VANCOUVER, British Columbia, March 13, 2019 (GLOBE NEWSWIRE) -- Trevali Mining Corporate (“Trevali” or the “Company”) (TSX:TV; BVL: TV; OTCQX: TREVF; Frankfurt: 4TI) today announced the appointment of Jessica McDonald as Chair of the Board of Directors.
An independent Director of Trevali since 2017, Ms. McDonald has extensive leadership experience including roles as both a Board Chair and Chief Executive Officer at large and complex organizations. “Trevali is setting a foundation for strong and steady performance and it is a privilege to serve as Chair as we pursue the opportunities we see ahead,” said Ms. McDonald. “Over the last year we have significantly strengthened our corporate and operational teams, and they are actively implementing cost and operational optimization initiatives aimed at enhancing the value of our diversified asset base. We have clear visibility into our opportunities, and the Board is focused on responsible capital allocation and enhancing value for shareholders. With a strong balance sheet, an active exploration portfolio and available organic growth opportunities, we are very enthusiastic about the future of our company.”
Ms. McDonald’s appointment as Chair will ensure continued focus, stability and strong governance of Trevali. She has a track record of success leading organizations with diverse operational and business units. In December 2017 she was appointed Chair of the Board of the Canada Post Group of Companies, which includes a majority shareholding of Purolator Courier, and subsidiaries Innovapost and SCI Logistics. She assumed the additional role of interim Chief Executive Officer of Canada Post from March 2018 to March 2019 in order to steward the organization as it confronted a number of organizational, financial and strategic challenges.
Previously she served as Chief Executive Officer of BC Hydro, a clean energy utility with more than $5.5 billion in annual revenues. In addition to her role as Chair of Canada Post, Ms. McDonald is a director of Coeur Mining, Hydro One, and the Board of Trade of Greater Vancouver. She has significant experience in Government including as Deputy Minister to the Premier, and Head of the Public Service, of British Columbia. She is certified by the Institute of Corporate Directors.
A priority focus of Trevali’s Board is to finalize the selection of a new CEO. The process is being led by the Transition Oversight Committee of Trevali’s Board, which has engaged a leading international search firm to assist in identifying candidates with a track record of value creation and disciplined operational performance overseeing asset portfolios across diverse cultures and jurisdictions.
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
“Mark D. Cruise” (signed)
Mark D. Cruise, President and CEO
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 identification and appointment of a new Chief Executive Officer, the role and activities of the Transition Oversight Committee of the Board during the transition process, the Company’s growth, exploration and capital allocation strategies, and planned cost and operational optimization activities.
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. Assumptions have been made regarding, among other things, present and future business strategies and the environment in which the Company will operate in the future, including commodity prices, anticipated costs and ability to achieve goals.
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 the ability to attract suitable executive and board leadership, the ability to grow the assets and operations of the Company, as well as other risks as more fully described in the Company’s annual information form for the year ended December 31, 2017, 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