Revett Mining (RVM) climbs on Hecla deal

Revett Mining Company, Inc. (NYSE MKT:

) shares gained 3.1% to 47 cents, on word that the company and Hecla Mining Company have entered into a merger agreement pursuant to which Hecla will acquire Revett. In the proposed merger, each outstanding common share of Revett will be exchanged for 0.1622 of a common share of Hecla. Share volume was 14,100 compared to an all-day average of 11,700