Trevali Mining Corporation (“Trevali” or the
“Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) is
pleased to announce that its Board of Directors has appointed Ricus
Grimbeek as President & Chief Executive Officer.
“We are thrilled to welcome Ricus Grimbeek as
Trevali’s President and CEO,” said Jessica McDonald, Chair of the
Board. “Ricus brings extensive global experience to Trevali, both
as a corporate executive and as a mine operator, and has a proven
track record of operating safe and efficient businesses with a
focus on asset optimization and strong cost performance. He
combines deep knowledge of mining processes and technology, and
decades of hands-on global mining experience, with a progressive
approach to mining that places a high priority on safety,
sustainability and responsibility. The Board is confident that
Ricus is the right leader to unite our assets with a common focus
on operational optimization to efficiently grow production and
enhance value for all stakeholders.”
“With its portfolio of producing assets and
talented team, Trevali is extremely well-positioned for success. I
am delighted to join this exciting company and lead it to its full
potential,” said Mr. Grimbeek.
Mr. Grimbeek will assume his responsibilities on
April 23, 2019. At that time, as previously announced, Dr. Mark
Cruise will step down as President and CEO.
Added Ms. McDonald: “We are pleased this
transition has been accomplished so smoothly and in a timely
manner. We have every confidence Trevali’s positive momentum in
2019 will continue to build into the future under the leadership of
our newly-appointed President and CEO.”
Ricus Grimbeek is a mining engineer with nearly
three decades of progressive experience in the resource sector,
with a proven track record working at all levels of the business.
An experienced mining executive, before joining Trevali he was
Chief Operating Officer of Vale Base Metals North Atlantic where he
held responsibility for the overall operating and financial
performance of 16 mining and refining operations in four countries.
Previously, he was President and COO of South32 Australia,
overseeing six operations in Australia and Colombia. Mr.
Grimbeek has also served as Asset President of Aluminium Australia,
Head of Group HSEC for BHP Billiton, President and COO of BHP
Billiton’s Ekati Diamond Mine, Executive Vice President Mining and
Concentrating for Lonmin Platinum.
Mr. Grimbeek holds a Bachelor of Engineering
(Mining) from the University of Pretoria, has completed the
Management Development Program from the University of Orange Free
State, and holds an Advanced Certificate in Mine Ventilation from
the Chamber of Mines.
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“Jessica McDonald” (signed)Jessica McDonald,
Chair
Contact Information:Steve Stakiw, Vice
President - Investor Relations and Corporate CommunicationsEmail:
sstakiw@trevali.comPhone: (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
transition to a new President and Chief Executive Officer and the
Company’s optimization, growth, and value enhancement
strategies.
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.
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 those risks described in the Company’s annual
information form for the year ended December 31, 2018, 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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