Trevali Mining stock: Operations in Peru and zinc production focus

Trevali Mining Corp. operates underground mines primarily in Peru, focusing on zinc, lead, and silver production. The company reported operational updates from its Perkoa mine in Burkina Faso before its suspension, but maintains activity at the Santander mine in Peru. As a mid-tier producer, Trevali supplies metals essential for galvanizing steel and batteries, relevant for US investors tracking commodity exposure.

The Santander mine in Peru produced 1.6 million tonnes of ore in 2023, yielding 39,602 tonnes of zinc concentrate, according to the company's annual report as of April 1, 2024. Operations emphasize high-grade zinc deposits, with ongoing exploration to extend mine life.

As of: 13.05.2026

By the editorial team – specialized in equity coverage.

Trevali Mining: core business model

Trevali Mining Corp. is a base metals producer centered on zinc mining. Its flagship Santander mine in Peru features polymetallic deposits processed into concentrates sold to global smelters. The company employs conventional underground mining techniques, supported by on-site milling capacity of 2,000 tonnes per day.

Historically, Trevali expanded through acquisitions like the Perkoa mine in Burkina Faso, acquired in 2015. That asset produced over 20 million tonnes of ore before a 2024 suspension due to security issues. Zinc remains the primary revenue source, accounting for over 60% of output value in recent years.

Main revenue and product drivers for Trevali Mining

Zinc concentrate from Santander drives the bulk of revenue, with lead and silver byproducts adding value. In Q4 2023, zinc production hit 11,400 tonnes, per the company's operational update as of March 2024. Prices for zinc, trading around 2,800 USD per tonne in early 2026 on the LME, directly impact earnings.

Exploration drilling at Santander targets the 40 South zone, aiming to boost reserves. Trevali also pursues sustainability initiatives, including water recycling at Peruvian sites, to meet ESG standards demanded by US institutional investors.

Industry trends and competitive position

The zinc market faces supply constraints from mine closures in Europe and Australia, supporting prices. Trevali competes with Glencore and Teck Resources but differentiates via Peruvian cost advantages, with C1 cash costs around 0.90 USD/lb zinc in 2023.

Why Trevali Mining matters for US investors

Trevali's zinc output supports US infrastructure via galvanized steel imports and EV battery supply chains. Listed on the TSX with OTC trading in the US, it offers North American investors exposure to South American mining without direct emerging market risks.

Conclusion

Trevali Mining Corp. sustains operations at Santander amid a challenging environment post-Perkoa suspension. Focus on zinc production positions it in a market with steady demand. Investors monitor exploration results and metal prices for future performance. Ongoing Peruvian developments remain key.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.