Trevali Mining Corporation (“Trevali” or the
“Company”)
(TSX: TV, OTCQX: TREVF, Frankfurt: 4TI)
announces that operations at the Santander Mine in Peru have been
temporarily halted as a result of an illegal blockade. Main road
access was temporarily blocked by a small group of community
members and other persons not affiliated with the Santander Mine,
and the Company was unable to complete a scheduled delivery of
supplies. The protesters allege that Trevali has failed to satisfy
its community investment obligations under its agreement with the
Santa Cruz de Andamarca community.
The Company has complied with all of its
contractual obligations to the community and fully cooperated with
government departments and other authorities regarding the
blockade, which has now been lifted. Necessary supplies are now
being delivered to the mine and full production is expected to
resume within the week. The Company expects that production and
sales for the quarter will be negatively impacted; however, the
Company remains on track to achieve 2018 zinc production guidance
at Santander. The Santander senior management team is proactively
engaging with the local community and is in ongoing consultation
with elected community leaders to discuss their concerns and ensure
that mine operations continue without further interruption.
“It is unfortunate that a small group of
individuals chose to act in this manner instead of through open
dialogue,” said Mark Cruise, President & CEO of Trevali. “We
have enjoyed tremendous support from the local communities at
Santander over the years and will continue to work diligently with
the community to strengthen our commitment to a mutually beneficial
relationship.”
ABOUT TREVALI MINING
CORPORATION Trevali is a zinc-focused, base metals
company with four mines: the wholly-owned Santander mine in Peru,
the wholly-owned Caribou mine in the Bathurst Mining Camp of
northern New Brunswick, the 90% owned Rosh Pinah mine in Namibia
and the 90% owned Perkoa mine in Burkina Faso.
The 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). For further
details on Trevali, readers are referred to the Company’s website
(www.trevali.com) and to Canadian regulatory filings on SEDAR at
www.sedar.com.
On Behalf of the Board of Directors
of TREVALI MINING CORPORATION “Mark D.
Cruise” (signed) Mark D. Cruise, President
Contact Information: Steve
Stakiw, Vice President - Investor Relations and Corporate
Communications Email: sstakiw@trevali.com Phone: (604)
488-1661 / Direct: (604) 638-5623
Cautionary Note Regarding
Forward-Looking StatementsThis news release contains
“forward-looking information” within the meaning of Canadian
securities legislation and “forward-looking statements” within the
meaning of Section 27A of the United States Securities Act of 1933,
as amended, Section 21E of the United States Exchange Act of 1934,
as amended, the United States Private Securities Litigation Reform
Act of 1995, or in releases made by the United States Securities
and Exchange Commission, all as may be amended from time.
Statements containing forward-looking information express, as at
the date of this news release, the Company’s plans, estimates,
forecasts, projections, expectations, or beliefs as to future
events or results. Such forward-looking statements and information
include, but are not limited to, statements relating to discussions
with community leaders and the lifting of the blockade, the ability
of the Company to resupply the Santander Mine in a timely manner,
the timing of resumption of normal operations at the Santander
Mine, and the impact of the blockade on production levels and the
ability of the Company to achieve its annual production
guidance.
These statements reflect the Company’s current
views with respect to future events and are necessarily based upon
a number of assumptions and estimates that, while considered
reasonable by the Company, are inherently subject to significant
business, economic, competitive, political and social uncertainties
and contingencies. If any assumptions are untrue, it could cause
actual results, performance or achievements to be materially
different from future results, performance or achievements
expressed or implied by such statements. Assumptions have been made
regarding, among other things, present and future business
strategies and the environment in which the Company will operate in
the future, including commodity prices, anticipated costs and
ability to achieve goals.
Forward-looking statements are subject to known
and unknown risks, uncertainties and other important factors that
may cause the Company’s actual results, level of activity,
performance or achievements to be materially different from those
expressed or implied by such forward-looking statements, including
but not limited to: risks related to joint venture operations;
fluctuations in spot and forward markets for silver, zinc, base
metals and certain other commodities (such as natural gas, fuel oil
and electricity); fluctuations in currency markets; risks related
to the technological and operational nature of the Company’s
business; changes in national and local government, legislation,
taxation, controls or regulations and political or economic
developments in Canada, the United States, Peru, Namibia, Burkina
Faso, or other countries where the Company may carry on business in
the future; risks and hazards associated with the business of
mineral exploration, development and mining (including
environmental hazards, industrial accidents, unusual or unexpected
geological or structural formations, pressures, cave-ins and
flooding); risks relating to the credit worthiness or financial
condition of suppliers, refiners and other parties with whom the
Company does business; inadequate insurance, or inability to obtain
insurance, to cover these risks and hazards; employee relations;
relationships with and claims by local communities and indigenous
populations; availability and increasing costs associated with
mining inputs and labour; the speculative nature of mineral
exploration and development, including the risks of obtaining
necessary licenses and permits and the presence of laws and
regulations that may impose restrictions on mining; diminishing
quantities or grades of mineral resources as properties are mined;
global financial conditions; business opportunities that may be
presented to, or pursued by, the Company; the Company’s ability to
complete and successfully integrate acquisitions and to mitigate
other business combination risks; challenges to, or difficulty in
maintaining, the Company’s title to properties and continued
ownership thereof; the actual results of current exploration
activities, conclusions of economic evaluations, and changes in
project parameters to deal with unanticipated economic or other
factors; increased competition in the mining industry for
properties, equipment, qualified personnel, and their costs, as
well as other risks as more fully described in the Company’s annual
information form for the year ended December 31, 2017, which is
available on the Company’s website (www.trevali.com) and filed
under our profile on SEDAR (www.sedar.com). Investors are cautioned
against attributing undue certainty or reliance on forward-looking
statements. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially, there may be other factors that cause results not to be
as anticipated, estimated, described or intended. The Company does
not intend, and does not assume any obligation, to update these
forward-looking statements or information to reflect changes in
assumptions or changes in circumstances or any other events
affecting such statements or information, other than as required by
applicable law.
Source: Trevali Mining Corporation
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