Posted in | News | Copper | Silver

Revett Minerals Extends Life of Troy Mine, Montana

Revett Minerals Inc. said that the Troy Mine situated in western Montana had enough copper and silver ore for the mine to operate for another 7 years minimum. It could even be longer, an official from the Spokane, Washington based company said.

The president of the company John Shanahan told Flathead Beacon that the higher prices being obtained for minerals have made it possible to mine the abundant low grade ore present at the mine profitably.

Nearly 1.4 million tons of ore was processed at the Troy Mine in 2011 and earned Revett Minerals nearly $30 million. The Troy Mine saw initial mining operations in 1981 and was shut down subsequently in 1993 due to low mineral prices.

More recently the upward spiraling prices of both copper and silver saw the mine being reopened in 2005. Despite the lower grade of mineral ore the mine is operating at a profit and hopes to continue to do so for at least another seven years.

Joel Scanlon

Written by

Joel Scanlon

Joel emigrated to Australia in 1995 and worked for five years in the mining industry as an exploration geotechnician, using GIS mapping and CAD software. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm. After that, he ran a successful business providing web services to businesses along the eastern seaboard of Australia. During this time, he developed and launched News-Medical.Net. Joel has been working with AZoNetwork since the company was founded in 2000.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Scanlon, Joel. (2019, March 19). Revett Minerals Extends Life of Troy Mine, Montana. AZoMining. Retrieved on June 05, 2023 from https://www.azomining.com/News.aspx?newsID=5854.

  • MLA

    Scanlon, Joel. "Revett Minerals Extends Life of Troy Mine, Montana". AZoMining. 05 June 2023. <https://www.azomining.com/News.aspx?newsID=5854>.

  • Chicago

    Scanlon, Joel. "Revett Minerals Extends Life of Troy Mine, Montana". AZoMining. https://www.azomining.com/News.aspx?newsID=5854. (accessed June 05, 2023).

  • Harvard

    Scanlon, Joel. 2019. Revett Minerals Extends Life of Troy Mine, Montana. AZoMining, viewed 05 June 2023, https://www.azomining.com/News.aspx?newsID=5854.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit