Wednesday, May 14, 2014
Kudos to the new owners of the Revenue-Virginius mine, who expressed their intent to keep the local workforce and management structure in place. They plan to expand from 250 tons of production a day at first to 400 tons per day. They also hope to become a local hub for processing raw materials.
With a loan payout period of 13 years, and an eye on expansion, it's clear that this group plans to grow and encourage the growth of mining in the San Juans.