Ivernia Provides Business Update in Light of Recent Market Conditions

All Dollar Amounts Are in U.S. Dollars ( US$ ) Unless Otherwise IndicatedTORONTO, Dec 23, 2014 (GLOBE NEWSWIRE via COMTEX) Ivernia Inc. ( Ivernia or, collectively with its subsidiaries, the Company ) (TSX:IVW) today provided an operations and finance update in light of recent market conditions. Management anticipates meeting its production guidance range this year with approximately 80,000 tonnes of lead metal contained in concentrate expected to be produced in 2014. Sales are expected to fall between 77,000 and 78,000 tonnes of lead metal contained. Demand for lead concentrate remains steady with the inventory accumulated in the third quarter of 2014 being largely drawn down in the fourth quarter with a small further draw down expected in Q1 2015. While production, sales and operations continue to meet management expectations, the price of lead remains the most significant factor affecting profitability and cash flow from the Company s operations and, in recent weeks, the LME lead pr
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