Thursday, December 27, 2012

Revett Minerals Inc. - RVM.t

Revett Minerals Inc. - RVM.t is a silver/copper producer from the flagship Troy Mine in Montana.

The Company expects to report production of 1.325 million ounces of silver and 10 million pounds of copper in 2012. P&P resources are estimated at 10.53 million tons @ 1.18 opt Ag & 0.47% Cu

On December 17, 2012 the company released NEWS

"Revett Minerals Inc. (NYSE MKT:RVM / TSX:RVM) announces that due to concerns with underground geotechnical conditions, it has temporarily suspended underground mining operations at its Troy Mine located in northwest Montana.

While it is believed that conditions have stabilized, a decision has been made in consultation with our geotechnical consultants and MSHA to install geophone monitoring devices and to begin recording and analyzing data in the coming days. The company will review ground conditions on a daily basis and will resume underground operations as soon as possible. At this stage, we believe it may take up to two weeks to assess, monitor and return to full operations."