Revett Minerals Inc. (
) issued an update on monitoring activities at its Troy Mine in
northwest Montana, reporting that all underground activities were
suspended by the company in mid December following the assessment
of unstable ground conditions in non active mining areas that RVM
deemed unsafe for the continuance of day to day underground
Working with the National Institute for Occupational Safety and
Health (NIOSH), the company collected data that suggests that
ground conditions have stabilized. Based on this information, RVM
will seek to re-enter underground workings in order to complete
inspections of underground infrastructure and equipment and to
install further geophone monitoring devices.
RVM did not offer a resume date.
RVM is down 0.7% at $2.80, trading in the low end of the stock's
52-week range of $2.68 - $5.11. Shares have fallen 41% in the last
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