VANCOUVER, British Columbia, May 13, 2020 (GLOBE NEWSWIRE) — Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) today released financial and operating results for the three months ended March 31, 2020. The Company reported production of 99 million pounds of zinc at an All-In Sustaining Cost1 (“AISC”) of $1.10 per pound. A net loss of ($175.6) million was principally due to a non-cash impairment charge of $137.4 million being recorded relating to Caribou, Santander, and exploration properties. The adjusted net loss1 for the quarter was ($7.3) million, or ($0.01) per share, primarily due to the decline in the zinc price and timing of concentrate shipments as a result of COVID-19.
FINANCIAL AND OPERATIONAL HIGHLIGHTS FOR THE FIRST QUARTER 2020
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