Revett Minerals

Published : March 30th, 2015

Revett Mining Company Provides 2014 Financial Results

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Revett Mining Company Provides 2014 Financial Results

Revett Minerals Inc.

Revett Mining Company Provides 2014 Financial Results

Spokane Valley, Washington, March 30, 2015; Revett Mining Company, Inc. (NYSE MKT: RVM / TSX: RVM) ("Revett" or the "Company") announced today its consolidated operating and financial results for the year ended December 31, 2014. The financial results are based on US GAAP and all currencies are in United States dollars unless otherwise indicated.

Summary:

Cash and short term investments on hand was $2.9 million as of December 31, 2014.

The Company's working capital was $1.6 million as of December 31, 2014.

Revett continues to progress permitting for the Rock Creek project. Awaiting the issuance of a draft supplemental EIS for public comment which is expected in mid-2015.

An orderly shutdown of mining and milling operations at the Troy Mine and the transition to care and maintenance was completed during February 2015.

On March 27, 2015 the Company announced it had entered into a merger agreement pursuant to which Hecla will acquire Revett. In the proposed merger, each outstanding common share of Revett will be exchanged for 0.1622 of a common share of Hecla. Based on Hecla's closing price of $3.23 on March 25, 2015 (the day prior to signing the agreement) this represents a 32% premium to Revett's 20 day VWAP (volume weighted average price) through March 25, 2015. The proposed transaction is more fully described in the Company's Form 8-K filed March 27, 2015 on EDGAR.

Consolidated Financial Results

Net loss for the year was $61.9 million or $1.63 per share, compared to a net loss of $11.6 million or
$0.33 per share for 2013. The increased loss resulted primarily from the $54.7 million impairment of the
Company's property, plant and equipment in 2014

Selected Financial Highlights:

2014

2013

Revenue

$6 T

$73 T

Working Capital

$1.6 M

$10.6 M

Net loss

$61.9 M

$11.0 M

EPS (basic)

($1.63)

($0.33)

EPS (fully diluted)

($1.63)

($0.33)

Cash & short term investments

$2.9 M

$8.0 M

11115 East Montgomery, Suite G, Spokane Valley, WA 99206

509-921-2294 fax 509-891-8901

The Company has scheduled a conference call to review the results on Monday, March 30, 2015 at
11:30am (EDT). To participate in the call, North American callers can call (877) 930-8096 and International callers can call (253) 336-8121. Please dial in to the call approximately five to ten minutes prior to the scheduled start time of the call. The conference call and all questions and answers will be recorded and made available until April 13, 2015. To listen to the recording, call toll free (855) 859-2056 or (404) 537-3406 and enter the access code 15383858.

About Revett

Revett, through its subsidiaries, owns and operates the Troy Mine currently on care and maintenance in Lincoln County, Montana and the permitting-stage Rock Creek Project located in Sanders County, Montana, USA.
John Shanahan
President & CEO
For more information, please contact: Monique Hayes, Corporate Secretary/Director Investor Relations at: (509) 921-2294 or visit our website at www.revettmining.com.
Except for the statements of historical fact contained herein, the information presented in this news release may contain "forward-looking statements" within the meaning of applicable Canadian securities legislation and The Private Securities Litigation Reform Act of 1995. Generally, these forward looking statements can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "is not expected", "budget", "schedule", "estimates", "forecasts", "intends", "anticipates", "or does not anticipate" or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements contained in this news release include but are not limited to those relating to the completion of the merger, the risk that the permitting process for the Rock Creek project could be more difficult than anticipated and our expectation that the SEIS will be issued by mid-year for public comment. Forward looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business and economic uncertainties, risks and contingencies and those factors discussed in the section entitled "Risk Factors" in the Company's Form 10-K filed on March 30, 2015 with the Securities and Exchange Commission (SEC) and also filed on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Revett Mining Company does not undertake to update any forward-looking statements except as required by applicable securities laws.

11115 East Montgomery, Suite G, Spokane Valley, WA 99206

509-921-2294 fax 509-891-8901

Read the rest of the article at www.noodls.com

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)
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