Revett Minerals Inc. (RVM)

[Picassa]

Production at the Troy Mine is expected to be approximately 1.3 million ounces of silver and 11.0 million pounds of copper for 2011. Based on the current mine plan, mill throughput is anticipated to average 4,000 tons per day and grades are expected to improve averaging 1.20 ounces per ton silver and 0.46% copper as more production is gained from the recently developed C Bed area. Production costs on a net of byproduct basis are expected to be $3.32 per ounce of silver and $1.48 per pound of copper and on a co-product basis costs are estimated to be $10.39 per ounce of silver and $2.08 per pound of copper.

Ensuring around 75% of Company's operating costs are covered, Revett has hedged approximately 25% of its 2011 estimated silver production at US$19.00 per ounce and 50% of its estimated copper production at US$3.55 per pound The remaining 75% of silver and 50% of copper production enables the Company to fully capitalize on higher metal prices