This information was accurate at the time of posting, but may be superseded by
subsequent news releases.
Revett Minerals Inc. Reports on Troy’s Continuing Production Improvements
July 13, 2007Spokane Valley, Washington (July 13, 2007) - Revett Minerals Inc. (TSX-RVM) (“Revett” or the “Company”) is pleased to report on the continuing improvement in the operating performance of its 67% owned Troy Mine (“Troy”) located in northwest Montana. With the very strong copper and silver prices and the improving metal production at Troy, the Troy Mine is beginning to generate good levels of cash on a monthly basis.
The second quarter of 2007 represents the best metal production since Revett resumed mining activities at Troy, with second quarter metal production exceeding the record level of production achieved in the first quarter of 2007. The table below identifies the production improvements that were achieved during the second quarter of 2007 compared to the comparable quarter in 2006.
|
|
2nd Quarter
|
2nd Quarter
|
2007 vs 2006
|
Full Year
|
|
|
2007
|
2006
|
Change
|
2006
|
|
Tons milled
|
337,712
|
228,275
|
47.9%
|
944,783
|
|
Tons per day
|
3,711
|
2,509
|
47.9%
|
2,588
|
|
Cu Grade (%)
|
0.59
|
0.49
|
20.4%
|
0.46
|
|
Cu Recovery (%)
|
87.1
|
84.7
|
2.8%
|
83.5
|
|
Cu production (lbs)
|
3,490,592
|
1,902,023
|
83.5%
|
7,304,383
|
|
Ag Grade (%)
|
1.24
|
1.18
|
5.1%
|
1.13
|
|
Ag recovery (%)
|
88.5
|
88.6
|
(0.1%)
|
86.2
|
|
Ag production (ounces)
|
372,330
|
237,767
|
56.6%
|
916,969
|
Mr. Bill Orchow, President and CEO, stated “The Company is extremely pleased with the continued progress our employees have made in improving the operating performance of Troy. We are seeing the benefits of the improving skills of our workforce and the benefits of improved training and preventive maintenance programs. It is also gratifying to note that these production improvements have been accomplished without diminishing Troy’s excellent safety record or its continued commitment to the highest standards of environmental protection. In fact, Troy has not experienced a lost time incident in a year.”
William Orchow
President & CEO
For more information, please contact:
Scott Brunsdon, CFO or Doug Ward, VP Corporate Development at (509) 921-2294
This press release contains forward-looking statements regarding the Company’s ability to sustain and increase production at the Troy Mine. Such forward-looking statements assume, among other things, that there are no major geotechnical problems, that supplies and consumables remain available at reasonable prices and are available in a timely manner, that the workforce training programs continue to be effective, that mechanical availability of the equipment remains at planned levels and that the future prices of silver and copper are such that the mine continues to be economically viable. Actual results may differ materially from those contemplated by the forward-looking statements if any of these assumptions prove incorrect. The forward-looking statements contained in this press release represent the Company’s views and expectations as of the date of this press release and should not be relied upon as representing the Company’s views and expectations as of a subsequent date.
© Copyright 2010, Revett Minerals, Inc.
