Revett Minerals (NYSEAMEX:RVM; RVM.TO) has announced their Financial results for the third quarter. Earnings per share came in at $0.13, and the company’s cash position increased to a healthy $33.1M.
The company also updated the market on the progress at Rock Creek, where a ruling of the Montana Supreme Court has decided that Revett is required to obtain a MPDES discharge permit instead of a general water discharge permit. The company hopes to receive this MPDES permit by the middle of next year.
Montana senator Max Baucus has visited Revett’s Troy Mine, and has pledged his support for the development of Revett’s Rock Creek project. You can read the entire article in the Sanders County Ledger [download_link link=”http://www.caesarsreport.com/wp-content/uploads/2012/11/Baucus%20Sanders%20Co%20Ledger%20Article.pdf”]download the article here [4.5Mb].[/download_link]
Disclosure: The author holds a long position in Revett Minerals Inc. Please see our disclaimer for current positions.