Get Your Zinc On!
Operating, focused pure plays - best way to play stronger zinc price
• Zinc market has tightened (see pages 3-7) significantly over the last several years, with strong consumption growth well timed with the closure of significant mine capacity attributable to both end-of-mine life and producer discipline
We are initiating research coverage with BUY recommendations on both Trevali Mining (BUY: C$1.85 target) and Ascendant Resources (BUY: C$1.30 target))
• Ascendant is optimizing its El Mochito mine and will aggressively explore to both identify higher-grade 'chimney' structures and extend mine life (see page 19)