VANCOUVER, British Columbia, April 08, 2019 (GLOBE NEWSWIRE) -- Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) is pleased to announce that its Board of Directors has appointed Ricus Grimbeek as President & Chief Executive Officer.
“We are thrilled to welcome Ricus Grimbeek as Trevali’s President and CEO,” said Jessica McDonald, Chair of the Board. “Ricus brings extensive global experience to Trevali, both as a corporate executive and as a mine operator, and has a proven track record of operating safe and efficient businesses with a focus on asset optimization and strong cost performance. He combines deep knowledge of mining processes and technology, and decades of hands-on global mining experience, with a progressive approach to mining that places a high priority on safety, sustainability and responsibility. The Board is confident that Ricus is the right leader to unite our assets with a common focus on operational optimization to efficiently grow production and enhance value for all stakeholders.”
“With its portfolio of producing assets and talented team, Trevali is extremely well-positioned for success. I am delighted to join this exciting company and lead it to its full potential,” said Mr. Grimbeek.
Mr. Grimbeek will assume his responsibilities on April 23, 2019. At that time, as previously announced, Dr. Mark Cruise will step down as President and CEO.
Added Ms. McDonald: “We are pleased this transition has been accomplished so smoothly and in a timely manner. We have every confidence Trevali’s positive momentum in 2019 will continue to build into the future under the leadership of our newly-appointed President and CEO.”
Ricus Grimbeek is a mining engineer with nearly three decades of progressive experience in the resource sector, with a proven track record working at all levels of the business. An experienced mining executive, before joining Trevali he was Chief Operating Officer of Vale Base Metals North Atlantic where he held responsibility for the overall operating and financial performance of 16 mining and refining operations in four countries. Previously, he was President and COO of South32 Australia, overseeing six operations in Australia and Colombia. Mr. Grimbeek has also served as Asset President of Aluminium Australia, Head of Group HSEC for BHP Billiton, President and COO of BHP Billiton’s Ekati Diamond Mine, Executive Vice President Mining and Concentrating for Lonmin Platinum.
Mr. Grimbeek holds a Bachelor of Engineering (Mining) from the University of Pretoria, has completed the Management Development Program from the University of Orange Free State, and holds an Advanced Certificate in Mine Ventilation from the Chamber of Mines.
ABOUT TREVALI MINING CORPORATION
Trevali is a zinc-focused, base metals company with four mines: the 90% owned Perkoa mine in Burkina Faso, the 90% owned Rosh Pinah mine in Namibia, the wholly-owned Caribou mine in the Bathurst Mining Camp of northern New Brunswick in Canada, and the wholly-owned Santander mine in Peru.
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.
On Behalf of the Board of Directors of
TREVALI MINING CORPORATION
“Jessica McDonald” (signed)
Jessica McDonald, Chair
Steve Stakiw, Vice President - Investor Relations and Corporate Communications
Phone: (604) 488-1661 / Direct: (604) 638-5623
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of the Canadian securities legislation and “forward-looking statements” within the meaning of Section 27A of the United States Securities Act of 1933, as amended, Section 21E of the United States Exchange Act of 1934, as amended, the United States Private Securities Litigation Reform Act of 1995, or in releases made by the United States Securities and Exchange Commission, all as may be amended from time. 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. Such forward-looking statements and information include, but are not limited to, statements relating to the transition to a new President and Chief Executive Officer and the Company’s optimization, growth, and value enhancement strategies.
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. If any assumptions are untrue, it could cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such statements.
Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the Company’s annual information form for the year ended December 31, 2018, which is available on the Company’s website (www.trevali.com) and filed under our profile on SEDAR (www.sedar.com). 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.
Source: Trevali Mining Corporation