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Stocks in play: Trevali Mining Corporation

Baystreet.ca
·1 min read

Announced the temporary suspension of operating activities at its Caribou mine near Bathurst, New Brunswick. The global zinc market has deteriorated, and this has been exacerbated by the continued challenges presented by COVID-19. These market conditions, combined with high concentrate treatment charges, make mine operations at Caribou uneconomic at this time. The mine will be put on a care and maintenance program immediately to preserve the value of the mineral resource and mine assets. No timeline for a potential restart of operations has been defined. Trevali’s operations centre in Bathurst, which serves the Company’s global mine portfolio, will continue to operate. Trevali Mining Corporation shares T.TV are trading unchanged at $0.09.

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