Revett Minerals

Published : April 11th, 2007

Reports on Troy's Operational Improvements

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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
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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
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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
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5/8/201510-Q for Revett Mining Co., Inc.
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3/30/2015Revett Mining Company Provides 2014 Financial Results
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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
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6/20/2014Revett Mining Announces Results of Its 2014 Annual Meeting
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3/27/2014Revett Mining Company Provides 2013 Financial Results
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5/26/2011Begins Trading on NYSE Amex Options
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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)
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