Local News

A New Mine Continues Development

VMS Ventures reports progress continues at the Reed Mine located between Flin Flon and Snow Lake.  VMS owns 30 percent of the mine with Hudbay owning 70 percent and is the operator.

             

The grand opening of the mine was held September 16th and VMS Chief Operating Officer Neil Richardson said late last week the early stages of any operation can be challenging but so far Reed has come on stream close to their 2014 mining plan.  He says ore productions started at zone 30 which is the lowest copper grade zone in the mine but they continue to work alongside their joint venture partner Hudbay to develop the mine and work toward maintaining production levels and safety of their workforce.

             

During the third quarter of this year the Reed Mine produced just over 109 thousand tonnes of ore at a copper grade of 2.23 percent and zinc grade of 1.79 percent from a combination of ore development and longhole stope mining.

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