The Gold Report Examines How Trevali Is in Positio
Post# of 617763
SAN FRANCISCO, CA --(Marketwired - February 08, 2017) - Trevali Mining Corp. (
Company included in article: Trevali Mining Corp.
Trevali Mining announced on Feb. 1 that it is becoming an owner-operator at its Caribou zinc and is investing in a new mining fleet at the mine. The company stated that it "has committed to an approximately Cdn$20-million investment through a new partnership with Sandvik Mining to supply and maintain a full fleet of mining equipment for Caribou Mine operations. Trevali will operate and manage all aspects of the underground mining operation and Sandvik will be responsible and accountable for the maintenance of the fleet."
Analyst Joseph Gallucci of Dundee Capital Partners stated in a Feb. 1 research report that "moving to an owner-operator model is a positive move for TV... investing in their own fleet and moving away from contract mining should lead to cost savings at the mining operation." He also stated that replacing the current mining equipment "with new machinery and improved technology should lead to better operational efficiencies as well."
BMO Capital Markets initiated coverage on Trevali on Feb. 1, rating the company as an "Outperform." Analyst Alex Terentiew wrote, "Over the past seven years, Trevali has worked to put its Santander (H2/13) and Caribou (2015) mines into production, maintaining its objective of remaining a zinc-focused miner, providing investors with exposure to a rise in zinc prices that it expected to materialize... it was not until the H2/16 that zinc prices notably began to improve, positioning current shareholders to participate in a significant rise in cash flow."
Continue reading this interview: Trevali Is in Position to Benefit from Strong Zinc Fundamentals
About Streetwise Reports / The Gold Report
Investors rely on The Gold Report to share investment ideas for the precious, base and critical metals sector. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
DISCLOSURE:
The following companies mentioned in this article are sponsors of Streetwise Reports: Trevali Mining Corp. Streetwise Reports does not accept stock in exchange for its services.
The full disclosure is provided at the end of the published article: Trevali Is in Position to Benefit from Strong Zinc Fundamentals
For more information, please contact Melissa Farley Associate Publisher Email contact