Revett Minerals Reports Operating Results
SPOKANE VALLEY, WA - Revett Minerals Inc. reported on its operating and financial performance for the three and six months ended June 30, 2008.
The major highlights for the three and six months ended June 30, 2008 include the following:
Troy has now operated for 12 consecutive months without a lost time incident; Troy (100% basis) attained mill throughput averaging 3,645 tons per day for the three months ended June 30, 2008 ( and 3,489 tons per day for the first six month period in 2008) compared to 3,711 tons per day during the three months ended June 30, 2007 ( and 3,801 tons per day for the six month period ended June 30, 2007); Troy (100% basis) generated over $5.2 million in cash for the three months ended June 30, 2008 bringing its year to date cash flow to over $3.6 million; Troy (100% basis) generated net earnings before taxes of $3.4 million for the second quarter of 2008 and $6.6 million for the six month period ended June 30, 2008; Troy (100% basis) produced 2.4 million pounds of copper and 259,847 ounces of silver in concentrate during the second quarter of 2008 compared to 3.5 million pounds of copper and 372,332 ounces of silver for the three months ended June 30, 2007; For the six month period ended June 30, 2008, Troy produced 4.5 million pounds of copper and 491,759 ounces of silver in concentrate compared to production of 6.8 million pounds of copper and 731,466 ounces of silver in concentrate for the comparable six month period in 2007; The Troy Mine has entered into a contractual agreement with Small Mine Development LLC ("SMD") whereby SMD will provide contract mining services to assist in development of the "C-Beds" and also assist in the on-going mining and development in the East Ore Body.
The company's address is 11115 East Montgomery, Suite G, Spokane Valley, WA 99206, (509) 921-2294, fax: (509) 891-8901.