Trevali Mining Corp.

Trevali is a zinc-focused, base metals mining company with two commercially producing operations. The Company is actively producing zinc and lead-silver concentrates from its 2,000-tonne-per-day Santander mine in Peru and its 3,000-tonne-per-day Caribou mine in the Bathurst Mining Camp of northern New Brunswick. Trevali also owns the Halfmile and Stratmat base metal deposits, located in New Brunswick, that are currently undergoing a Preliminary Economic Assessment reviewing their potential development.

Expert Comments:

Trevali Mining has added a portfolio of zinc assets to its already impressive resource list with the purchase of Glencore's producing Rosh Pinah and Perkoa zinc mines.
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Peter Arendas, Seeking Alpha (3/16/17)
"Trevali Mining Corp. shocked the market when it announced an acquisition of two zinc mines from Glencore. The transaction is worth more than $400M, which is more than Trevali's market capitalization. . .the company will not only double its annual production, it should also more than double its expected cash flow."

Stefan Ioannou, Cormark Securities (3/13/17)
"With zinc production from two established mines expected to ramp up to 200 MMlb per annum by 2020, we believe Trevali Mining Corp. is poised to become a (the) marquee ‘pure-play’ zinc producer in a market facing a significant near-to medium-term supply issue. . .Hence, we would not be surprised to see the Company garner a premium market valuation on the back of higher zinc pricing/improving sentiment(also noting a relative lack of other zinc-focused equity investment options). . .we believe Trevali should be considered as a core position underpinning any investment strategy looking for zinc exposure. . .recommendation BUY with a target price of $1.85."

Jeff Woolley, Paradigm Capital (3/13/17)
"With Trevali Mining Corp.'s Santander mine generating positive cash flow and its second mine, Caribou, now commercial, the growth story is coming together for Trevali. . .Caribou more than doubles Trevali's production profile and the successful start-up materially derisks the company. . .Cash on hand has increased to $15M, and net debt declined 15% to $97M. . .Trevali remains our most leveraged name to benefit from the improving zinc and lead pricing environment and a Top Pick for those seeking financial exposure to these commodities. We maintain our $1.70 target price (based on a 1.25x NAV multiple)and Buy recommendation."

Ian Parkinson, GMP Securities (3/10/17)
"Trevali Mining Corp.'s Caribou is ramping up well. The operation declared commercial production only two quarters ago and has seen material improvements in throughput, which is now close to nameplate capacity and lead recoveries. . .we are particularly impressed by the strong start at Caribou and see 2017 as a year of growth for the company."

Jeff Woolley, Paradigm Capital (3/7/17)
"Trevali Mining Corp. announced an updated resource calculation for the Santander mine in Peru; the update is in line with our expectations. . .the new consolidated resource at the Magistral deposits (the current location of all mining activity) is 3.6 Mt Measured and Indicated resources, grading 4.9% zinc, 0.8% lead and 38 g/t gold, or ~5.6% zinc equivalent."

Stefan Ioannou, Cormark Securities (3/1/17)
"We believe Trevali Mining Corp., with zinc production from two established mines expected to ramp up to ~200 Mlb/year by ~2020, is poised to become a (the) marquee 'pure play' zinc producer in a market facing a significant near- to medium-term supply issue. . .the company's project portfolio offers medium-term organic growth potential in Peru and New Brunswick. A well-(re)positioned balance sheet and strong near-term free cash flow profile stand to support this growth."

Trevali Mining's drill program at Santander in Peru continues to add resources to the project, leading to a potential doubling of the mine's zinc output and further benefiting from a rising zinc price.
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Trevali Mining is transitioning to an owner-operator model at its Caribou zinc mine in New Brunswick, Canada, and analysts note that the company is positioned to take advantage of strong zinc fundamentals.
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More Expert Comments

Experts Following This Company

Paul Beattie – BT Global Growth
David Davidson – Paradigm Capital
Joseph Gallucci, Senior Mining Research Analyst – Dundee Capital Markets
Stefan Ioannou, Mining Analyst – Haywood Securities
Ian Parkinson, Director of Equity Research, Mining – GMP Securities
Gwen Preston, Founder Resource Maven
Trish Saywell The Northern Miner
Alex Terentiew, Mining Analyst – Raymond James
Pierre Vaillancourt, Analyst – Laurentian Bank Securities
Jeff Woolley – Paradigm Capital
Orest Wowkodaw, Research Analyst, Metals and Mining – Canaccord Genuity

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
One producing zinc-lead-silver mine in Peru and a second mine in Canada coming online in 2015.
All of the mine resources remain open with significant new discoveries.
The only primary zinc producer on the TSX, poised to benefit from forecast zinc shortages.