Topic: How To Invest

Pat: What is your opinion on Trevali Mining? Thanks.

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Trevali Mining, $0.96, symbol TV on Toronto (Shares outstanding: 316.9 million; Market cap: $282.1 million; www.trevali.com), is a zinc-focused base-metal miner with one producing operation in Peru and another being commissioned in Canada. The company’s Santander mine in Peru produces zinc and lead-silver concentrates; ihttps://www.tsinetwork.ca/?p=77646&preview=truen the three months ended March 31, 2015, Santander produced and sold 11.8 million pounds of zinc, 7.3 million pounds of lead and 244,000 ounces of silver. That generated $25.9 million of revenue and cash flow of $3.2 million, or $0.011 a share. Meanwhile, Trevali is now starting production at its Caribou zinc-lead-silver mine and 3,000-tonne-per-day mill, located in northern New Brunswick’s Bathurst Mining Camp. It hopes to eventually bring its nearby Halfmile-Stratmat deposit into production and process that ore at the Caribou mill, as well. The company just raised $30.6 million by issuing new shares at $1.02 apiece. It will use the funds to accelerate Caribou’s start-up and pay for a 10,000-metre drill program to increase the mine’s…