Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Canadian miner Trevali is planning to resume zinc operations at its wholly owned Caribou mine in New Brunswick, Canada after the site’s care and maintenance halt that began in March of 2020.


According to a news release, the base-metals miner expects to begin mining in early February with zinc production reaching targets by late-March. Caribou’s zinc output in 2021 is expected between 27,216-29,484mt, while lead production is estimated at 9,525mt or up to 10,433mt for the year. In 2022, Trevali plans to produce 32,659-34,927mt of zinc from the mine, once it reaches full-year production.


Trevali plans to continue ramping up capacity at Caribou while also considering an expansion at its Bathurst mine as the zinc market seems optimistic. Capital expenses for the plan are calculated at $9mn for 2021 and $2mn in 2022. During the coming month, resumption of operations is estimated at a cost of $7mn. 

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