Trevali Mining Appoints Jessica McDonald as Chair of the Board
March 13 2019 - 8:30AM
Trevali Mining Corporate (“Trevali” or the “Company”)
(TSX:TV; BVL: TV; OTCQX: TREVF; Frankfurt: 4TI) today
announced the appointment of Jessica McDonald as Chair of the Board
of Directors.
An independent Director of Trevali since 2017,
Ms. McDonald has extensive leadership experience including roles as
both a Board Chair and Chief Executive Officer at large and complex
organizations. “Trevali is setting a foundation for strong
and steady performance and it is a privilege to serve as Chair as
we pursue the opportunities we see ahead,” said Ms. McDonald. “Over
the last year we have significantly strengthened our corporate and
operational teams, and they are actively implementing cost and
operational optimization initiatives aimed at enhancing the value
of our diversified asset base. We have clear visibility into our
opportunities, and the Board is focused on responsible capital
allocation and enhancing value for shareholders. With a strong
balance sheet, an active exploration portfolio and available
organic growth opportunities, we are very enthusiastic about the
future of our company.”
Ms. McDonald’s appointment as Chair will ensure
continued focus, stability and strong governance of Trevali. She
has a track record of success leading organizations with diverse
operational and business units. In December 2017 she was appointed
Chair of the Board of the Canada Post Group of Companies, which
includes a majority shareholding of Purolator Courier, and
subsidiaries Innovapost and SCI Logistics. She assumed the
additional role of interim Chief Executive Officer of Canada Post
from March 2018 to March 2019 in order to steward the organization
as it confronted a number of organizational, financial and
strategic challenges.
Previously she served as Chief Executive Officer
of BC Hydro, a clean energy utility with more than $5.5 billion in
annual revenues. In addition to her role as Chair of Canada Post,
Ms. McDonald is a director of Coeur Mining, Hydro One, and the
Board of Trade of Greater Vancouver. She has significant experience
in Government including as Deputy Minister to the Premier, and Head
of the Public Service, of British Columbia. She is certified by the
Institute of Corporate Directors.
A priority focus of Trevali’s Board is to
finalize the selection of a new CEO. The process is being led by
the Transition Oversight Committee of Trevali’s Board, which has
engaged a leading international search firm to assist in
identifying candidates with a track record of value creation and
disciplined operational performance overseeing asset portfolios
across diverse cultures and jurisdictions.
ABOUT TREVALI MINING
CORPORATIONTrevali is a zinc-focused, base metals company
with four mines: the 90% owned Perkoa mine in Burkina Faso, the 90%
owned Rosh Pinah mine in Namibia, the wholly-owned Caribou mine in
the Bathurst Mining Camp of northern New Brunswick in Canada, and
the wholly-owned Santander mine in Peru.
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 ofTREVALI MINING
CORPORATION“Mark D. Cruise” (signed)Mark D. Cruise,
President and CEO
Contact Information:Steve Stakiw, Vice
President - Investor Relations and Corporate CommunicationsEmail:
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 the 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 the
identification and appointment of a new Chief Executive Officer,
the role and activities of the Transition Oversight Committee of
the Board during the transition process, the Company’s growth,
exploration and capital allocation strategies, and planned cost and
operational optimization activities.
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 the ability to attract suitable executive and
board leadership, the ability to grow the assets and operations of
the Company, 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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