In mid-November 2020, Marie-Claude Dumont, senior operations manager at Trevali Mining’s Caribou zinc-lead-silver mine in northern New Brunswick, “dusted off the life-of-mine plan” for the operation the company had shuttered nine months earlier.
With zinc prices on the rise and a faint light at the end of the pandemic tunnel, Dumont and her team ran the numbers to assess the feasibility of restarting the mine. The models looked good, and with a healthy hedging deal in place, Trevali moved swiftly to announce the restart of the mine on Jan. 15, 2021.
By March 6, the first ore was at the surface and delivered to the stockpile, 20 days shy of a year since Trevali announced the temporary suspension of mine operations. Continue Reading →