Trevali Confirms Positive COVID-19 Cases at Santander and Temporarily Suspends Operations
27 June 2020 - 8:30AM
Trevali Mining Corporation
(“Trevali” or the
“Company”) (TSX: TV, BVL: TV; OTCQX: TREVF,
Frankfurt: 4TI) regretfully announces that 19 workers at
the Santander mine in Peru tested positive for COVID-19. These
workers are asymptomatic and have been provided with safe and
preventative quarantine. The Company has temporarily suspended
operations at the mine and mill to undertake additional testing on
site.
On June 23rd, prior to a roster change, 69
workers were screened with COVID-19 serological rapid tests of
which 19 yielded positive results. These tests detect the presence
of antibodies that have been produced in response to a COVID-19
infection. In response, all workers on site are proactively being
quarantined and will be tested using polymerase chain reaction
(PCR) tests. This is the most common diagnostic test used to
identify people currently infected. Additional medical
professionals are being brought to the operation to provide support
and to perform the testing and diagnosis. Checks on existing
controls, such as physical distancing, body temperature readings,
cleaning and disinfection will occur as part of the investigation.
New transport options and protocols between the operation and the
main areas where our workers live will also be agreed and
implemented before a re-start occurs.
The Company has decided to temporarily suspend
mining and milling operations to focus on the health and safety of
Santander’s workforce. No timeline for the restart of operations
has been defined at this time. Trevali continues to engage with the
Government of Peru, local communities, and other mining companies
to refine best practices in the screening and prevention of
COVID-19.
ABOUT TREVALI
Trevali is a global base-metals mining company,
headquartered in Vancouver, Canada. The bulk of Trevali’s revenue
is generated from base-metals mining 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 Santander Mine in
Peru. In addition, Trevali owns the Caribou Mine, Halfmile and
Stratmat Properties and the Restigouche Deposit in New Brunswick,
Canada, and the past-producing Ruttan Mine in northern Manitoba,
Canada. Trevali also owns an effective 44%-interest in the Gergarub
Project in Namibia, as well as an option to acquire a 100% interest
in the Heath Steele deposit located in New Brunswick, Canada.
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.
Investor Relations and Media
Contact:Brendan Creaney – Vice President, Investor
RelationsEmail: bcreaney@trevali.comPhone: +1 (778) 655-6070
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 statements are
published, and the Company assumes no obligation to update any
forward-looking statement, except as required by law.
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 Company’s operations, including the temporary
suspension of operations at the Santander mine and the Company's
efforts to minimize the impacts of same, the refinement of
practices for the screening and prevention of COVID-19, discussions
with government authorities and other stakeholders, and the timing
of the resumption of operations at Santander. 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 changes in project
parameters as plans continue to be refined; future prices of zinc,
lead, silver and other minerals and the anticipated sensitivity of
our financial performance to such prices; possible variations in
ore reserves, grade or recoveries; dependence on key personnel;
potential conflicts of interest involving our directors and
officers; labour pool constraints; labour disputes; availability of
infrastructure required for the development of mining projects;
delays or inability to obtain governmental and regulatory approvals
for mining operations or financing or in the completion of
development or construction activities; counterparty risks;
increased operating and capital costs; foreign currency exchange
rate fluctuations; operating in foreign jurisdictions with risk of
changes to governmental regulation; risks relating to widespread
epidemics or pandemic outbreak including the COVID-19 pandemic; the
impact of COVID-19 on our workforce, suppliers and other essential
resources and what effect those impacts, if they occur, would have
on our business; compliance with environmental laws and
regulations; land reclamation and mine closure obligations;
challenges to title or ownership interest of our mineral
properties; maintaining ongoing social license to operate; impact
of climatic conditions on the Company’s mining operations;
corruption and bribery; limitations inherent in our insurance
coverage; compliance with debt covenants; competition in the mining
industry; our ability to integrate new acquisitions into our
operations; cybersecurity threats; litigation and other risks and
uncertainties that are more fully described in the Company’s most
recent annual information form 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
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