Revett Reports 2012 Production Update

 

SPOKANE VALLEY, WA - Revett Minerals Inc. reported an update on silver and copper production through the end of November 2012 from its Troy Mine located in northwest Montana.

Year to date production through November 30 is 1,115,000 ounces of silver and 7,550,000 pounds of copper. Operating conditions have been hampered by difficult ground conditions in the A and C Beds, along with an electrical outage in late November which has further affected mine throughput. John Shanahan, President and CEO said, ?We anticipate production during December 2012 to be at a rate of approximately 3,500tpd. As a result we now expect to produce 1.2 to 1.25 million ounces of silver and 8.0 to 8.5 million pounds of copper in 2012.

2013 production guidance is expected to be issued in late December, 2012.

We had hopes of recovering from a difficult start to the year caused mainly by extended rains and snowmelt in the second quarter. However, we have experienced difficult ground conditions into the fourth quarter, resulting in a reduction to our anticipated production for 2012. We continue to operate on a positive cash flow basis, but not to the extent as planned."

The company's address is 11115 East Montgomery, Suite G, Spokane Valley, WA 99206, (509) 921-2294, Fax: (509) 891-8901.