Revett Mineral’s Troy Mine Produces 7,550,000 lbs/Copper through November

Revett Minerals Inc. (TSX:RVM, NYSE:RVM, AMEX:RVM) announced updates on copper production at its Troy Mine in Montana through November 30, 2012,

As quoted in the press release:

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. 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.

Revett’s President and CEO, John Shanahan, said:

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.

To view the whole press release, click here.