VANCOUVER, BC, May 25, 2022
/CNW/ - Trevali Mining Corporation ("Trevali" or the
"Company") (TSX: TV) (BVL: TV) (OTCQX: TREVF) (Frankfurt: 4TI) is saddened to report
that search team members have discovered the bodies of four of the
workers unaccounted for following an April
16 flooding event at the Perkoa Mine in Burkina Faso. Four workers remain missing, and
the Company's search crews will continue to work at full capacity
to locate these individuals.
"Our deepest condolences are with our colleagues' families
during this difficult time, and all of us at Trevali grieve their
loss," said Ricus Grimbeek, President and CEO.
Families are being notified as each worker is recovered and
identified. Senior representatives of Trevali and the Perkoa Mine
mining contractor Byrnecut are in regular contact with the families
of all eight workers and will continue to offer support.
The Company continues to work alongside the Burkinabe
authorities and is grateful for the search assistance received from
them as well as the Burkina Faso
mining community.
About Trevali Mining
Corporation
Trevali is a global base-metals mining Company headquartered in
Vancouver, Canada. The bulk of
Trevali's revenue is generated from zinc and lead concentrate
production at its three operational assets: the 90%-owned Perkoa
Mine in Burkina Faso, the
90%-owned Rosh Pinah Mine in Namibia, and the wholly owned Caribou Mine in
northern New Brunswick, Canada. In
addition, Trevali owns the Halfmile and Stratmat Properties and the
Restigouche Deposit in New Brunswick,
Canada. Trevali also owns an effective 44% interest in the
Gergarub Project in Namibia. The
Company's growth strategy is focused on the exploration,
development, operation, and optimization of properties within its
portfolio, as well as other mineral assets it may acquire that fit
its strategic criteria. Trevali's vision is to be a responsible,
top-tier operator of long-life, low-cost mines in stable pro-mining
jurisdictions. Trevali is committed to socially responsible mining,
working safely, ethically, and with integrity. Integrating
responsible practices into its management systems, standards, and
decision-making processes is essential to ensuring everyone and
every community's long-term sustainability.
The 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.
Cautionary Note Regarding Forward-Looking Information and
Statements
This news release contains "forward-looking information" within
the meaning of Canadian securities legislation and "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 (collectively,
"forward-looking statements"). Forward-looking statements are based
on the beliefs, expectations and opinions of management of the
Company as of the date the statement are published, and the Company
assumes no obligation to update any forward-looking statement,
except as required by law. In certain cases, forward-looking
statements can be identified by the use of words such as "plans",
"expects", "outlook", "guidance", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "believes",
or variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might", "will
be taken", "occur" or "be achieved" or the negative of these terms
or comparable terminology. Forward-looking statements relate to
future events or future performance and reflect management's
expectations or beliefs regarding future events including, but not
limited to, statements with respect to the suspension of mining and
milling operations at Perkoa, the recovery efforts at Perkoa,
including the Company's plans with respect thereto, the efficacy of
the Company's pumping, decline ramp rehabilitation and de-watering
activities and its efforts to restore electrical power and
communications at the lower levels of Perkoa, the Company's ability
to effectively dewater the mine and restore access to the lower
levels of Perkoa, the results of any investigation of the flooding
incident, and the Company's assessment of the effect of the
flooding on the safety and structural integrity of Perkoa's
underground areas. By their very nature, forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
the Company to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. Such factors include, among others,
risks related to the Company's search efforts and plans to remedy
the impact of the flooding at the Perkoa Mine, including that such
efforts and plans will not be effective or achieve their desired
outcomes; dependence on key personnel; labour pool
constraints; labour disputes; increased operating and capital
costs; foreign currency exchange rate fluctuations; operating in
foreign jurisdictions with risk of changes to governmental
regulation; compliance with governmental regulations; compliance
with environmental laws and regulations; maintaining ongoing social
license to operate; impact of climatic conditions on the Company's
mining operations; limitations inherent in our insurance coverage;
litigation; and other risks of the mining industry including,
without limitation, other risks and uncertainties that are more
fully described in the Company's annual information form, interim
and annual audited consolidated financial statements and
management's discussion and analysis of those statements, all of
which are filed and available for review under the Company's
profile on SEDAR at www.sedar.com. Although the Company has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated,
estimated or intended. Trevali provides no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events may differ from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements.
SOURCE Trevali Mining Corporation
