Trevali Mining Corp. (TSX:TV, Stock Forum) released preliminary production results today for Q2 2014 of an estimated 12.0 million payable pounds of zinc, 4.4 million payable pounds of lead and 187,000 payable pounds of silver from the Santander Mine located in Peru.
According to the news release, the company reported average recoveries during the quarter of 88% for zinc, 84% for lead and 70% for silver with throughput of 175,384 tonnes at the 2000-tonne-per-day-rated Santander processing complex.
The company went on to explain the decrease in metal production compared to Q1 2014 was attributed mainly to the modifications and optimization of underground production workings and mine plan within the Magistral North Deposit.
However, the company remains on track to meet its 2014 production guidance at Santander which projects approximately 670,000 to 690,000 tonnes of mill throughput with average head grades estimated at 4.0% to 4.2% zinc, 1.5% to 1.7% lead and 1.4 oz/ton to 1.6 oz/ton silver to produce, in payable metals, 42-45 million pounds zinc, 15-17 million pounds lead, and 700,000 to 720,000 ounces silver.
Financial results from the quarter will be released in a conference call and audio webcast at 10:30 am EST on Friday, August 15, 2014.
Trevali was in the news recently when the company announced the sale of a non-core asset for US$13.5 million 12 days ago.
Currently there are 279.5m outstanding shares with a market cap of $321.4 million.
FULL DISCLOSURE: Trevali Mining is a Stockhouse Publishing client.