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Revett Provides Summary of 2010 Operations and Year End Reserves


February 8, 2011 - Spokane Valley, WA

Revett Minerals Inc. (TSX: RVM)(OTCBB: RVMID) ("Revett" or the "Company") is pleased to announce full yearoperating results and year end reserve and resource estimates for the TroyMine,located in northwest Montana. Currency is reported in United States dollarsunless otherwise indicated.

Troy Mine Operating Highlights

Revett is proud to have achieved its sixth consecutive year of increasedproductivity at its 100% owned Troy Mine. Highlights from 2010 include thefollowing:

* Net cash ((4)) provided from operations before capital expenditures was$12.2 million;

* Record mill throughput with 1.3 million tons processed. Averaging 3,807stpd for 2010 as compared to 3,725 stpd in 2009;

* Completion of the 3,000 ft. decline to access the higher grade C Bedarea;

* Extended the mine life of Troy to a total of seven years with theaddition of 4 million tons of mineable reserves in the I Beds; and

* Continued exploration efforts focusing on I Bed target areas beneathand adjacent to the existing mine infrastructure.

While the production rate improved overall in 2010, an increase indevelopmentfocus during the fourth quarter on the C bed area resulted in fewer activeheadings, temporarily reducing production and increasing direct operatingcosts.Head grades and metal recovery improved in January, and production isanticipated to return to planned levels as additional headings aredeveloped.

Total production for 2011 is estimated to be 1.3 million ounces of silverand11.0 million pounds of copper. 2011 production costs on a net of by-productbasis are expected to be $3.32 per ounce of silver and $1.48 per pound ofcopperand on a co-product basis costs are estimated to be $10.39 per ounce ofsilverand $2.08 per pound of copper.



--------------+----------+----------+----------+----------+----------
Troy Production| 1(st) | 2(nd) | 3(rd) | 4(th) |Total 2010
Summary((1)) | Quarter | Quarter | Quarter | Quarter |
---------------+----------+----------+----------+----------+----------
Mill Production| | | | |
---------------+----------+----------+----------+----------+----------
Mill Feed (st)| 379,592 | 354,359 | 352,296 | 276,645 | 1,362,892
---------------+----------+----------+----------+----------+----------
Mill Feed Rate| | | | |
(stpd) | 4,265 | 3,982 | 3,914 | 3,074 | 3,807
---------------+----------+----------+----------+----------+----------
Silver | | | | |
---------------+----------+----------+----------+----------+----------
Feed Grade - | | | | |
Oz/Ton Ag | 0.86 | 0.70 | 0.95 | 1.00 | 0.87
---------------+----------+----------+----------+----------+----------
Mill Recovery -| | | | |
Ag | 87.5% | 83.9% | 83.2% | 85.3% | 85.1%
---------------+----------+----------+----------+----------+----------
Recovered Ounces| 287,259 | 207,948 | 277,437 | 235,445 | 1,008,089
---------------+----------+----------+----------+----------+----------
Copper | | | | |
---------------+----------+----------+----------+----------+----------
Feed Grade - %Cu| 0.38% | 0.33% | 0.44% | 0.46% | 0.40%
---------------+----------+----------+----------+----------+----------
Mill Recovery - | | | | |
Cu | 85.1% | 80.7% | 76.6% | 82.7% | 81.2%
---------------+----------+----------+----------+----------+----------
Recovered Pounds| 2,456,190 | 1,888,935 | 2,347,643 | 2,101,202 | 8,793,970
---------------+----------+----------+----------+----------+----------
Cash Cost((2)) | | | | |
---------------+----------+----------+----------+----------+----------
Direct Operating| | | | |
Cost (US$/st) | $22.99 | $23.50 | $22.69 | $30.92 | $24.83
---------------+----------+----------+----------+----------+----------
By-Product Basis| | | | |
(payable)((3)) | | | | |
---------------+----------+----------+----------+----------+----------
- Silver(US$/oz)| | | | |
or,| $5.39 | $13.08 | $3.18 | $8.27 | $7.04
---------------+----------+----------+----------+----------+----------
- Copper(US$/lb)| $1.83 | $2.63 | $1.44 | $1.66 | $1.86
---------------+----------+----------+----------+----------+----------
Co-Product Basis| | | | |
(payable)((3)) | | | | |
---------------+----------+----------+----------+----------+----------
- Silver(US$/oz)| | | | |
and,| $12.38 | $16.40 | $12.42 | $17.14 | $14.38
---------------+----------+----------+----------+----------+----------
-Copper (US$/lb)| $2.30 | $2.84 | $2.13 | $2.38 | $2.38
---------------+----------+----------+----------+----------+----------
Net Cash from | | | | |
Operations((4))| $2.1m | $1.3m | $4.2m | $4.6m | $12.2m
---------------+----------+----------+----------+----------+----------

1. Production statistics are on a 100% basis.

2. Cash cost per payable ounce of silver or payable pound of copper isa non GAAP measure. The Company believes that, in addition to cost of sales, cash costs per ounce or per pound is a useful and complementary benchmarkfor performance and is well understood and widely reported in the miningindustry. However, cash costs per ounce does not have a standardized meaningprescribed by Canadian GAAP. Investors are cautioned that cash costs per ounce or per pound should not be construed as an alternative to cost of salesdetermined in accordance with Canadian GAAP as an indNeticator of performance. TheCompany's method of calculating cash costs per ounce or per pound may differ fromthe methods used by other entities and, accordingly, the Company's cash costsper ounce or per pound may not be comparable to similarly titled measures usedby other entities.

3. Average commodity prices used to off-set (by-product credit basis)or allocate (co-product basis) cash costs are the quarterly weighted averages from the London Metals Exchange for copper or the London Daily Fix forsilver.

4. Net cash before capital expenditures is a non GAAP measure. The Company believes that net cash provided from operations is a benchmarkfor performance and is well understood and widely reported in the miningindustry----------------------------------------------------------------------



Troy Reserves & Resources

Estimated Mineral Reserves and Resources as of December 31, 2010 are asshown inthe following tables:


 -------------------------------------+--------------------+--------------- Troy Reserves (Dec. 31, 2010) | Grades | ContainedMetals--------------------+---------------+---------+---------+--------+-------- Classification((1))| Tons | Silver |Copper (%)| Silver |Copper | (Mst)((2,3)) | (opt) | | (Moz) |(Mlbs)--------------------+---------------+---------+---------+--------+-------- Proven| 3.0 | 1.41 | 0.73 | 4.3 |43.8--------------------+---------------+---------+---------+--------+-------- Probable| 7.5 | 1.13 | 0.37 | 8.4 |54.9--------------------+---------------+---------+---------+--------+-------- Total| 10.5 | 1.21 | 0.47 | 12.7 |98.7--------------------+---------------+---------+---------+--------+--------

1. Mineral Reserves have been categorized in accordance with the classifications defined by the Canadian Institute of Mining, Metallurgy,and Petroleum ("CIMM").

2. Does not include resources contained in planned pillars. Onlymaterial scheduled to be extracted and milled included.

3. The estimated mineral reserves were calculated by Mr. LarryErickson, P Eng., a Qualified Person ("QP") in accordance with Canadian National Instrument 43-101 ("NI 43-101"). They are stated using a cut-off grade ofUS$ 25.57 net smelter return per ton calculated at US$ 14.90/oz Ag andUS$3.02/lb Cu. Mr. Erickson is an employee of Revett and is not consideredindependent.-------------------------------------------------------------------------------



--------------------------------------+------------------+------------------ | Grades | ContainedMetals Troy Resources (Dec. 31, 2010) | |-----------------------+-------------+--------+--------+--------+-------- Classification((1)) | Tons | Silver | Copper | Silver |Copper | (Mst)((2,3)) | (opt) | (%) | (Moz) |(Mlbs)-----------------------+-------------+--------+--------+--------+-------- Measured | 48.2 | 1.36 | 0.67 | 65.5 |643.3----------------------+--------------+--------+--------+--------+-------- Indicated | 14.8 | 1.13 | 0.37 | 16.7 |110.5----------------------+--------------+--------+--------+--------+-------- Total Measured & | 63.0 | 1.30 | 0.60 | 82.2 |753.8 Indicated* | | | | |----------------------+--------------+--------+--------+--------+-------- | | | | |----------------------+--------------+--------+--------+--------+-------- JF Property((4)) | 11.0 | 1.40 | 0.40 | 15.4 | 88.8----------------------+--------------+--------+--------+--------+-------- Total Inferred | 11.0 | 1.40 | 0.40 | 15.4 | 88.8----------------------+--------------+--------+--------+--------+-------- | | | | |----------------------+--------------+--------+--------+--------+-------- Total Measured, | 74.0 | 1.32 | 0.57 | 97.6 |842.6 Indicated & Inferred | | | | |----------------------+--------------+--------+--------+--------+-------- | | | | |----------------------+--------------+--------+--------+--------+-------- *Pillars Incl. in | 44.2 | 1.35 | 0.66 | 59.8 |583.1 Meas. & Ind. | | | | |----------------------+--------------+--------+--------+--------+--------

1. Mineral Resources have been categorized in accordance with the classifications defined by the CIMM.

2. Includes Proven & Probable Reservesand resources contained inexisting pillars.

3. The estimated mineral resources were calculated by Mr. LarryErickson, P Eng., a QP in accordance with NI 43-101. They are stated using a cut-off grade of US$ 25.57 net smelter return per ton calculated at US$ 14.90/ozAg and US$3.02/lb Cu. Mr. Erickson is an employee of Revett and is notconsidered independent.

4. Resources listed for the JF Property are a historical estimate withthe meaning of NI 43-101 and have not been audited by a Qualified Person. In 1992, ASARCO reported in an internal report a "Mineral Reserve" for the JF deposit of "11 million tons grading 0.4% Cu and 1.4 opt Ag." Thishistorical mineral resource estimate, which was prepared before the adoption of NI 43-101 and uses categories other than the ones set out in section 1.2 ofNI 43-101, is considered relevant. A QP has not, however, done sufficientwork to classify the historical estimate as current mineral resources and accordingly, Revett does not treat ASARCO's historical estimate as current mineral resources. The Reader is cautioned that the ASARCO historicalestimate should not be relied upon. Revett has not yet taken the steps to validate this drilling information with new drilling data, however, Mr. LarryErickson, P Eng., a QP in accordance with NI 43-101, has reviewed ASARCO's drillingdata (ie; core logs, assay results, sections) and believes it to be reliable.Mr. Erickson is an employee of Revett.


Mr. John Shanahan, President and CEO, noted "2010 has proven to be apivotalyear as our operations at Troy have provided significant cash flow and ourdevelopment efforts have opened up new mining areas and identified furthernearterm exploration targets. As we focus on realizing the full potential oftheTroy Mine, meeting our 2011 production targets and advancing the RockCreekproject, we remain committed to the safety of our employees, thecommunitieswhere we operate and responsible mineral development above all else."

John Shanahan

President & CEO


Except for the statements of historical fact contained herein, theinformationpresented in this press release may contain "forward-looking statements"withinthe meaning of applicable Canadian securities legislation and ThePrivateSecurities Litigation Reform Act of 1995. Generally, these forwardlookingstatements can be identified by the use of forward-looking terminologysuch as"expects", or "does not expect", "is expected", "is not expected","budget","plans", "schedule", "estimates", "forecasts", "intends","anticipates", "ordoes not anticipate" or "believes" or variations of such words andphrases orstate that certain actions, events or results "may", "could", "would","might"or "will", "occur" or "be achieved". Forward-looking statementscontained inthis press release include but are not limited to statements withrespect to,anticipated grades and production at the Troy Mine, extending the life ofmineat Troy Mine and anticipated production of the "C-bed. Actualresults anddevelopments could be affected by development risks and production risks,, aswell as those factors discussed in the section entitled "Risk Factors"in theForm 10-K filed on SEDAR at www.sedar.com and with the SEC on EDGAR.Althoughthe Company has attempted to identify important factors that could causeactualresults to differ materially, there may be other factors that causeresults notto be as anticipated, estimated or intended. There can be no assurance thatsuchstatements will prove to be accurate results and future events coulddiffermaterially from those anticipated in such statements. Accordingly,readersshould not place undue reliance on forward-looking statements. RevettMineralsdoes not undertake to update any forward-looking statements thatareincorporated by reference herein, except in accordance withapplicablesecurities laws.

This announcement is distributed by Thomson Reuters on behalf ofThomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Revett Minerals Inc. via Thomson Reuters ONE

[HUG#1486676]

For more information, please contact:
Monique Hayes
Corporate Secretary /
Director of Investor Relations
(509) 921-2294
or visit our website at
www.revettminerals.com.

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