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Also traded in: Argentina, Germany, Mexico, USA

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash-to-Debt No Debt
TV's Cash-to-Debt is ranked higher than
100% of the 429 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.52 vs. TV: No Debt )
Ranked among companies with meaningful Cash-to-Debt only.
TV' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.14  Med: 0.6 Max: No Debt
Current: No Debt
Equity-to-Asset 0.27
TV's Equity-to-Asset is ranked lower than
80% of the 413 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 0.54 vs. TV: 0.27 )
Ranked among companies with meaningful Equity-to-Asset only.
TV' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.27  Med: 0.36 Max: 0.47
Current: 0.27
0.27
0.47
Interest Coverage 1.71
TV's Interest Coverage is ranked lower than
89% of the 339 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 24.16 vs. TV: 1.71 )
Ranked among companies with meaningful Interest Coverage only.
TV' s Interest Coverage Range Over the Past 10 Years
Min: 1.71  Med: 4.03 Max: 6.65
Current: 1.71
1.71
6.65
Piotroski F-Score: 5
Altman Z-Score: 1.89
Beneish M-Score: -0.14
WACC vs ROIC
13.08%
7.90%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating Margin % 17.24
TV's Operating Margin % is ranked higher than
73% of the 420 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 6.68 vs. TV: 17.24 )
Ranked among companies with meaningful Operating Margin % only.
TV' s Operating Margin % Range Over the Past 10 Years
Min: 17.24  Med: 26.09 Max: 34.84
Current: 17.24
17.24
34.84
Net Margin % 3.86
TV's Net Margin % is ranked higher than
51% of the 421 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 3.81 vs. TV: 3.86 )
Ranked among companies with meaningful Net Margin % only.
TV' s Net Margin % Range Over the Past 10 Years
Min: 3.86  Med: 11.93 Max: 19.45
Current: 3.86
3.86
19.45
ROE % 4.39
TV's ROE % is ranked higher than
50% of the 398 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 4.34 vs. TV: 4.39 )
Ranked among companies with meaningful ROE % only.
TV' s ROE % Range Over the Past 10 Years
Min: 4.39  Med: 14.38 Max: 22.02
Current: 4.39
4.39
22.02
ROA % 1.28
TV's ROA % is ranked lower than
55% of the 430 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.03 vs. TV: 1.28 )
Ranked among companies with meaningful ROA % only.
TV' s ROA % Range Over the Past 10 Years
Min: 1.27  Med: 4.71 Max: 8.74
Current: 1.28
1.27
8.74
ROC (Joel Greenblatt) % 22.03
TV's ROC (Joel Greenblatt) % is ranked higher than
56% of the 421 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 15.88 vs. TV: 22.03 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
TV' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 20.51  Med: 39.42 Max: 61.98
Current: 22.03
20.51
61.98
3-Year Revenue Growth Rate 11.70
TV's 3-Year Revenue Growth Rate is ranked higher than
79% of the 342 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.30 vs. TV: 11.70 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
TV' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -50.8  Med: 10.2 Max: 137.4
Current: 11.7
-50.8
137.4
3-Year EBITDA Growth Rate 8.00
TV's 3-Year EBITDA Growth Rate is ranked higher than
58% of the 287 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 4.80 vs. TV: 8.00 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
TV' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -52.3  Med: 8.3 Max: 124.8
Current: 8
-52.3
124.8
3-Year EPS without NRI Growth Rate -19.90
TV's 3-Year EPS without NRI Growth Rate is ranked lower than
75% of the 254 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 4.10 vs. TV: -19.90 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
TV' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -28.2  Med: 0 Max: 77.4
Current: -19.9
-28.2
77.4
GuruFocus has detected 4 Warning Signs with Grupo Televisa SAB $TV.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» TV's 10-Y Financials

Financials (Next Earnings Date: 2017-07-05 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q2 2016

TV Guru Trades in Q2 2016

Paul Tudor Jones 17,053 sh (New)
David Herro 14,378,000 sh (+14.00%)
Ken Fisher 4,469,670 sh (+13.34%)
First Eagle Investment 34,611,083 sh (+0.81%)
Dodge & Cox 27,625,692 sh (+0.04%)
Bill Gates 16,879,104 sh (unchged)
Chris Davis 485,488 sh (-0.27%)
Mario Gabelli 2,176,622 sh (-1.57%)
Jim Simons 691,400 sh (-39.22%)
Jeremy Grantham 734,000 sh (-52.67%)
» More
Q3 2016

TV Guru Trades in Q3 2016

Steve Mandel 18,077,811 sh (New)
Ken Fisher 6,323,185 sh (+41.47%)
David Herro 17,577,000 sh (+22.25%)
Jeremy Grantham 889,200 sh (+21.14%)
Dodge & Cox 32,906,392 sh (+19.12%)
First Eagle Investment 35,212,555 sh (+1.74%)
Bill Gates 16,879,104 sh (unchged)
Paul Tudor Jones Sold Out
Mario Gabelli 2,085,967 sh (-4.16%)
Chris Davis 160,155 sh (-67.01%)
Jim Simons 179,100 sh (-74.10%)
» More
Q4 2016

TV Guru Trades in Q4 2016

Chris Davis 1,029,261 sh (+542.67%)
Ken Fisher 10,343,900 sh (+63.59%)
David Herro 21,641,000 sh (+23.12%)
Dodge & Cox 36,470,992 sh (+10.83%)
First Eagle Investment 36,832,783 sh (+4.60%)
Mario Gabelli 2,087,412 sh (+0.07%)
Bill Gates 16,879,104 sh (unchged)
Jeremy Grantham Sold Out
Jim Simons Sold Out
Steve Mandel 13,533,097 sh (-25.14%)
» More
Q1 2017

TV Guru Trades in Q1 2017

Ken Fisher 10,430,858 sh (+0.84%)
» More
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Business Description

Industry: Entertainment » Broadcasting - TV    NAICS: 515120 
Compare:OTCPK:SGBAF, OTCPK:VIVHY, OTCPK:RGLXY, NAS:SNI, OTCPK:PBSFY, OTCPK:ITVPF, NAS:NWSA, OTCPK:FWONB, NYSE:TGNA, OTCPK:GETVF, NAS:SBGI, NAS:NXST, NYSE:TRCO, OTCPK:MTVAF, NYSE:MEG, NYSE:SSP, OTCPK:SKPJF, OTCPK:TVBCF, NYSE:GTN.A, NYSE:EVC » details
Traded in other countries:TV.Argentina, TLV.Germany, TLEVISA A.Mexico, GRPFF.USA,
Headquarter Location:Mexico
Grupo Televisa SAB is a media company. It operates four broadcast channels in Mexico and has network coverage through affiliated stations throughout the country.

Grupo Televisa is the largest media company in the Spanish-speaking world. Besides operating broadcast channels in Mexico, the company produces pay-television channels whose content reaches subscribers in North America, Asia, Europe, and Latin America. Televisa also owns interests in satellite television, cable TV, terrestrial radio, magazine publishing, Mexican bingo parlors, and three of Mexico's professional soccer teams.

Guru Investment Theses on Grupo Televisa SAB

David Herro Comments on Grupo Televisa - Jan 11, 2017

Infosys (BOM:500209) is the second-largest IT service company based in India and is our first India-domiciled investment. The company primarily serves large corporations, providing a complete suite of IT-related services, including consulting, application development and maintenance, product engineering, and software-related products. Many Infosys clients are located outside of India, with North American companies contributing over 60% of revenues. We believe Infosys will benefit from the increasin

From David Herro (Trades, Portfolio)'s Oakmark International Fund fourth quarter 2016 commentary.

Check out latest stock trades

David Herro Comments on Grupo Televisa - Jan 11, 2017

Grupo Televisa (NYSE:TV), a media company and the world’s largest producer of Spanish-language content, was the largest detractor from performance for the quarter, declining 19%. The U.S. presidential election results prompted an immediate drop in the value of the peso and hurt Televisa’s share price. We expect advertising budgets will be under pressure in 2017 given the uncertain environment caused by the U.S. election while advertisers take a wait-and-see approach. Although we expect near-term volatility to continue, we believe Televisa’s fundamentals remain strong. Third-quarter results were in line with our expectations and company guidance. Specifically, the company’s cable segment and Sky satellite service performed well, growing 12% and 13%, respectively. We believe the company possesses a collection of great assets that the market continues to undervalue, and our investment thesis remains intact.

From David Herro (Trades, Portfolio)'s Oakmark International Fund fourth quarter 2016 commentary.

Check out David Herro latest stock trades

Top Ranked Articles about Grupo Televisa SAB

David Herro Comments on Grupo Televisa Guru stock highlight
Infosys (BOM:500209) is the second-largest IT service company based in India and is our first India-domiciled investment. The company primarily serves large corporations, providing a complete suite of IT-related services, including consulting, application development and maintenance, product engineering, and software-related products. Many Infosys clients are located outside of India, with North American companies contributing over 60% of revenues. We believe Infosys will benefit from the increasin Read more...
David Herro Comments on Grupo Televisa Guru stock highlight
Grupo Televisa (NYSE:TV), a media company and the world’s largest producer of Spanish-language content, was the largest detractor from performance for the quarter, declining 19%. The U.S. presidential election results prompted an immediate drop in the value of the peso and hurt Televisa’s share price. We expect advertising budgets will be under pressure in 2017 given the uncertain environment caused by the U.S. election while advertisers take a wait-and-see approach. Although we expect near-term volatility to continue, we believe Televisa’s fundamentals remain strong. Third-quarter results were in line with our expectations and company guidance. Specifically, the company’s cable segment and Sky satellite service performed well, growing 12% and 13%, respectively. We believe the company possesses a collection of great assets that the market continues to undervalue, and our investment thesis remains intact. Read more...
Trevali Provides Caribou Zinc Mine Commissioning Update - Zinc Recoveries Increase Significantly

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 9, 2016) - Trevali Mining Corporation ("Trevali" or the "Company") (TSX:TV)(LMA:TV)(OTCQX:TREVF)(FRANKFURT:4TI) provides a mine and mill commissioning update for its Caribou Zinc Mine in the Bathurst Mining Camp of northern New Brunswick. A detailed description and discussion is provided below and progress highlights are as follows: Caribou Mill - key commissioning & preliminary production statistics (figures rounded)



Q1-2016

April 2016

May 2016

June 2016 (MTDii)



Tonnes Mined
191,005

58,564

57,103

10,560



Tonnes Milled
200,670

60,032

53,038iii

13,350



Average Mill Tonnes-per-dayi (TPD)
2,675

2,636

2,874iii

2,907



Average Head Grades %










Zinc
5.9
%
6.1
%
5.7
%
6.4
%


Lead
2.6
%
3.0
%
2.6
%
3.2
%


Silver - Oz (ounces)/ton
2.0 oz/t

2.7 oz/t

2.3 oz/t

2.8 oz/t



Average Recoveries %










Zinc
71
%
74
%
78
%
79
%


Lead
58
%
57
%
58
%
55
%


Silver (in Lead concentrate)
38
%
32
%
31
%
33
%


Concentrate Produced DMT (dry metric tonnes):










Zinc
17,732

5,832

5,041

1,470



Lead
7,586

2,634

1,968

583



Concentrate Grades %










Zinc
47.8
%
46.4
%
47.2
%
46.2
%


Silver - Oz (ounces)/ton
4.0 oz/t

5.3 oz/t

5.1 oz/t

4.8 oz/t



Lead
39.3
%
39.6
%
40.2
%
40.5
%


Silver - Oz (ounces)/ton
20.3 oz/t

19.5 oz/t

19.9 oz/t

21.0 oz/t






Exclusive of downtime for scheduled mill servicing and maintenance cycle days.
June MTD as of June 7, 2016.
In late-May an electrical storm affected northern New Brunswick including the Caribou site. Unfortunately this resulted in an unplanned mill shut-down following a series of lightning strikes with both the SAG and Ball Mill motors shutting-down following power surges. Prior to re-starting site operations our electrical contractor completed detailed examination of both motors over the following days which resulted in loss of throughput during this period. The mill is currently processing at approximately 2,900 tpd in June month-to-date.

Caribou Zinc Circuit Summary During May-2016 and June-2016 Month-to-Date ("MTD") the Caribou metallurgical team made very significant improvements on increasing zinc recoveries towards entitlement ranges as outlined in the Caribou PEA report (see Technical Report on Preliminary Economic Assessment for the Caribou Massive Sulphide Zinc-Lead-Silver Project, Bathurst, New Brunswick, Canada prepared by SRK Consulting (Canada) Inc., on the Company's website or on SEDAR). The Company continues to focus on highlighted areas for metallurgical improvement with modifications to be implemented during ongoing scheduled maintenance periods (please see News Release TV-NR-16-11, May 11, 2016 for details). Modifications completed during May, and which are ongoing include:

Primary grind: Continues to consistently trend lower year-to-date at increasingly higher throughputs. In January the primary grind averaged 41 um versus 36 um in May. Work is ongoing and the mill team is currently optimizing the ball charge (smaller media) in Ball Mill #1.
Zinc recoveries continue to trend higher as the metallurgical team continues to improve the plant process water quality (essentially manage the calcium content).
IsaMill redundancy work is complete.

Ongoing scheduled optimization initiatives include:

Increase in the number of sample stations for the on-stream sample analyzer.
SAG Mill modifications, primarily installation of newly designed lifters and shell liners will commence in June and continue during scheduled shut downs throughout the summer period.
Cyclone control optimization to further increase circuit stability - June.
Pumping infrastructure including capacity and electrical upgrades are in progress. Standby pumps are also being rebuilt. The upgrades are designed to result in improved performance when handling the finely ground process feed.

Caribou Mining With the zinc circuit essentially de-risked, site is focusing on underground operations. The technical services team continues to de-bottleneck underground operations. Progress during the month includes the successful implementation of a production drill/blast QA/QC program. Site continues to liaise closely with our service provider in this regard and Trevali's Peruvian blasting consultant, who is now on site, to provide additional support. Fleet availability is also anticipated to improve with the arrival of a new underground scoop in early June. Stope drawpoint extraction rates continue to exceed PEA planned rates, by up to 4 times more productive, through innovative design. Utilization of new planning tools and modeling has provided additional truck capacity at the drawpoint. The Company remains committed to its plan to ramp mine production to 2,500-2,700 tpd by the end of Q2. Qualified Person and Quality Control/Quality Assurance EurGeol Dr. Mark D. Cruise, Trevali's President and CEO, Paul Keller, P.Eng, Trevali's Chief Operating Officer are qualified persons as defined by NI 43-101, have supervised the preparation of the scientific and technical information that forms the basis for this news release. Dr. Cruise is not independent of the Company as he is an officer, director and shareholder. Mr. Keller is not independent of the Company as he is an officer and shareholder. ABOUT TREVALI MINING CORPORATION Trevali is a zinc-focused, base metals mining company with one producing operation in Peru and another currently undergoing commissioning in Canada. In Peru, the Company is actively producing zinc and lead-silver concentrates from its 2,000-tonne-per-day Santander mine. In Canada, Trevali owns the Caribou mine and mill, Halfmile mine and Stratmat deposit all located in the Bathurst Mining Camp of northern New Brunswick. The Company is currently commissioning its 3,000-tonne-per-day Caribou mine. The common 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, President This news release contains "forward-looking statements" within the meaning of the United States private securities litigation reform act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. 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 and the Company does not intend, and does not assume any obligation to, update such statements containing the forward-looking information. Such forward-looking statements and information include, but are not limited to statements as to: the Company's plan to prepare a new PEA for its Halfmile and Stratmat properties, the accuracy of estimated mineral resources, anticipated results of future exploration, and forecast future metal prices, expectations that environmental, permitting, legal, title, taxation, socio-economic, political, marketing or other issues will not materially affect estimates of mineral resources. 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. 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. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained in this news release and the company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: 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 (such as the Canadian dollar and Peruvian sol versus the U.S. dollar); 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 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. 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. Trevali's production plan at the Caribou Mine is based only on measured, indicated and inferred resources, and not mineral reserves, and does not have demonstrated economic viability. Trevali's production plan at the Santander Mine is based only on indicated and inferred mineral resources, and not mineral reserves, and does not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is therefore no certainty that the conclusions of the production plans and Preliminary Economic Assessment (PEA) will be realized. Additionally, where Trevali discusses exploration/expansion potential, any potential quantity and grade is conceptual in nature and there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. We advise US investors that while the terms "measured resources", "indicated resources" and "inferred resources" are recognized and required by Canadian regulations, the US Securities and Exchange Commission does not recognize these terms. US investors are cautioned not to assume that any part or all of the material in these categories will ever be converted into reserves. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state and may not be offered or sold within the United States, absent such registration or an applicable exemption from such registration requirements. The TSX has not approved or disapproved of the contents of this news release.





Steve Stakiw
Vice President, Investor Relations
and Corporate Communications
(604) 488-1661 / Direct: (604) 638-5623
[email protected]




Read more...
Trevali Reports Additional Drill Results From New Oyon Zone at Santander Zinc Mine

Highlights: 24.5 metres(i) of 5.7% Zn, 4.0% Pb and 6.0 oz/t Ag; 18.9 metres(i) of 4.1% Zn, 3.4% Pb and 3.5 oz/t Ag; and 14.7 metres(i) of 5.2% Zn, 5.8% Pb and 2.1 oz/t Ag

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 2, 2016) - Trevali Mining Corporation ("Trevali" or the "Company") (TSX:TV)(LMA:TV)(OTCQX:TREVF)(FRANKFURT:4TI) announces results from four new drill holes of its ongoing 2016 underground exploration drill program at the Santander zinc mine in Peru. The aim of the current drilling is to test recently discovered mineralization in the hanging wall of the Magistral North deposit. Drill holes continue to intersect multiple stacked mineralized massive sulphide replacement zones, or mantos, both within the main Magistral North body as well as in the newly discovered Oyon mantos (Table 1). The intercepts are near existing mine infrastructure and will be quickly incorporated into the near-term (2016-2017) mine plan. Mineralization in both the Magistral North deposit and the new Oyon mantos remains open for expansion and further underground drilling is in progress (Figure 1).


Borehole

(dip/azimuth)
From - To

(metres)
Zone / Core Length

Interval* (metres)
Zn

(%)
Pb

(%)
Ag oz/ton

(g/tonne)


MN-142-16
114.90 - 121.20
MN / 6.30
3.33
1.19
1.65 (56.49)


(-41.20° /
125.55 - 140.30
MN/OYO / 14.75
5.21
5.78
2.11 (72.26)


246.10°)
Incl. 125.55 - 132.75
MN/OYO / 7.20
7.37
8.96
2.66 (91.08)



Incl. 136.85 - 139.15
OYO / 2.30
5.22
4.32
2.50 (85.72)



147.65 - 153.50
OYO / 5.85
4.69
3.79
5.75 (197.08)


MN-143-16
133.90 - 158.45
MN/OYO / 24.55
5.74
3.98
6.00 (205.88)


(-39.20° /
Incl. 135.70 - 148.20
MN/OYO / 12.50
5.66
4.67
4.14 (141.94)


214.70°)
Incl. 149.05 - 157.05
OYO / 8.00
5.67
1.81
10.92 (374.32)


MN-144-16 (-27.20° / 207.30°)
115.20 - 115.90
OYO / 0.70
3.11
3.25
1.40 (47.90)


MN-145-16
111.85 - 130.80
MN/OYO / 18.95
4.11
3.40
3.47 (119.01)


(-35.30° /
Incl. 124.35 - 130.80
OYO / 6.45
4.80
2.31
6.68 (229.05)


218.10°)
Incl. 115.40 - 121.90
MN/OYO / 6.50
5.82
6.04
2.72 (93.34)


Table 1: Summary of latest Santander Mine underground drill assay results.


(i) True widths of the mineralized intervals are estimated at 60-80% of core length. MN-Magistral North; OYO-Oyon.



To view Figure 1: 3D view, looking southeast, and cross section illustrating geometry of the Oyon mineralization and location of recent drillhole intercepts in the Magistral North Deposit at the Santander Mine, visit the following link: http://media3.marketwire.com/docs/1057524-F1.pdf MAGISTRAL NORTH AND OYON ZONES This latest follow-up expansion-definition drilling program continues to define additional mineralization in the Oyon mantos, located in the hanging wall to the main Magistral North deposit (Figure 1). As presently defined the Oyon zone contains multiple stacked lenses (or mantos) of replacement semi-massive to massive sulphide mineralization and associated veining that varies from 1 to plus-10-metres thick, a modeled strike length of approximately 100 metres and a currently defined dip length of approximately 180 metres. In general, average grades for all key metals (Zn, Pb and Ag) are significantly higher than current Santander mill feed grades (Table 1). Zinc to lead/silver metal ratios remain high, in the 1:1 to 2:1 range, which is suggestive of the upper to mid-portions of the mineral system and is interpreted to suggest significant additional depth potential remains. Initial targeting suggests that similar style (Pb-Ag rich) mineralization may exist in the hanging wall of the Magistral Central deposit. The Company cautions that additional drilling is required to further test this hypothesis. The mantos are proximal-to-immediately-adjacent to the main Magistral North deposit and close to existing and future planned mine development. Consequently minimal additional work will be required to begin adding value (feed) to the Santander mill. Both the Magistral North Zone and emergent Oyon Mantos remain open and expansion/definition drilling is ongoing. AGM RESULTS At the Company's recent Annual General Meeting of Shareholders held on June 1, 2016, shareholders re-elected the nominated slate of directors. Shareholders also approved: the appointment of PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the Company for the current fiscal year and authorized the directors to fix the auditors' remuneration; the amended Stock Option and Stock Bonus Plan and Unallocated Options and Other Entitlements under the Plan; and the Shareholder Rights Plan.



Description of Matter

Outcome

of Vote
Votes

For
Votes

Withheld
Votes

Against


1.
Election of the following directors of the Company:

Resolution approved by a show of hands






Mark Cruise


141,016,775

(99.89%)
153,725

(0.11%)
n/a


Anton Drescher


113,957,148

(80.72%)
27,213,352

(19.28%)


Christopher Eskdale


138,898,275

(98.39%)
2,270,225

(1.61%)


Catherine Gignac


141,016,275

(99.89%)
154,225

(0.11%)


Michael Hoffman


135,186,075

(95.76%)
5,984,425

(4.24%)


David Huberman


135,176,575

(95.75%)
5,993,925

(4.25%)


David Korbin


140,993,775

(99.87%)
176,725

(0.13%)


2.
Appointment of PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the Company for the current fiscal year and authorizing the directors to fix the auditors' remuneration

Resolution approved by a show of hands
141,148,000

(99.98%)
22,500

(0.02%)
n/a


3.
Approval of the amended Stock Option and Stock Bonus Plan and Unallocated Options and Other Entitlements under the Plan

Resolution approved by ballot
81,173,363

(57.50%)
n/a
59,997,137

(42.50%)


4.
Approval of the Shareholder Rights Plan

Resolution approved by ballot
140,343,820

(99.41%)
n/a
826,680

(0.59%)



Qualified Person and Quality Control/Quality Assurance EurGeol Dr. Mark D. Cruise, Trevali's President and CEO and Daniel Marinov, P.Geo, Trevali's VP Exploration, are qualified persons as defined by NI 43-101, have supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Marinov is responsible for all aspects of the work, including the quality control/quality assurance programs. Dr. Cruise is not independent of the Company, as he is an officer, director and shareholder. Mr. Marinov is not independent of the Company as he is an officer and shareholder. Drill core samples were processed and assayed in the Santander mine onsite laboratory. Zinc, lead and silver, assays were obtained by Aqua-Regia dissolution followed by Atomic Absorption measurement. Values of lead and zinc over 15% are assayed by volumetric method. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards. Blind certified reference material is inserted at regular intervals into the sample sequence by Trevali personnel in order to independently assess analytical accuracy. The onsite laboratory is outsourced and managed by SGS-Peru personnel. SGS-Peru's quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Finally, representative blind duplicate samples are routinely forwarded to an ISO compliant third party laboratory for external quality control. ABOUT TREVALI MINING CORPORATION Trevali is a zinc-focused, base metals mining company with one producing operation in Peru and another currently undergoing commissioning in Canada. In Peru, the Company is actively producing zinc and lead-silver concentrates from its 2,000-tonne-per-day Santander zinc mine. In Canada, Trevali owns the Caribou zinc mine and mill, Halfmile mine and Stratmat deposit all located in the Bathurst Mining Camp of northern New Brunswick. The Company is currently commissioning its 3,000-tonne-per-day Caribou zinc mine. All of the Company's deposits remain open for expansion. The common shares of Trevali are listed on the TSX (symbol TV), the OTCQX (symbol TREVF), the Frankfurt Exchange (symbol 4TI) and on the Lima Stock Exchange (symbol TV). 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, President This news release contains "forward-looking statements" within the meaning of the United States private securities litigation reform act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. 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 and the Company does not intend, and does not assume any obligation to, update such statements containing the forward-looking information. Such forward-looking statements and information include, but are not limited to statements as to: the intended use of proceeds in connection with the Offering, the accuracy of estimated mineral resources, anticipated results of future exploration, and forecast future metal prices, expectations that environmental, permitting, legal, title, taxation, socio-economic, political, marketing or other issues will not materially affect estimates of mineral resources. 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. 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. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained in this news release and the company has made assumptions and estimates based on or related to many of these factors.

Such factors include, without limitation: 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 (such as the Canadian dollar and Peruvian sol versus the U.S. dollar); 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 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; and increased competition in the mining industry for properties, equipment, qualified personnel, and their costs. 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. Trevali's production plan at the Caribou Mine is based only on measured, indicated and inferred resources, and not mineral reserves, and does not have demonstrated economic viability. Trevali's production plan at the Santander Mine is based only on indicated and inferred mineral resources, and not mineral reserves, and does not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is therefore no certainty that the conclusions of the production plans and Preliminary Economic Assessment (PEA) will be realized. Additionally, where Trevali discusses exploration/expansion potential, any potential quantity and grade is conceptual in nature and there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. We advise US investors that while the terms "measured resources", "indicated resources" and "inferred resources" are recognized and required by Canadian regulations, the US Securities and Exchange Commission does not recognize these terms. US investors are cautioned not to assume that any part or all of the material in these categories will ever be converted into reserves. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state and may not be offered or sold within the United States, absent such registration or an applicable exemption from such registration requirements. The TSX has not approved or disapproved of the contents of this news release.





Trevali Mining Corporation
Steve Stakiw, Vice President,
Investor Relations and Corporate Communications
(604) 488-1661 / Direct: (604) 638-5623
[email protected]
www.trevali.com




Read more...
Trevali Reports Q1-2016 Financial Results

Santander 2016 cost guidance revised downwards by 12% to $35-38 per tonne milled

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 11, 2016) - Trevali Mining Corporation ("Trevali" or the "Company") (TSX:TV)(LMA:TV)(OTCQX:TREVF)(FRANKFURT:4TI) has released financial results for the three months ended March 31, 2016 ("Q1") reporting EBITDA of $8 million and posting net income of $827,000 ($0.00 per share) for the quarter. Santander Zinc Mine operations income for Q1 was $4.2 million on concentrate sales revenue of $27 million. Santander site cash costs(2) dropped significantly to US$0.28 per pound of payable Zinc Equivalent ("ZnEq")(3) produced or US$32.22/tonne milled. Consequently Management is revising Santander 2016 site costs guidance downwards by 12% from US$40-43 to US$35-38 per tonne milled on a full year basis. This release should be read in conjunction with Trevali's unaudited condensed consolidated financial statements and management's discussion and analysis for the three months ended March 31, 2016, which is available on Trevali's website and on SEDAR. All financial figures are in Canadian dollar unless otherwise stated. Q1-2016 Results Highlights:

Santander concentrate sales revenue of $27 million
EBITDA(1) of $8 million
Income from Santander mine operations of $4.2 million
Net earnings of $827,000 or $0.00 per share
Total cash position of $26.7 million
Q1 Santander site cash costs(2) dropped to US$0.28 per pound of payable Zinc Equivalent ("ZnEq")(3) produced or US$32.22/tonne milled, resulting in a revision to the Company's 2016 Santander production site cash operating cost guidance being reduced from US$40-43 per tonne milled to US$35-38 per tonne milled
Record Santander mill throughput of 209,000 tonnes resulting in quarterly production of 13.7 million payable pounds of zinc, 6.4 million payable pounds of lead and 221,324 payable ounces of silver
Provisional realized commodity selling prices for Santander Q1-2016 production was US$0.82 per pound zinc, US$0.82 per pound lead and US$15.32 per ounce silver at International Benchmark terms under the Company's offtake agreement with Glencore
Santander mill recoveries remain higher than design at 89% for Zn, 88% for Pb and 76% for Ag

"Santander delivered another strong quarter with site cash costs dropping significantly as a result of the optimization initiatives executed by the team. As a direct result of site efficiencies, Santander is one of the lowest cost operating mines in the Central Mineral Belt of Peru reporting materially improved throughput, revenue and income in spite of lower realized commodity prices on a year-to-year basis," stated Dr. Mark Cruise, Trevali's President and CEO. "In Canada the Company continues to focus on commissioning the Caribou Zinc Mine and is pleased to announce ongoing, steady, incremental progress to date." Q1-2016 Financial Results Conference Call

The Company will host a conference call and audio webcast at 10:30 a.m. Eastern Time (7:30 a.m. Pacific Time) on Thursday, May 12, 2016 to review the Q1 financial results. Participants are advised to dial in 5-to-10 minutes prior to the scheduled start time of the call. Conference call dial-in details:

Toll-free (North America): 1-866-223-7781

Toronto and international: 1-416-340-2216

Audio Webcast: http://www.gowebcasting.com/7561 Summary Financial Results ($ millions, except per-share amounts)








Q1-2016
Q1-2015


Revenues
$27.0
$25.9


Income from Santander mining operations
$4.2
$2.2


Net income (loss)
$0.8
($2.8)


Basic Income per share
$0.00
($0.01)








Santander Production Statistics








Q1-2016
Q1-2015


Tonnes Mined
175,579
182,258


Tonnes Milled
209,188
185,365


Average Head Grades %





Zinc
3.93%
4.03%



Lead
1.66%
2.13%



Silver - Oz (ounces)/ton
1.32
1.65


Average Recoveries %





Zinc
89%
90%



Lead
88%
90%



Silver
76%
80%


Concentrate Produced DMT (dry metric tonne):





Zinc
14,840
13.429



Lead
5,469
5,924


Concentrate Grades %





Zinc
49%
50%



Lead
56%
60%



Ag - Oz/ton
38.7
41.0


Payable Production:





Zinc lbs (pounds)
13,662,766
12,536,783



Lead lbs (pounds)
6,436,047
7,407,887



Silver Oz
221,324
254,805









Santander Sales Summary:








Q1-2016
Q1-2015


Zinc Concentrate (DMT)
14,423
12,884


Lead Concentrate (DMT)
5,311
5,810



Payable Zinc lbs
13,009,008
11,793,052



Payable Lead lbs
6,347,250
7,271,847



Payable Silver Oz
210,427
244,333


Revenues (USD$)(5)
19,627,603
20,876,156


Average Realized Metal Price:





Zinc
$ 0.82
$ 0.93



Lead
$ 0.82
$ 0.81



Silver
$ 15.32
$ 16.43


Zinc Equivalent lbs Sold(4)
23,286,844
22,468,911


Zinc Equivalent lbs Payable Produced(3)
24,229,762
23,504,206


Site Cash Cost(2) per Equivalent Payable Zinc lb Produced (USD$)(3)
$ 0.28
$ 0.39


Cash Cost(2) per Tonne Milled (USD$)
$ 32.22
$ 48.88











(1) EBITDA (earnings before interest, taxes, depreciation and amortization) is calculated by considering Company's earnings before interest payments, tax, depreciation, and amortization are subtracted for any final accounting of its income and expenses. The EBITDA of a business gives an indication of its current operational profitability and is a NON-IFRS measure.





(2) Refer to Non-IFRS Measures in the March 31, 2016 Management Discussion and Analysis.





(3) ZnEq Payable Pounds Produced = ((Zn Payable lbs Produced x Zn Price) (Pb Payable lbs Produced x Pb Price) (Cu Payable lbs Produced x Cu Price) (Au oz Payable Produced x Au Price) (Ag oz Payable Produced x Ag Price))/Zn Price.





(4) ZnEq Payable Pounds Sold = ((Zn Payable lbs Sold x Zn Price) (Pb Payable lbs Sold x Pb Price) (Cu Payable lbs Sold x Cu Price) (Au oz Payable Sold x Au Price) (Ag oz Payable Sold x Ag Price))/Zn Price. (All metal prices are the average realized metal price for the period).





(5) Revenues include prior quarter's adjustment.






Santander Operations, Peru Production:

Santander operations delivered another exceptional quarter with production of 13.7 million payable pounds of zinc, 6.4 million payable pounds of lead and 221,324 payable ounces of silver. Approximately 209,188 tonnes of mineralized material was processed through the mill with underground mine production of approximately 175,579 tonnes. Metal production remains in line with 2016 annual guidance of 52-55 million pounds of payable zinc in concentrate grading approximately 50% Zn, 22-25 million pounds of payable lead in concentrate grading approximately 56-58% Pb and 800,000-1,000,000 ounces of payable silver. The mill continues to perform at above design recoveries with Q1-2016 recoveries averaging 89% for zinc, 88% for lead and 76% for silver. Average head grades were 3.93% Zn, 1.66% Pb and 1.32 oz/ton Ag with production of 14,840 tonnes of zinc concentrate averaging 49% Zn and 5,469 tonnes of lead-silver concentrate averaging 56% Pb and 38.7 oz/ton Ag. During the quarter, the Company sold approximately 13.0 million pounds, 6.3 million pounds, and 210,427 ounces, of zinc, lead and silver respectively. Revenues for the first quarter were approximately US$20 million with the average realized metal prices in USD for the quarter of $0.82 per pound of zinc, $0.82 per pound of lead, and $15.32 per ounce of silver. Q1 cash costs were approximately US$32.22 per tonne, significantly below the Company's previous annual 2016 cost guidance. Consequently, the Company has revised its 2016 preliminary annual cost guidance to US$35-$38 per tonne milled (down from US$40-$43 per tonne milled). The cost savings are primarily attributed to the increased production and implementation of site-wide business initiatives, thus a larger impact on fixed costs, as well as the efficiencies and cost cutting measures achieved to date. (Please see non-IFRS measures at the end of this MD&A). During the quarter the Company also received the final geochemical assay results from its 2015 exploration program, which tested the deeper levels below the currently defined resources of the Magistral zones. In summary the majority of the drill holes intersected zinc grades higher than those in current mining operations with values ranging from 3.52% to 12.98%. The three Magistral deposits all remain open for expansion and the Company believes that there is very significant resource potential remaining in all three zones where limited down-dip drilling has occurred (see March 22, 2016 - TV-NR-16-07 news release). Outlook:

Santander operations continue at steady state 2,000 tonne-per-day nameplate production with site typically exceeding throughput by approximately 15-20% on a daily basis. The Company continues to work with partner Glencore's local subsidiary, Empresa Minera Los Quenuales S.A., to maximize and improve operational efficiencies. An approximate 3,000-metre underground, drill program is currently in progress in order to convert inferred tonnes to a higher confidence category, and to follow-up on 2015 exploration successes that tested the deeper levels below the currently defined resources of the Magistral zones. Contingent on results, additional drilling may occur. The program will continue to define and potentially expand the newly discovered Rosa, Fatima and emergent Oyon lead-silver-zinc zones in addition to the Magistral zones, which all remain open for expansion at depth. CARIBOU ZINC MINE COMMISSIONING UPDATE

The Company also provides a mine and mill commissioning update for its Caribou Zinc Mine in the Bathurst Mining Camp of northern New Brunswick. A detailed description and discussion is provided below and progress highlights are as follows: Caribou Mill - key commissioning & preliminary production statistics (figures rounded)








Q1-2016
April 2016


Tonnes Mined
191,005
58,564


Tonnes Milled
200,670
60,032


Average Mill Tonnes-per-day (TPD)
2,675*
2,636*


Average Head Grades %




Zinc
5.9%
6.1%


Lead
2.6%
3.0%


Silver - Oz (ounces)/ton
2.0 oz/t
2.7 oz/t


Average Recoveries %




Zinc
71%
74%


Lead
58%
57%


Silver (in Lead concentrate)
38%
32%


Concentrate Produced DMT (dry metric tonnes):




Zinc
17,732
5,832


Lead
7,586
2,634


Concentrate Grades %




Zinc
47.8%
46.4%


Silver - Oz (ounces)/ton
4.0 oz/t
5.3 oz/t


Lead
39.3%
39.6%


Silver - Oz (ounces)/ton
20.3 oz/t
19.5 oz/t











*exclusive of downtime for scheduled mill servicing and maintenance cycle days






Caribou Zinc Circuit Summary

During Q1-2016 and year-to-date ("YTD") the Caribou metallurgical team and partner Glencore continued with the implementation of the metallurgical performance plan that mainly focuses on increasing zinc recoveries to entitlement ranges as outlined in the Caribou PEA report (see Technical Report on Preliminary Economic Assessment for the Caribou Massive Sulphide Zinc-Lead-Silver Project, Bathurst, New Brunswick, Canada prepared by SRK Consulting (Canada) Inc., on the Company's website or on SEDAR). The Company continues to focus on highlighted areas for metallurgical improvement including decreasing the primary grind size, improved zinc-cell mixing and retention times with modifications to be implemented during ongoing scheduled maintenance periods (please see News Release TV-NR-16-10, April 14, 2016 for details). Modifications completed during April, and which are ongoing, continue to focus on the primary grind and zinc circuits, and includes:

Improved vortex finders on three of the five cyclones, which are successfully pushing more material to the mills for grinding and resulting in feed size reduction from approximately 36-41 microns to 22 microns on the modified cyclones (note optimal target primary grind is approximately 30 microns).
Zinc bank splitter box improvements completed and residence time in the zinc banks is essentially balanced.
Zinc Cleaner density trials have commenced and are ongoing.
Smaller 3/4-inch charge media supply is steady and currently converting Ball Mill 1 charge to the same.
Plant-scale mineralogical reports received and indicate a high degree of liberated sphalerite (approx. 89% volume - zinc) with very little "locked" or theoretically unrecoverable material. On the Pb circuit, minimum material reported to the tails (approx. 3%) as liberated galena, highlighting excellent performance. Mineralogy also indicates that the IsaMills are preforming as designed.
Initial water chemistry test work indicates that Zn recoveries are adversely affected by the calcium content of the plant process water, that is, high Ca content results in subdued Zn recoveries. The plant reagent mix was adjusted accordingly and returned 80.9% Zn recoveries to produce a concentrate grading 50.8% Zn. The metallurgical team is currently focusing on optimum reagent addition points for Ca precipitation.

Ongoing scheduled optimization initiatives during Q2 include:

SAG Mill modifications, primarily the newly designed lifters and shell liners (fabrication in progress) and charge from late-May onwards.
IsaMill redundancy test work.
Test-work and implementation of pumping recommendations and pumping station upgrades in June-July in order to maintain consistent cyclone feed pressures that have been impacted by fine grind frothing.
New instrumentation (flow meters and pressure sensors) to enable enhanced thickener performance in April - May.
Increase the number of sample stations for the on-stream sample analyzer - April-May.

Caribou Mining

Underground production during the month averaged 1,952 tonnes-per-day at average grade of 6.0% Zn, 3.0% Pb and 2.7 oz/ton Ag. Underground production YTD (end of April) averaged 2,062 tonnes-per-day at average grade of 6.0% Zn, 2.8% Pb and 2.4 oz/ton Ag. With mill recoveries, specifically Zn, approaching target entitlement range levels the Caribou team is refocusing on underground operations and plans to ramp production to 2,500-2,700 tpd in Q2. Ongoing mine optimization initiatives include mobilization of an additional scoop to improve fleet support and efficiency (scheduled to arrive late May), decreasing feed/waste and average haul distances, and restructuring of technical supervision to provide 7-day support to the mine team. Qualified Person and Quality Control/Quality Assurance

EurGeol Dr. Mark D. Cruise, Trevali's President and CEO, and Paul Keller, P.Eng, Trevali's Chief Operating Officer, are qualified persons as defined by NI 43-101, have supervised the preparation of the scientific and technical information that forms the basis for this news release. Dr. Cruise is not independent of the Company as he is an officer, director and shareholder. Mr. Keller is not independent of the Company as he is an officer and shareholder. ABOUT TREVALI MINING CORPORATION

Trevali is a zinc-focused, base metals mining company with one producing operation in Peru and another currently undergoing commissioning in Canada. In Peru, the Company is actively producing zinc and lead-silver concentrates from its 2,000-tonne-per-day Santander zinc mine. In Canada, Trevali owns the Caribou zinc mine and mill, Halfmile mine and Stratmat deposit all located in the Bathurst Mining Camp of northern New Brunswick. The Company is currently commissioning its 3,000-tonne-per-day Caribou zinc mine. All of the Company's deposits remain open for expansion. The common shares of Trevali are listed on the TSX (symbol TV), the OTCQX (symbol TREVF), the Frankfurt Exchange (symbol 4TI) and on the Lima Stock Exchange (symbol TV). 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, President This news release contains "forward-looking statements" within the meaning of the United States private securities litigation reform act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. 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 and the Company does not intend, and does not assume any obligation to, update such statements containing the forward-looking information. Such forward-looking statements and information include, but are not limited to statements as to: the intended use of proceeds in connection with the Offering, the accuracy of estimated mineral resources, anticipated results of future exploration, and forecast future metal prices, expectations that environmental, permitting, legal, title, taxation, socio-economic, political, marketing or other issues will not materially affect estimates of mineral resources. 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. 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. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained in this news release and the company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: 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 (such as the Canadian dollar and Peruvian sol versus the U.S. dollar); 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 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; and increased competition in the mining industry for properties, equipment, qualified personnel, and their costs. 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. Trevali's production plan at the Caribou Mine is based only on measured, indicated and inferred resources, and not mineral reserves, and does not have demonstrated economic viability. Trevali's production plan at the Santander Mine is based only on indicated and inferred mineral resources, and not mineral reserves, and does not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is therefore no certainty that the conclusions of the production plans and Preliminary Economic Assessment (PEA) will be realized. Additionally, where Trevali discusses exploration/expansion potential, any potential quantity and grade is conceptual in nature and there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. We advise US investors that while the terms "measured resources", "indicated resources" and "inferred resources" are recognized and required by Canadian regulations, the US Securities and Exchange Commission does not recognize these terms. US investors are cautioned not to assume that any part or all of the material in these categories will ever be converted into reserves. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state and may not be offered or sold within the United States, absent such registration or an applicable exemption from such registration requirements. The TSX has not approved or disapproved of the contents of this news release.





Trevali Mining Corporation
Steve Stakiw, Investor Relations and
Corporate Communications
[email protected]
Phone: (604) 488-1661 / Direct: (604) 638-5623




Read more...

Ratios

vs
industry
vs
history
PE Ratio 77.43
TV's PE Ratio is ranked lower than
87% of the 276 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 23.36 vs. TV: 77.43 )
Ranked among companies with meaningful PE Ratio only.
TV' s PE Ratio Range Over the Past 10 Years
Min: 8.77  Med: 24 Max: 142.03
Current: 77.43
8.77
142.03
PE Ratio without NRI 78.03
TV's PE Ratio without NRI is ranked lower than
87% of the 276 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 23.00 vs. TV: 78.03 )
Ranked among companies with meaningful PE Ratio without NRI only.
TV' s PE Ratio without NRI Range Over the Past 10 Years
Min: 9.24  Med: 23.19 Max: 83.75
Current: 78.03
9.24
83.75
Price-to-Owner-Earnings 79.25
TV's Price-to-Owner-Earnings is ranked lower than
90% of the 165 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 18.13 vs. TV: 79.25 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
TV' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 0.09  Med: 23.08 Max: 246.17
Current: 79.25
0.09
246.17
PB Ratio 3.46
TV's PB Ratio is ranked lower than
70% of the 394 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.97 vs. TV: 3.46 )
Ranked among companies with meaningful PB Ratio only.
TV' s PB Ratio Range Over the Past 10 Years
Min: 0.02  Med: 3.3 Max: 475.63
Current: 3.46
0.02
475.63
PS Ratio 3.00
TV's PS Ratio is ranked lower than
66% of the 409 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.03 vs. TV: 3.00 )
Ranked among companies with meaningful PS Ratio only.
TV' s PS Ratio Range Over the Past 10 Years
Min: 0.07  Med: 2.64 Max: 4.35
Current: 3
0.07
4.35
Price-to-Free-Cash-Flow 48.77
TV's Price-to-Free-Cash-Flow is ranked lower than
87% of the 167 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 16.45 vs. TV: 48.77 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
TV' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 10.98  Med: 25 Max: 89.76
Current: 48.77
10.98
89.76
Price-to-Operating-Cash-Flow 7.94
TV's Price-to-Operating-Cash-Flow is ranked higher than
66% of the 228 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 10.74 vs. TV: 7.94 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
TV' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 6.24  Med: 9.4 Max: 31.04
Current: 7.94
6.24
31.04
EV-to-EBIT 17.41
TV's EV-to-EBIT is ranked higher than
99% of the 453 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 15.31 vs. TV: 17.41 )
Ranked among companies with meaningful EV-to-EBIT only.
TV' s EV-to-EBIT Range Over the Past 10 Years
Min: -0.1  Med: 12.6 Max: 27.2
Current: 17.41
-0.1
27.2
EV-to-EBITDA 8.92
TV's EV-to-EBITDA is ranked higher than
100% of the 495 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 10.76 vs. TV: 8.92 )
Ranked among companies with meaningful EV-to-EBITDA only.
TV' s EV-to-EBITDA Range Over the Past 10 Years
Min: 4.8  Med: 8.9 Max: 14.7
Current: 8.92
4.8
14.7
PEG Ratio 12.60
TV's PEG Ratio is ranked lower than
91% of the 125 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.91 vs. TV: 12.60 )
Ranked among companies with meaningful PEG Ratio only.
TV' s PEG Ratio Range Over the Past 10 Years
Min: 0.06  Med: 2.59 Max: 12.6
Current: 12.6
0.06
12.6
Shiller PE Ratio 39.04
TV's Shiller PE Ratio is ranked lower than
65% of the 66 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 26.43 vs. TV: 39.04 )
Ranked among companies with meaningful Shiller PE Ratio only.
TV' s Shiller PE Ratio Range Over the Past 10 Years
Min: 1.05  Med: 3.35 Max: 46.19
Current: 39.04
1.05
46.19
Current Ratio 1.67
TV's Current Ratio is ranked higher than
52% of the 377 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.60 vs. TV: 1.67 )
Ranked among companies with meaningful Current Ratio only.
TV' s Current Ratio Range Over the Past 10 Years
Min: 1.32  Med: 1.84 Max: 6.32
Current: 1.67
1.32
6.32
Quick Ratio 1.64
TV's Quick Ratio is ranked higher than
55% of the 377 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.41 vs. TV: 1.64 )
Ranked among companies with meaningful Quick Ratio only.
TV' s Quick Ratio Range Over the Past 10 Years
Min: 1.28  Med: 1.72 Max: 4.11
Current: 1.64
1.28
4.11
Days Inventory 13.21
TV's Days Inventory is ranked higher than
51% of the 287 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 13.50 vs. TV: 13.21 )
Ranked among companies with meaningful Days Inventory only.
TV' s Days Inventory Range Over the Past 10 Years
Min: 12.29  Med: 17.83 Max: 25.16
Current: 13.21
12.29
25.16
Days Sales Outstanding 130.75
TV's Days Sales Outstanding is ranked lower than
81% of the 336 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 68.06 vs. TV: 130.75 )
Ranked among companies with meaningful Days Sales Outstanding only.
TV' s Days Sales Outstanding Range Over the Past 10 Years
Min: 23.04  Med: 58.38 Max: 153.84
Current: 130.75
23.04
153.84
Days Payable 150.03
TV's Days Payable is ranked higher than
80% of the 280 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 58.02 vs. TV: 150.03 )
Ranked among companies with meaningful Days Payable only.
TV' s Days Payable Range Over the Past 10 Years
Min: 85.25  Med: 94.27 Max: 150.03
Current: 150.03
85.25
150.03

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 0.37
TV's Dividend Yield % is ranked lower than
93% of the 362 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.02 vs. TV: 0.37 )
Ranked among companies with meaningful Dividend Yield % only.
TV' s Dividend Yield % Range Over the Past 10 Years
Min: 0.28  Med: 0.81 Max: 6.58
Current: 0.37
0.28
6.58
Dividend Payout Ratio 0.26
TV's Dividend Payout Ratio is ranked higher than
67% of the 193 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 0.36 vs. TV: 0.26 )
Ranked among companies with meaningful Dividend Payout Ratio only.
TV' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.1  Med: 0.3 Max: 1.33
Current: 0.26
0.1
1.33
3-Year Dividend Growth Rate -20.60
TV's 3-Year Dividend Growth Rate is ranked lower than
77% of the 128 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 6.90 vs. TV: -20.60 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
TV' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0  Med: -100 Max: 106.9
Current: -20.6
0
106.9
Forward Dividend Yield % 0.37
TV's Forward Dividend Yield % is ranked lower than
93% of the 346 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.16 vs. TV: 0.37 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 0.37
TV's 5-Year Yield-on-Cost % is ranked lower than
93% of the 442 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.78 vs. TV: 0.37 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
TV' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.28  Med: 0.81 Max: 6.58
Current: 0.37
0.28
6.58
3-Year Average Share Buyback Ratio -0.60
TV's 3-Year Average Share Buyback Ratio is ranked higher than
65% of the 260 Companies
in the Global Broadcasting - TV industry.

( Industry Median: -3.00 vs. TV: -0.60 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
TV' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -1.1  Med: 0.4 Max: 1.6
Current: -0.6
-1.1
1.6

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 6.39
TV's Price-to-Tangible-Book is ranked lower than
78% of the 308 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 2.52 vs. TV: 6.39 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
TV' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.79  Med: 4.71 Max: 7.45
Current: 6.39
2.79
7.45
Price-to-Intrinsic-Value-Projected-FCF 1.57
TV's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
50% of the 174 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.56 vs. TV: 1.57 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
TV' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.44  Med: 1.8 Max: 3.91
Current: 1.57
0.44
3.91
Price-to-Intrinsic-Value-DCF (Earnings Based) 7.29
TV's Price-to-Intrinsic-Value-DCF (Earnings Based) is ranked lower than
96% of the 24 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.66 vs. TV: 7.29 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only.
N/A
Price-to-Median-PS-Value 1.14
TV's Price-to-Median-PS-Value is ranked lower than
51% of the 333 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.12 vs. TV: 1.14 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
TV' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.02  Med: 1 Max: 1.4
Current: 1.14
0.02
1.4
Price-to-Peter-Lynch-Fair-Value 7.23
TV's Price-to-Peter-Lynch-Fair-Value is ranked lower than
99% of the 70 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.38 vs. TV: 7.23 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
TV' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.02  Med: 1.92 Max: 7.24
Current: 7.23
0.02
7.24
Price-to-Graham-Number 4.71
TV's Price-to-Graham-Number is ranked lower than
85% of the 172 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 1.88 vs. TV: 4.71 )
Ranked among companies with meaningful Price-to-Graham-Number only.
TV' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.86  Med: 2.13 Max: 5.33
Current: 4.71
0.86
5.33
Earnings Yield (Greenblatt) % 5.74
TV's Earnings Yield (Greenblatt) % is ranked higher than
99% of the 611 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 4.64 vs. TV: 5.74 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
TV' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 3.7  Med: 7.9 Max: 17.4
Current: 5.74
3.7
17.4
Forward Rate of Return (Yacktman) % 13.95
TV's Forward Rate of Return (Yacktman) % is ranked higher than
62% of the 198 Companies
in the Global Broadcasting - TV industry.

( Industry Median: 9.41 vs. TV: 13.95 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
TV' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -39.5  Med: 15.1 Max: 293.1
Current: 13.95
-39.5
293.1

More Statistics

Revenue (TTM) (Mil) $5,059
EPS (TTM) $ 0.33
Beta1.16
Short Percentage of Float1.77%
52-Week Range $19.69 - 29.34
Shares Outstanding (Mil)583.72

Analyst Estimate

Dec18 Dec19
Revenue (Mil $) 6,607 7,107
EPS ($) 1.58 1.96
EPS without NRI ($) 1.58 1.96
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
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