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Trevali reports FY'16 guidance for Santander zinc-lead-silver mine

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Trevali reports FY'16 guidance for Santander zinc-lead-silver mine

Trevali MiningCorp. said March 30 that it aims to produce between 52 million and 55million pounds of zinc in concentrate grading about 50% zinc at its mine in Peru, as wellas 22 million to 25 million pounds of lead in concentrate grading between 56% and58% lead.

Santander is also expected to produce between 800,000 ouncesand 1 million ounces of silver in 2016. Total cash costs at the mine are expectedto range between US$40 per tonne and US$43 per tonne.

Trevali plans to drill approximately 3,000 meters undergroundin the first half of the year, with the aim of converting inferred tonnes to a higherconfidence category and follow up on 2015 exploration. Additional drilling may occur,based on results. Drilling will define and potentially expand the Rosa and Fatimalead-silver-zinc zones, as well as the Magristral zone. These zones remain openat depth.

Trevali will also focus on the ongoing commission of its zinc mine and millin New Brunswick, with commercial production expected in mid-2016.