Last $0.98 USD
Change Today -0.0399 / -3.91%
Volume 19.1K
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As of 8:04 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

revettmining co inc (RVM) Snapshot

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09/2/14 - $1.31
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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
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

revettmining co inc (RVM) Key Developments

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.

Revett Mining Company, Inc. Presents at Denver Gold Forum, Sep-16-2014 06:00 PM

Revett Mining Company, Inc. Presents at Denver Gold Forum, Sep-16-2014 06:00 PM. Venue: Hyatt Regency, 650 15th Street, Denver, CO 80202, United States. Speakers: John G. Shanahan, Chief Executive Officer, President, Non-Independent Director, Member of Environmental Committee and Member of Safety Committee.

Revett Mining Company, Inc. Enters into USD 5.0 Million Loan Agreement

Revett Mining Company, Inc. announced that it has entered into a USD 5.0 million loan agreement with a major equipment financing company. The agreement is collateralized by mobile and selected surface equipment at the company's wholly owned subsidiary, Troy Mine, Inc. and bears interest at 6.25% per annum. Existing capital equipment leases in the amount of USD 356,740, now form part of the new 30 month loan agreement. Advances from this loan agreement will be used to complete the ongoing I Bed development programs at the Troy Mine in northwest Montana. The Troy Mine is scheduled to resume limited commercial production in the fourth quarter of 2014; and, if development continues as planned, resume full planned production levels by mid-2015. The company has mutually agreed to terminate, effective August 15, 2014, its existing USD 20 million revolving credit facility with Societe Generale which was due to expire on December 31, 2014. The credit facility was not drawn upon. The company has no other debt, other than the debt incurred under the new loan agreement.


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