When production resumes at the Troy Mine, there will be enough reserves to keep mining for 12 years, Revett Minerals Inc. announced this week.
“We always had the vision that the Troy Mine life could be extended and would be extended beyond the amount of time that we had on the records,” said Monique Hayes, the company’s director of communications.
Revett purchased the mine near Troy in 1999 and began production in late 2004. At that time, the mine’s life was estimated at three years. In late 2012, the mine suspended operations because of rock falls and cave-ins. By then, the life of the mine had been extended to seven years, Hayes said.
Through ongoing exploration and confirmation of existing data, the life has since been extended to 12 years, which will begin when mining operations resume later this year.
“Really, I think more than anything for us, it is just to reaffirm the fact that we are still dedicated to the operation,” Hayes said, adding Revett’s dedication extends to the community.
Work is currently underway to construct a new tunnel at the Troy Mine. The route was approved by the Mine Safety and Health Administration in November.
Limited production of copper and silver is anticipated by the last quarter of this year, with full production resuming in the first half of 2015, Hayes said.
As operations amp up, so will employment numbers.
Currently, 56 people remain at work and that number could double by the end of the year as production resumes, Hayes said.