After a strong 2017, even bigger things are expected from the zinc-lead-silver mine
Trevali Mining Corporation is bullish about its business heading into 2018, and its Caribou zinc-lead-silver mine in Bathurst, New Brunswick is a big reason why.
The Vancouver-based miner’s enthusiasm comes after a 2017 that Trevali president and CEO Mark Cruise calls “transformative.” The company achieved record zinc and lead production last year—177.4 and 45.8 million payable pounds, respectively—and acquired significant interests in two African zinc mines. In August of 2017, Trevali completed a US$417.8 million deal to acquire an 80 per cent interest in the Rosh Pinah mine in Namibia, and a 90 per cent interest in the Perkoa mine in Burkina Faso from Glencore PLC.
“These new assets have contributed significantly to Trevali’s production profile, leading to record quarterly and annual production, and we anticipate additional improvements through an ongoing focus on operational excellence in 2018,” Cruise said in a January 15 press release.
Production improved significantly at the Caribou mine in 2017. Trevali churned out 79.9 million payable pounds of zinc, 30.9 million payable pounds of lead and 890,300 ounces of payable silver in 2017 compared to 36.7 million payable pounds of zinc, 13.8 million payable pounds of lead and 402,100 payable ounces of silver in 2016.
The company’s production guidance for 2018 envisions the Caribou mine producing even more zinc and lead. The company is forecasting its 2018 production at the mine to include 86- 90 million payable pounds of zinc, 27.1-28.4 million payable pounds of lead and 627,000-658,000 ounces of payable silver.
Since the mine started commercial production in mid-2016, Trevali says it’s been able to improve its yield from the Caribou mine. The continued increase in production at Caribou will come “as improvements are made to the power infrastructure, control systems, mining conversion, ground control management and ventilation,” the company said in the January release.
The Caribou mine is located approximately 50 kilometres west of Bathurst and includes an underground mine, a 3,000 tonne per day processing mill, flotation recovery plant, metallurgical and geochemical laboratories and a tailings management facility.