Articles Tagged "TSX:TV"

SNL Report Shows Global Mine Financing Down in Q1 2015

It's no secret that the past few years have been challenging for the entire mining industry. It's thus unsurprising that financing was down in Q1 2015 compared to the same period in 2013 and 2014.

Trevali Bought-Deal Financing Increased to $30 Million

Zinc – Trevali Mining Corp. (TSX:TV,OTCQX:TREVF,FWB:4TI) amended its previous agreement with Dundee Securities Ltd. on behalf of a syndicate of underwriters. The Underwriters will now purchase, 30,000,000 common shares of Trevali for gross proceeds of $30,600,000 by way of short form prospectus. The option to purchase an additional 15% of the offering has been granted to the Underwriters. The offering is expected to close on or about June 11, 2015.

Trevali Releases Updated Resource Estimate for Stratmat Deposit

Lead – Trevali Mining Corp. (TSX:TV,OTCQX:TREVF,FWB:4TI) announced an updated resource estimate for its Stratmat Deposit in New Brunswick: Indicated resource of 4.7 million tonnes grading 5.31% zinc, 2.07% lead, 0.41% copper, 48.52 g/t silver and 0.59 g/t gold, and an Inferred resource of 2.40 million tonnes grading 4.76% zinc, 2.07% lead, 0.70% copper, 38.82 g/t silver and 0.42 g/t gold; using a 5% ZnEq cutoff. According to CEO Dr. Mark Cruise, "The resource estimate has successfully increased the Companies confidence in the Stratmat deposit and added significant new tonnage, all very important for the next phase as Trevali advances its growth plans for the Bathurst Mining Camp."

Trevali Announces Caribou Mine Mill Commissioning

Silver – Trevali Mining Corp. (TSX:TV,OTCQX:TREVF,FWB:4TI) announced that mill commissioning has begun at its Caribou Zinc Mine in New Brunswick. Initial commissioning will begin with low-grade material as the operators bring the grinding and flotation circuits up to specification. Once sufficient operational data is obtained, tentatively shceduled around July-August, Trevali will begin to mobilize its senior metallurgical consultant to site to provide additional technical and metallurgical support capacity. Dewatering at the mill is ongoing and continues to progress following a heavy Spring melt.