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News Breaks | | | | March 11, 2013 | | 08:05 EDT |  | RVM | Revett Minerals says 2012 silver production 1.1M oz. copper production 7.6M lb.
Revett Minerals announced its consolidated operating and financial results for the year ended December 31, 2012. For the full year of 2012, net cash from operations was $18.7M compared to $28.2M for 2011. The Company's working capital increased to $28.7M compared to working capital of $27.8M at the end of 2011. Adjusted EBITDA for the year ended December 31, 2012 was $9.7M compared to $20.6M for 2011. Silver production for the full year of 2012 was 1,112,089 ounces compared to 1,291,009 ounces for the full year of 2011. Copper production for the full year of 2012 was 7,555,215 pounds compared to 10,651,495 pounds for the full year of 2011. Replaced reserves equivalent to 100% of Troy Mine annual production, resulting in an eight year mine life at past production rates. Total revenue for 2012 decreased by 16% to $59.2M. Cost of sales increased slightly in 2012 by 1% compared to 2011. | |
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