Zinc is one of the world’s most in demand commodities, behind only iron, aluminum and copper. The metal has a variety of uses including steel production, cosmetics, aerospace, and medicine.
London metal exchange (LME) warehouse levels of zinc in kt.
The global zinc market has had a supply deficit that experts anticipate to continue in 2019 and beyond as the metal is consumed faster than it is mined. Reflective of ongoing demand, inventory levels at the London Metals Exchange, a key metals market, have reached near-critical stockpile levels approaching five year lows in storage.
Canada is one of the top 10 producers of this metal and produced 344,294 tonnes of zinc in 2017 from mines located in Manitoba, Ontario, Quebec and New Brunswick.
| Canadian mine production of zinc, by province and territory, 2017 (p) | |||
|---|---|---|---|
| Ranking | Province | Thousand tonnes | Percentage of total |
| 1 | Manitoba | 137.0 | 39.8% |
| 2 | Quebec | 94.0 | 27.3% |
| 3 | Ontario | 72.0 | 21.0% |
| 4 | New Brunswick | 41.0 | 11.9% |
| Total | 344 | 100% | |
Canadian Zinc Production has fallen in the last decade but is recovering. In comparison, China the world’s largest zinc producers has cut production, with several operating mines depleted and affected by low grades opening up the way for a Canadian resurgence.
The current market environment makes Eastern Zinc one of the leading Zinc exploration opportunities in Canada.
Executives
Paul Ténière, M.Sc., P.Geo.
President & Chief Executive Officer
Mr. Ténière is a professional geologist with 20 years of diverse experience in the mining and oil & gas sectors in Canada, United States, and internationally taking projects from exploration to mine development. Paul has held senior roles with small cap to large mining companies developing precious metal, base metal, and metallurgical coal deposits, and has significant capital markets, regulatory, and corporate finance experience. He was Chief Geologist for Sherritt International Corp. and an Exploration Manager for Vale S.A. and Solid Energy New Zealand successfully developing coal mining projects in Australia and New Zealand. Paul has also worked on numerous carbonate-hosted Mississippi Valley Type (MVT) and SEDEX lead-zinc deposits, and porphyry-style copper-lead-zinc and gold-silver deposits in Canada, United States, and Europe.
Joel Dumaresq
Board Chair & Chief Financial Officer
Mr. Dumaresq brings 30 years experience in the financial sector holding financial and investment banking roles with RBC Dominion Securities and was a managing director of Vancouver based private equity and merchant banking firm Matric Partners Inc. for 12 years. Joel brings significant M&A experience and has managed a range of private & public enterprises worldwide including the resource sector.
Fred Tejada
Director
Mr. Tejada is a professional geologist with over 30 years of international mineral industry experience and has a proven track record, working with both major and junior mining and exploration focused organizations. Fred serves as CEO of European Electric Metals was previously Vice President for Exploration of Panoro Minerals Ltd. where he directed the resource definition drilling of its two major copper projects in Peru. He had also been previously involved in the exploration of the Trend and the Belcourt Saxon coal projects in Northeast British Columbia.
Stephen Stine
Director
Mr. Stine holds a B.S. in Metallurgical Engineering from the Colorado School of Mines and is is a veteran of seven mine permittings, two public consultations, six bankable feasibility studies, six mine constructions and startups and numerous project financings. He was involved with the development of the following mines: Bismark (Mexico), Cuajone (Peru), Rio Chiquito (Costa Rica), Twin Buttes (Arizona), Burma (Myanmar), Slovakia, Canada and United States.