Revett Minerals

Published : April 11th, 2007

Reports on Troy's Operational Improvements

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Copper | Recovery | Silver |

Revett Minerals Inc. Reports on Troy's Operational Improvements

Spokane Valley, Washington (April 11, 2007) - Revett Minerals Inc. (TSX-RVM) ("Revett" or the "Company") is pleased to report on the improved production performance of its 67% owned Troy Mine ("Troy") located in northwest Montana. Since the operation was restarted in December of 2004, Troy had experienced some difficulties in ramping up its production to the level originally anticipated. These difficulties were related to under utilization of its jumbo drills caused by low mechanical availability, from delays in obtaining replacement parts and by a shortage of trained underground miners, all of which contributed to underground development being behind schedule. As previously reported, the management of Troy has been aggressively working to rectify these problems and the Company believes that the 2007 first quarter operating results illustrate that substantial progress has been made in resolving these issues. In addition to improved operating efficiencies, the grade of ore mined during the first quarter improved as it reverted back to the average grade of ore as reported in the latest reserve report.

The first quarter of 2007 represents the best operating results since Revett resumed mining activities at Troy, including record mill through put, record recoveries in the mill and record production. Although mill through put averaged 3,891 tons per day in the first quarter, mill through put in the month of March averaged 4,241 tons per day. The table below identifies the production improvements that were achieved during the first quarter of 2007.
 

 

1st Quarter

1st Quarter

1st Quarter

Full Year

 

2007

2006

2005

2006

Tons milled

350,180

282,801

200,997

944,783

Tons per day

3,891

3,142

2,233

2,588

Cu Grade (%)

0.54

0.44

0.78

0.46

Cu Recovery (%)

87.1

81.7

78.3

83.5

Cu production (lbs)

3,302,352

2,026,697

2,474,000

7,304,383

Ag Grade (opt)

1.15

1.12

1.84

1.13

Ag recovery (%)

88.9

84.8

81.3

86.2

Ag production (ounces)

359,134

265,321

302,569

916,969

Mr. Bill Orchow, President and CEO, stated "The Company is extremely pleased with the progress our employees have made in improving the operating performance of Troy. We were confident that as the workforce gained operating experience, the tangible benefits of their improving skills would come to fruition as the benefits of our in-house training programs are beginning to be realized. 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."

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 expectations as OF A SUBSEQUENT DATE.

Revett Minerals

PRODUCER
CODE : RVM.TO
ISIN : CA7615051066
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
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
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (RVM.TO)AMEX (RVM)
0.570+1.79%0.468+1.72%
TORONTO
CA$ 0.570
06/17 15:48 0.010
1.79%
Prev close Open
0.560 0.550
Low High
0.550 0.570
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.570 -%
Volume 1 month var.
8,500 -%
Produces Copper - Silver
Develops Copper - Silver
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 9/25/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.83+1.56%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.69+13.19%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.58+0.69%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.10-9.09%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.46+1.23%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 7.10+1.72%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.24-5.77%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.35+1.45%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.37+6.76%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 65.33+8.65%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :