Trevali invests $20 million in Caribou Mine operations
Some new mining gear will soon be on its way to Caribou Mine, near Bathurst, following a multimillion dollar deal between Trevali Mining Corporation and Sandvik Mining.
The partnership will see Trevali manage and operate aspects of the underground mining operation and commit $20 million dollars for the purchase of mining equipment.
Sandvik will be responsible for managing the fleet.
Trevali CEO Mark Cruise expects the agreement will form a pathway for the company's long-term, multi-cycle vision for the Bathurst Mining Camp.