Duyuru • Sep 30
Trevali Mining Corporation Announces Director Resignations Trevali Mining Corporation announced Jill Gardiner and Jeane Hull have each resigned as directors of the Company, effective immediately. Russell Ball will remain on the Company's board of directors going forward to support the Company's ongoing restructuring efforts. Duyuru • Sep 27
Trevali Mining Corporation Announces Resignation of Richard Williams as Director Trevali Mining Corporation announced that Richard Williams has resigned as a director of the Company, effective September 23, 2022. Duyuru • Sep 07
Trevali Announces Delisting of Common Shares from the Toronto Stock Exchange Trevali Mining Corporation announced that following a delisting review by the Toronto Stock Exchange ("TSX"), the Company's common shares will be delisted effective close of market on October 3, 2022. Trading of the Company's shares has been suspended since August 22, 2022 as a result of the Company filing for protection under the Companies' Creditors Arrangement Act ("CCAA") and this suspension will continue until the delisting takes effect. In addition to the TSX delisting, the Company expects its common shares will also be delisted in due course from the other exchanges on which the common shares currently trade. Shareholders retain their legal rights and equity interest and are advised to contact their brokerage where shares are held regarding retention policies for unlisted shareholdings and potential for shares to trade in over-the-counter markets. Duyuru • Aug 24
Trevali Announces Trading Halt for Common Shares Trevali Mining Corporation ('Trevali' or the 'Company') announced that, following receipt of the initial order from the Supreme Court of British Columbia under the Companies' Creditors Arrangement Act ('CCAA'), trading of the common shares of the Company on the Toronto Stock Exchange (the 'TSX') have been halted. The trading of the Common Shares is also expected to be halted on the Lima Stock Exchange, OTCQX and Frankfurt Stock Exchange. The Company expects that as a result of having filed for protection under the CCAA, the Common Shares may be delisted from trading on the TSX and other exchanges in due course. Duyuru • Aug 23
Trevali Mining Corporation Announces Executive Resignations Trevali Mining Corporation announced that Nick Popovic and Aline Cote have resigned from the board of directors of the Company. Major Estimate Revision • Aug 22
Consensus EPS estimates fall by 300% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from US$238.0m to US$229.8m. Losses expected to increase from US$0.04 per share to US$0.14. Metals and Mining industry in Canada expected to see average net income growth of 4.2% next year. Consensus price target down from CA$0.65 to CA$0.52. Share price fell 55% to CA$0.20 over the past week. Reported Earnings • Aug 17
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: US$0.59 loss per share (down from US$0.018 profit in 2Q 2021). Revenue: US$52.0m (down 39% from 2Q 2021). Net loss: US$58.4m (down US$60.2m from profit in 2Q 2021). Revenue exceeded analyst estimates by 51%. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is expected to shrink by 38% compared to a 10% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 52% per year, which means it is significantly lagging earnings. Breakeven Date Change • Aug 17
Forecast breakeven date pushed back to 2023 The 6 analysts covering Trevali Mining previously expected the company to break even in 2022. New consensus forecast suggests the company will make a profit of US$8.26m in 2023. Average annual earnings growth of 46% is required to achieve expected profit on schedule. Board Change • Jul 21
High number of new directors Independent Director Jeane Hull was the last director to join the board, commencing their role in 2021. Duyuru • Jul 14
Trevali Mining Corporation to Report Q2, 2022 Results on Aug 08, 2022 Trevali Mining Corporation announced that they will report Q2, 2022 results at 9:30 AM, US Eastern Standard Time on Aug 08, 2022 Duyuru • May 10
Trevali Mining Corporation Provides an Update on Search Efforts at Perkoa Mine Trevali Mining Corporation provided an update on search efforts at the Perkoa Mine in Burkina Faso following an April 16 flooding event. To date, approximately 32 million litres of water have been removed from the Mine and access has been restored to Level 550. There has been no communication with the eight missing workers since April 16 and none have been located yet. The Company continues to strengthen search capabilities with additional equipment and resources, and search crews will continue to work at maximum capacity, 24-hours-per-day to locate the missing individuals. Throughout the search process, senior representatives of Trevali and Byrnecut, the mining contractor at Perkoa, have been in daily communication with the families of the missing workers and continue to offer support. Dewatering and Mine Access Rehabilitation Progress Update The search effort requires the careful rebuilding of the road on more than 5,000 metres of underground decline ramp in order to facilitate the search efforts and safely install and operate pumping and piping infrastructure to remove floodwater. As of May 8: Approximately 25,000 tonnes of waste rock has been used in rehabilitation of the mine access ramp 5,000 metres of new poly pipe has been welded and installed in addition to the existing pipes; More than 24 electric and diesel pumps have been installed and put into operation; Approximately 32 million litres of water have been removed from the mine The full extent of required mine rehabilitation efforts will become known as dewatering progresses to the bottom of the mine at Level 710. The Company is in regular communications with Burkinabe authorities and is grateful for the search and rescue assistance received from them as well as the Burkina Faso mining community. The Burkina Faso National Fire Brigade has been on site at the Mine since shortly after the flooding event, working alongside Trevali's and West African Resources's search and rescue teams. Personnel from the Burkinabe Ministry of Mines and Quarries, the Governor of Central-West Region, the High Commissioner of Réo, the President of the Chamber of Mines, the Minister of Civil Service, Labour and Social Protection; the Minister of National Education, Literacy and Promotion of National Languages; Military Civil Construction, and others have all lent their support and coordination to the urgent search and rescue activities and have made numerous visits to the mine site. Trevali welcomes all support from the authorities in assisting with the search and rescue efforts. In addition, family members of the missing workers have received regular briefings on the search status and have been to the site and reviewed progress underground. The Company is committed to full transparency in its actions and communication of updates to the families and the authorities. Duyuru • Apr 23
Trevali Mining Corporation Suspends 2022 Production Guidance Trevali Mining Corporation suspended 2022 Production guidance. The company provided an update on search and rescue efforts at the Perkoa Mine in Burkina Faso following intense rainfall that occurred in the early morning of April 16, 2022 and resulted in a flash flood that breached protective berms surrounding the open pit. Eight workers remain unaccounted for following the evacuation of the underground area of the mine and search and rescue efforts continue. Mining and milling operations at Perkoa will remain suspended for the foreseeable future and the Company is working closely with Burkinabe authorities as it investigates the cause of the flood event following heavy rainfall of approximately 125 mm of rain that fell in less than an hour. All underground mining and surface activities at Perkoa remain suspended as the search and rescue operation continues and the Company and authorities investigate the flood event. The current suspension, investigation and review of future mining at the Perkoa Mine will likely result in reduced zinc production in 2022 for the Company relative to previously released annual guidance. The requirements for infrastructure refurbishment and construction linked to repairs and rehabilitation at the mine remain unknown, as does the timing for a potential restart of mining and processing activities. Underground development activities will only recommence once it has been determined that this can be done safely. As the Company's investigation progresses and the assessment of the underground areas advances, the company will provide additional detail on the estimated impact on mining operations. In the meantime, the company is suspending production and cost guidance for 2022 as it relates to Perkoa. Duyuru • Apr 22
Trevali Mining Corporation, Annual General Meeting, Jun 29, 2022 Trevali Mining Corporation, Annual General Meeting, Jun 29, 2022. Duyuru • Apr 14
Trevali Mining Corporation to Report Q1, 2022 Results on May 04, 2022 Trevali Mining Corporation announced that they will report Q1, 2022 results Pre-Market on May 04, 2022 Duyuru • Apr 08
Trevali Announces the Appointment of Derek du Preez as Chief Operating Officer Trevali Mining Corporation announced the appointment of Derek du Preez as Chief Operating Officer, effective immediately. Derek du Preez brings more than 25 years of experience working at mining operations across Canada, Australia, and Africa, where he has held operational, project and technical roles with increasing levels of responsibility. Most recently, he served the Company as Chief Technical Officer and has successfully completed several critical projects, including the Rosh Pinah Expansion Project ("RP2.0") NI 43-101 Feasibility Study, oversight of the drilling and resource expansion work at the Rosh Pinah Mine, overseeing the successful restart of the Caribou Mine, and delivering the Rapid Oxidative Leach ("ROL") Pilot Testing Program at Caribou. He has been Interim COO since December 2021. Before joining Trevali, Derek was a Principal Consultant at AMC Consultants. Reported Earnings • Feb 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: US$0.039 loss per share (up from US$2.93 loss in FY 2020). Revenue: US$288.1m (up 35% from FY 2020). Net loss: US$3.86m (loss narrowed 98% from FY 2020). Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 25%, compared to a 19% growth forecast for the mining industry in Canada. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Duyuru • Jan 25
Trevali Mining Corporation Provides Production Guidance for the Fiscal Year 2022 Trevali Mining Corporation provided production guidance for the fiscal year 2022. For the year, the company expects Total Zinc Production in the range of 247 280 million lbs, Total Lead Production in the range of 36 41 million lbs and Total Silver Production in the range of 688,000 778,000 ozs. Duyuru • Jan 22
Trevali Mining Corporation Commences Early Works Program Trevali Mining Corporation announced in parallel with its project financing initiatives, Trevali continues to advance certain aspects of RP2.0 in order to maintain the project schedule and mitigate the risks associated with the project as outlined in the Feasibility Study. The early works program, which has a capital budget of $20 million is expected to be financed from internal cash flows and consists of the following scope: Procurement of mobile equipment; Power supply system upgrade; Paste backfill plant long lead item procurement; Portal construction and decline development; and Process plant detailed engineering. Trevali will provide more comprehensive information regarding planned 2022 capital expenditures as part of its production and cost guidance which is expected to be issued in January 2022. Processing Plant: The FS incorporates a planned upgrade to the comminution circuit to include a new single-stage SAG mill and pebble crusher. The upgrade also includes primary crushing upgrades and ore blending area, along with other circuit modifications intended to provide increased flotation, thickening, filtration and pumping capacity to achieve the target throughput of 1.3 Mtpa. The upgrade will also include several flowsheet modifications aimed at improving both the concentrate grade and metal recoveries. Underground Development and Infrastructure: A dedicated portal and decline to the WF3 deposit will be constructed to support the expected increase to mine production levels and reduce operating costs. The planned trucking decline is 3.9 km in length, excluding level access and stockpiles. The new trucking decline will act as an additional fresh air intake within the ventilation network and will enable direct ore haulage from the WF3 zone to a new surface primary crusher station utilizing large-scale (60 tonne) trucks. Ore sourced from other areas (EOF, SF3, SOF, and BME) will be transported to the existing underground crushing system using the existing 30 tonne truck fleet and conveyed to surface via the existing conveying system. Paste Fill Plant: A paste fill plant designed to operate at both the current 0.7 Mtpa and the 1.3 Mtpa targeted throughput rate has been included. The paste plant commissioning date is anticipated in Second Quarter 2023 (approximately 9 months before the upgraded processing plant's expected commissioning date) as it is critical to fill existing voids (particularly within WF3) to achieve the increased production target and preferred mining sequence considered as part of the expansion project. Paste filling the stopes rather than leaving them void is expected to improve ground stability, increase ore recovery, and reduce dilution, and also to reduce surface tailings as a portion of new tailings will be redirected underground to be used as paste fill. A water treatment plant has been added to the paste fill plant system which is expected to significantly reduce water consumption. The system in conjunction with the paste fill plant system is anticipated to reduce the water intensity of the Rosh Pinah operation from 1.54 m3/t to 0.65 m3/t of ore. Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2022 The 6 analysts covering Trevali Mining previously expected the company to break even in 2021. New consensus forecast suggests the company will make a profit of US$36.4m in 2022. Average annual earnings growth of 16% is required to achieve expected profit on schedule. Duyuru • Dec 05
Cerro de Pasco Resources Inc. (CNSX:CDPR) completed the acquisition of Trevali Peru S.A.C from Trevali Mining Corporation (TSX:TV). Cerro de Pasco Resources Inc. (CNSX:CDPR) signed an agreement to acquire Trevali Peru S.A.C from Trevali Mining Corporation (TSX:TV) for CAD 4.6 million on November 8, 2021. Under the agreement, Cerro de Pasco Resources Inc. shall ya CAD 1 million in cash along with issuance of 10 million shares of CDPR to Trevali, which will be release from escrow and freely tradable according to the following schedule: (i) 10% at closing of the transaction, and (ii) 15% every six months thereafter. Cerro de Pasco Resources Inc shall also pay 1% Net Smelter Return Royalty. The Transaction is subject to customary closing conditions, including approval of the Canadian Securities Exchange, and is expected to close in fourth quarter of 2021.
Cerro de Pasco Resources Inc. (CNSX:CDPR) completed the acquisition of Trevali Peru S.A.C from Trevali Mining Corporation (TSX:TV) on December 3, 2021. Reported Earnings • Nov 14
Third quarter 2021 earnings released: EPS US$5.61 (vs US$0.002 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$79.8m (up 59% from 3Q 2020). Net income: US$5.55m (up 328% from 3Q 2020). Profit margin: 7.0% (up from 2.6% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS US$0.004 (vs US$0.021 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$101.1m (up 137% from 2Q 2020). Net income: US$3.61m (up US$20.7m from 2Q 2020). Profit margin: 3.6% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Duyuru • Aug 06
Trevali Mining Corporation Revises Earnings Guidance for the Full Year of Fiscal 2021 Trevali Mining Corporation revised earnings guidance for the full year of fiscal 2021. For the second half of 2021, the company expects Zinc payable production of 330 – 355 million pounds, Lead payable production of 40 – 44 million pounds, Silver production of 888,000 – 972,000 ounces. Reported Earnings • May 15
First quarter 2021 earnings released: US$0.003 loss per share (vs US$0.21 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: US$72.0m (up 39% from 1Q 2020). Net loss: US$2.68m (loss narrowed 98% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year whereas the company’s share price has fallen by 40% per year. Duyuru • Mar 06
Trevali Mining Corporation, Annual General Meeting, May 11, 2021 Trevali Mining Corporation, Annual General Meeting, May 11, 2021. Duyuru • Feb 27
Trevali Mining Corporation and Arrow Mineralsminerals Sign Binding Terms for Exploration Joint Venture in Burkina Faso Trevali Mining Corporation announced it has entered into a binding term that sets out the terms for an exploration joint venture with Arrow Minerals, wherein both parties will receive reciprocal exploration rights to their exploration permits in the highly prospective Boromo gold belt in Burkina Faso which is underexplored for base metals. The Term Sheet between the parties covers eight exploration licences –Kikio, Kordie, Pilimpikou, Semapoun, and Viveo, (100% Trevali portfolio); and Divole East, Divole West and Dyapya (100% Arrow portfolio). Subject to concluding a definitive agreement in respect of the joint venture and certain other conditions, the Term Sheet provides for Arrow to perform gold exploration over the Trevali permits and a reciprocal arrangement for Trevali to undertake base metals exploration on Arrow's permits. The area sits within the prolific Boromo Belt that hosts the Poura, Batie West and Bissa gold mines and Trevali's Perkoa mine along a highly favourable structural corridor. Within the 1,024 km2 combined permit package, known gold mineralization includes the Dassa, Divole East, Poa and Guido advanced gold prospects. The Term Sheet provides that the parties will enter into a definitive agreement in respect of the exploration joint venture, pursuant to which both Trevali and Arrow will be entitled to expand their exploration activities as follows: Trevali receives the right to explore on Arrow permits in return for a 51% interest in any base metals mineral resource defined on Arrow's exploration permits. Arrow receives the right to explore on Trevali permits in return for a 51% interest in any gold resource defined on Trevali's permits. If Trevali discovers gold on an Arrow permit, Arrow will reimburse Trevali an amount equal to two times Trevali's exploration costs and grant Trevali a 2% NSR royalty on gold when mined. If Arrow discovers base metals on a Trevali permit, Trevali will reimburse Arrow an amount equal to two times Arrow's exploration costs and grant Arrow a 2% NSR royalty on base metals when mined. Exploration data will be shared between Trevali and Arrow. Duyuru • Jan 20
Trevali Mining Corporation Appoints Jeane Hull to Its Board of Directors, Effective February 1, 2021 Trevali Mining Corporation announced the appointment of Jeane Hull to its Board of Directors, effective February 1, 2021. Jeane Hull has over 35 years of operational leadership and engineering experience, most notably holding the positions of Chief Operating Officer for Rio Tinto plc at the Kennecott Utah Copper Mine and Executive Vice President and Chief Technical Officer of Peabody Energy Corporation. Ms. Hull has also held numerous management engineering and operations positions with Rio Tinto and affiliates. Prior to joining Rio Tinto, she held positions with Mobil Mining and Minerals, and has additional engineering, environmental and regulatory affairs experience in the public and private sector. Duyuru • Jan 19
Trevali Mining Corporation to Report Q4, 2020 Results on Feb 25, 2021 Trevali Mining Corporation announced that they will report Q4, 2020 results Pre-Market on Feb 25, 2021 Duyuru • Jan 17
Trevali Mining Corporation to Restart Caribou Mine with Improved Economics Trevali Mining Corporation announced the planned restart of operations at its Caribou mine near Bathurst, New Brunswick. The mine has been on a care and maintenance program since March 2020. With the implementation of several operational and commercial enhancements, as well as improved zinc market conditions, the Company expects to return to mining in early February 2021, with first payable zinc production expected by the end of March 2021. Duyuru • Jan 16
Trevali to Restart Caribou Mine with Improved Economics Trevali Mining Corporation announced the planned restart of operations at its Caribou mine near Bathurst, New Brunswick. The mine has been on a care and maintenance program since March 2020. With the implementation of several operational and commercial enhancements, as well as improved zinc market conditions, the Company expects to return to mining in early February 2021, with first payable zinc production expected by the end of March 2021. Is New 90 Day High Low • Jan 07
New 90-day high: CA$0.23 The company is up 81% from its price of CA$0.13 on 08 October 2020. The Canadian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 7.0% over the same period. Duyuru • Dec 12
Trevali Mining Corporation Appoints Brendan Creaney as Chief Financial Officer Trevali Mining Corporation announced the appointment of Brendan Creaney as Chief Financial Officer. Brendan joined the company in August 2019 as Vice President, Investor Relations, and has served as Interim Chief Financial Officer since September 2020. Before joining Trevali, he held several finance roles with Goldcorp from 2012 to 2019 in such functions as Corporate Development, Business Planning. Studies and Projects, Capital Allocation, and Strategy. Brendan also held project finance roles at Barrick Gold Corporation and Novagold Resources. Duyuru • Dec 03
Trevali Mining Corporation has completed a Composite Units Offering in the amount of CAD 30.007 million. Trevali Mining Corporation has completed a Composite Units Offering in the amount of CAD 30.007 million.
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 119,591,304
Price\Range: CAD 0.185
Discount Per Security: CAD 0.010638
Security Name: Units
Security Type: Equity/Derivative Unit
Securities Offered: 42,608,696
Price\Range: CAD 0.185
Discount Per Security: CAD 0
Transaction Features: Regulation S; Rule 144A Is New 90 Day High Low • Nov 25
New 90-day high: CA$0.23 The company is up 61% from its price of CA$0.14 on 26 August 2020. The Canadian market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$0.30 per share. Is New 90 Day High Low • Nov 20
New 90-day high: CA$0.22 The company is up 52% from its price of CA$0.14 on 21 August 2020. The Canadian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$0.30 per share. Is New 90 Day High Low • Nov 19
New 90-day high: CA$0.20 The company is up 41% from its price of CA$0.14 on 20 August 2020. The Canadian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CA$0.28 per share. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS US$0.002 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: US$50.2m (down 42% from 3Q 2019). Net income: US$1.30m (up US$16.6m from 3Q 2019). Profit margin: 2.6% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 69% per year but the company’s share price has only fallen by 52% per year, which means it has not declined as severely as earnings. Duyuru • Sep 21
Trevali Mining Corporation(TSX:TV) dropped from S&P Global BMI Index Trevali Mining Corporation(TSX:TV) dropped from S&P Global BMI Index Duyuru • Jul 17
Trevali Mining Corporation to Begin the Safe Restart of Santander Trevali Mining Corporation announced 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 25, 2020 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 to COVID-19 and is currently in stable condition. All other workers that tested positive were asymptomatic or displayed very minor symptoms and have now completed their quarantine period. The restart of Santander is expected to take approximately two weeks to reach stable production levels. 