Trade spats to curb industrial metals demand: BMO
BMO Capital Markets has lowered its demand estimates for next year on the anticipation that higher tariffs and multilateral trade friction could tamp down industrial output.
Santander is located in Peru, 34km NE of Canta. It is an open-pit/underground operation. Image from IntelligenceMine.
Trevali Mining (TSE:TV) says production at its Santander Mine was its best quarterly performance to date.
Trevali’s stock was up 6% to 44 cents.
For the third quarter Santander produced 14.6 million payable pounds of zinc, 7.6 million payable pounds of lead and 282,108 payable ounces of silver.
Q3-2015 recoveries at Santander averaged 90% for zinc, 89% for lead and 77% for silver. Mill throughput for the quarter was 197,288 tonnes, the highest throughput to date at Santander. Average Q3 head grades were 4.40% Zn, 2.09% Pb and 1.7 oz/ton Ag with production of 15,729 tonnes of zinc concentrate averaging 50% Zn and 6,525 tonnes of lead-silver concentrate averaging 56% Pb and 41.7 oz/ton Ag for the quarter
“Continued solid production from our Santander unit delivered one of our best quarterly performances to date with record zinc production and mill throughput,” stated Dr. Mark Cruise, Trevali’s President and CEO.
“Based on these strong results, the Company has boosted its 2015 Santander production guidance estimate. In tandem with this Santander continues to react well to the current commodity climate by capturing efficiencies and cost savings on a quarter-to-quarter basis.”
Full news release is here:
[gview file=”http://www.trevali.com/i/pdf/NR-2015-10-08.pdf” height=”800px” width=”600px”]
