Nov. 24, 2014, 3:57 PM
- Trevali Mining (OTCQX:TREVF +2.1%) CEO Mark Cruise predicts zinc will extend its bull run as the company reopens a mine in New Brunswick to more than double output.
- Trevali, which gets ~60% of its revenue from zinc, is seeking to boost production to 5K metric tons/day of ore by 2016 from 2K/day now, Cruise says, while a decrease in output next year from China, the world’s largest producer, would cut world supplies 10% as demand increases 5%.
- Trevali’s New Brunswick mine closed in 2008 due to depressed commodity prices amid the global financial crisis; commissioning of the mine, whose mill will be able to process 3K tons/day, will begin in Q2 2015.
TREVF vs. ETF Alternatives
Trevali is a zinc-focused base metals development company with operations in Canada and Peru ? the Halfmile and Santander mines respectively. In Canada, Trevali owns the Halfmile zinc-lead-silver mine, the Caribou Mine and Mill, and Stratmat polymetallic deposit all located in the Bathurst... More
Other News & PR