 74 million pounds for Q4 2020 for total annual production of 313 million pounds, achieving the company’s annual guidance of between 312 to 327 million pounds of zinc production. Lead production exceeded the top end of production guidance at 30 million pounds and silver production achieved guidance at 752 thousand ounces.
The company’s consolidated production guidance for 2021 is estimated between 330 – 360 million pounds of payable zinc, 45 – 50 million pounds of payable lead and 925 – 1,025 thousand ounces of payable silver.
Trevali expects that its zinc production to be moderately higher in the second half of 2021. The operational restart of Caribou is planned to begin in the first quarter with first production expected in March, and shortly thereafter, to ramp up to a steady state, while Rosh Pinah is expected to have moderately higher production rates in the second half of the year due to mine scheduling.
Trevali is a global base-metals mining company, headquartered in Vancouver, Canada. The bulk of Trevali’s revenue is generated from base-metals mining at its four operational assets: the 90%-owned Perkoa mine in Burkina Faso, the 90%-owned Rosh Pinah mine in Namibia, the wholly-owned Caribou mine in northern New Brunswick, Canada and the wholly-owned Santander mine in Peru.
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