By Thusday afternoon, Trevali's stock had dropped 10%.
Trevali Mining Mining News
Upon knowledge of the accident all underground operations were suspended and authorities were notified.
Trevali will provide aCDN$7.5 million in funding to Puma in order for them to finalize the 100% acquisition of the Murray Brook Deposit.
Acquisition makes of the Canadian miner one of the few multi-asset, low-cost global zinc producers.
The deal, worth about $400 million, will make Trevali the first pure zinc producer with operations in North and South America as well as Africa.
The $400 million-deal will make of Trevali the first pure zinc company with operations in North and South America as well as Africa.
Sandvik Mining will supply and maintain a full fleet of mining equipment for Caribou Mine operations.
Trevali Mining jumped more than 4% Monday after it announced the discovery of a new high-grade zinc-lead-silver mineralization at its Santander mine, located in Peru.
Trevali stock is up 44% in two weeks as Canadian mine enters commercial production and record output at flagship Peru operation is topped by high-grade find.
New multi-lens zone at Stratmat deposit, part of the Vancouver-junior's past-producing zinc-lead-copper-silver-gold project in the Bathurst mining camp.
Restart of past-producing zinc-lead-copper-silver-gold mine in New Brunswick now set for second quarter next year.
Trevali signs term-sheet with WestLB for up to US$30,000,000 debt facility for Santander zinc-lead-silver mine development in Peru
Trevali Mining Corporation ("Trevali" or the "Company")(TSX:TV)(OTCQX:TREVF) announces that it has signed an engagement letter and indicative term-sheet with WestLB AG, New York Branch ("WestLB") for a potential secured term loan of up to US$30,000,000 […]