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Local News - Local News - May 24, 2012
Revett Minerals posts income, revenue jumps
Valley concern cites high silver and copper output at Troy Mine property

By Treva Lind
Of the Journal of Business

Spokane Valley-based mining company Revett Minerals Inc. has reported net income of $3.7 million, or 10 cents a diluted share, for the first quarter, up sharply from a net loss of $2.8 million, or 12 cents a share, in the year-earlier period.

The company says its total revenue for the quarter increased by nearly 50 percent to $19.2 million, compared with $12.8 million in the 2011 first quarter. It attributes the increases mostly to higher metal production at its Troy Mine, near Tro...


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