TREVALI MNG CORP COM NPV (OTCMKTS:TREVF) is a stock to watch. Shares of TREVF have blasted higher in recent action despite general weakness from industrial and precious metals futures prices. That’s always a very important sign, and has helped us consistently locate strong mining outfits ahead of the crowd.
The company recently released results from its 2016-2017 resource definition drill program on its Halfmile deposit in the Bathurst Mining Camp of northeastern New Brunswick. According to the release, the program was designed to validate historic data as well as to expand and improve upon the existing geological model. Trevali completed 28 holes (15,175 metres) testing a variety of targets within and around the Upper and Lower Zones of the Halfmile deposit that remains open for expansion. We will get into some of the details below. But, for those not familiar with this name, here is a brief and general overview.
TREVALI MNG CORP COM NPV (OTCMKTS:TREVF) frames itself as a zinc-focused, base metals mining company with one producing operation in Peru and another currently undergoing commissioning in Canada. In Peru, the Company is actively producing zinc and lead-silver concentrates from its 2,000-tonne-per-day Santander mine.
In Canada, Trevali owns the Caribou mine and mill, Halfmile mine and Stratmat deposit all located in the Bathurst Mining Camp of northern New Brunswick. The Company has commissioned its 3,000-tonne-per-day Caribou mine. All of the Company’s deposits remain open for expansion.
According to company materials, “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. Additionally, the Company has entered into a definitive agreement with Glencore PLC to acquire a portfolio of zinc assets from Glencore, including an 80.08% interest in the Rosh Pinah mine in Namibia, a 90% interest in the Perkoa mine in Burkina Faso, an effective 39.24% interest in the Gergarub project in Namibia, an option to acquire 100% interest in the Heath Steele property in Canada and certain related exploration properties and assets. The common shares of Trevali are listed on the TSX (symbol TV), the OTCQX (symbol TREVF), the Lima Stock Exchange (symbol TV), and the Frankfurt Exchange (symbol 4TI).”
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As noted above, the company just released results from its 2016-2017 resource definition drill program on its Halfmile deposit in the Bathurst Mining Camp of northeastern New Brunswick.
According to the company’s release, in general, results from the 2016-2017 drilling campaign corroborates the historic drilling completed on the project. As noted by management, the Halfmile deposit has a currently defined Indicated Resource of 6.26 million tonnes grading 8.13% Zn, 2.58% Pb, 0.22% Cu, and 30.8 g/t Ag, and an additional Inferred Resource of 6.08 million tonnes at 6.69% Zn, 1.83% Pb, 0.14% Cu and 20.5 g/t Ag. The 2016-17 Halfmile drill program was initiated with a variety of goals:
“This latest drilling dramatically increases Trevali’s confidence in the resource model and provides further information about precious metal values in the Upper and Lower Zones as previous drill programs did not consistently analyze for silver or gold. The recent drilling has also facilitated an improved understanding of the local geology and thus allowed for a more realistic model of mineralization that will ultimately facilitate future engineering studies.”
We’ve witnessed 37% added to share values of the listing over the past month of action. Market participants may want to pay attention to this stock. TREVF is a stock who’s past is littered with sudden rips. Moreover, the name has benefitted from a jump in recent trading volume to the tune of above 180% above the average volume levels in play in this stock over the longer term.
Now commanding a market cap of $428.5M, TREVF has a significant war chest ($31.7M) of cash on the books, which must be weighed relative to about $47.1M in total current liabilities. One should also note that debt has been growing over recent quarters. TREVF is pulling in trailing 12-month revenues of $244.8M. In addition, the company is seeing major top line growth, with y/y quarterly revenues growing at 208.1%. We will update the story again soon as developments transpire. For continuing coverage on shares of $TREVF stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: we hold no position in $TREVF, either long or short, and we have not been compensated for this article.