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Last $0.47 USD
Change Today +0.015 / 3.29%
Volume 265.9K
RVM On Other Exchanges
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

revettmining co inc (RVM) Snapshot

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52 Week High
09/2/14 - $1.31
52 Week Low
01/21/15 - $0.33
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revettmining co inc (RVM) Details

Revett Mining Company, Inc. explores for and develops mineral properties. The company explores for silver and copper ores. It principally holds interests in the Troy Mine located in Lincoln County, Montana; and the Rock Creek project located in Sanders County, Montana. The company was formerly known as Revett Minerals Inc. and changed its name to Revett Mining Company, Inc. in February 2014. Revett Mining Company, Inc. was founded in 1999 and is based in Spokane Valley, Washington.

64 Employees
Last Reported Date: 03/27/14
Founded in 1999

revettmining co inc (RVM) Top Compensated Officers

Chief Executive Officer, President, Non-Indep...
Total Annual Compensation: $308.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $140.4K
Vice President of Operations
Total Annual Compensation: $160.0K
Director of Investor Relations and Corporate ...
Total Annual Compensation: $88.0K
Compensation as of Fiscal Year 2013.

revettmining co inc (RVM) Key Developments

Revett Mining Company, Inc. Announces Consolidated Financial Results for the Third Quarter Ended September 30, 2014; Provides an Update on Troy Mine Operations and Rock Creek Permitting

Revett Mining Company, Inc. announced consolidated financial results for the third quarter ended September 30, 2014. Net loss for the third quarter of 2014 was $2.1 million, or $0.05 per share basic compared to net loss for the third quarter of 2013 was $0.6 million or $0.02 per share basic. Net cash used in operations were $4.6 million against $2.1 million a year ago. The company has crushed and stored approximately 20,000 tons of ore and expects an additional 15,000 tons will be mined and available for milling in November, 2014. Milling operations are planned to commence the week of November 17th with limited milling and concentrate production continuing until completion of the I Bed development. I Bed development remains on schedule for completion in mid-year 2015, at which point milling operations will begin to ramp up to a planned production rate of 4,000 tons per day. The company has now completed approximately 8,100 feet of the total planned 13,400 feet of development drifting. The west decline is now the access point to the North C Bed orebody. The east decline, once completed, will provide access to the I Bed orebody. Rock Creek Permitting Update: The U.S. Forest Service (USFS), as lead agency, continues to make important progress towards completion of a Supplemental Environmental Impact Statement (SEIS) for the project. To date, all information requests from the USFS have been submitted by the Company. The USFS is currently reviewing a preliminary draft of the SEIS prior to seeking review from co-operating agencies and public comment. The company anticipates that the SEIS will be issued for public comment sometime in the first half of 2015. When issued, the SEIS, together with the Biological Opinion that was upheld by the Ninth Circuit Court of Appeals in November 2011, will form the basis of a new Record of Decision (ROD).

Revett Mining Company, Inc., Q3 2014 Earnings Call, Nov 12, 2014

Revett Mining Company, Inc., Q3 2014 Earnings Call, Nov 12, 2014

Revett Mining Resumes Underground Crushing Operations at Troy Mine

Revett Mining Company, Inc. announced that it has recently intersected mineralization in the North C Bed orebody from the west development drift and has recommenced underground crushing operations. The company will crush and store approximately 25,000 tons of ore prior to restarting milling operations which is expected to take place in November, 2014. Limited milling and concentrate production will continue until the ongoing I Bed Development is fully complete. I Bed development remains on schedule for mid-year 2015, at which point milling operations will begin to ramp up to a continuous basis, ultimately targeting a planned production rate of 4,000 tons per day. The company has now completed approximately 7,000 feet of development drifting of a total planned 13,400 feet for full I Bed development. The west decline will serve as the access point to the C Beds while the east decline will continue with development to the I Bed orebody. The Troy Mine continues to report a strong safety record.


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