Revett Minerals

Published : July 13th, 2007

Reports on Troy's Continuing Production Improvements

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Keywords :   Copper | Recovery | Silver |

Revett Minerals Inc. Reports on Troy's Continuing Production Improvements

Spokane 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

Renmark Financial Communications Inc.
Jason Roy : jroy@renmarkfinancial.com
Michael Shore : mshore@renmarkfinancial.com
Media - Eva Jura : ejura@renmarkfinancial.com
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com 

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 expecta TIONS AS OF A SUBSEQUENT DATE.

Revett Minerals

PRODUCER
CODE : RVM.TO
ISIN : CA7615051066
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Revett is a silver and copper producing company based in United states of america.

Its main asset in production is TROY in USA and its main asset in development is ROCK CREEK in USA.

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Corporate Presentations of Revett Minerals
9/17/2009Comprehensive Coverage of Financial Markets
Annual reports of Revett Minerals
Annual report 2006
Financials of Revett Minerals
5/12/2011Provides Q1 2011 Financial Results
3/23/2011Reports on 2010 Financial and Operating Results
8/13/2008Reports Operating and Financial Results for the Three and Si...
3/28/2008Reports on 2007 Financial and Operating Results
8/13/2007 Reports Strong Operating and Financial Results for the Thre...
5/11/2007Reports Operating and Financial Results for the Three Months...
Project news of Revett Minerals
1/24/2008(Troy)Updates Reserve Estimates at the Troy Mine.
12/14/2007(Rock Creek)Reports on Significant Rock Creek Permit Progress
7/10/2007Announces Discovery of New Mineralization at Troy
4/11/2007Reports on Troy's Operational Improvements
Corporate news of Revett Minerals
5/8/201510-Q for Revett Mining Co., Inc.
4/30/201510-K for Revett Mining Co., Inc.
3/30/2015Revett Mining Company Provides 2014 Financial Results
3/27/2015Revett Minerals Inc.: HECLA TO ACQUIRE REVETT IN $20 MILLION...
3/2/2015Revett Mining Provides Update on Rock Creek Permitting and T...
3/2/2015Revett Minerals Inc. : Revett Mining Provides Update on Rock...
3/2/2015Revett Mining Provides Update on Rock Creek Permitting and T...
1/20/2015IIROC Trade Resumption - RVM
1/20/2015Revett Places Troy Mine on Care & Maintenance
1/19/2015IIROC Trading Halt - RVM
11/10/2014Revett Reports Q3 2014 Financial Results and Provides Troy M...
10/1/2014Revett Resumes Underground Crushing Operations at Troy Mine
8/26/2014Revett Announces US $5 Million Loan Agreement
8/11/2014Revett Reports Q2 2014 Financial Results and provides Troy M...
7/1/2014Revett Provides Update on Troy Mine Development and Rock Cre...
6/20/2014Revett Mining Announces Results of Its 2014 Annual Meeting
5/12/2014Revett Reports Q1 2014 Financial Results and Provides Troy M...
3/27/2014Revett Mining Company Provides 2013 Financial Results
3/27/2014Revett Mining Company Provides 2013 Financial Results
3/26/2014Revett Completes Private Placement
5/26/2011Begins Trading on NYSE Amex Options
5/4/2011Approved for NYSE Amex Listing
2/25/2011Announces Analyst Coverage Initiated by Stonecap Securities
9/10/2008Announces New President & CEO
6/2/2008Commences Work at Rock Creek.
11/26/2007Acquires Rock Creek Mitigation Lands
11/20/2007Mr. Louis Gignac Appointed Director
8/15/2007Reports Resumption of Mining at Troy.
7/31/2007Minerals Reports on Mine Fatality
7/13/2007Reports on Troy's Continuing Production Improvements
6/1/2007Funds First Phase of Grizzly Recovery Program
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TORONTO (RVM.TO)AMEX (RVM)
0.570+1.79%0.468+1.72%
TORONTO
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1.79%
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Year l/h YTD var.
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52 week l/h 52 week var.
- -  0.570 -%
Volume 1 month var.
8,500 -%
Produces Copper - Silver
Develops Copper - Silver
Explores for
 
 
 
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