Local News

The Reed Mine continues to move toward commercial production

VMS Ventures reports the Reed Mine near Snow Lake is staffing up to meet increased development and production targets.  Their Chief Operating Officer Neil Richardson says they are pleased the Reed Mine continues towards commercial production with ramp development now approaching the 160 meter level.  He says the mine development is a critical process and the 325 meters of advancement in February is a testament to the motivation of the operational team at the mine. VMS owns 30 percent of the project with Hudbay holding 70 percent and is the operator.

             

Richardson adds the focus for March remains on safety and continued ramp development adding commercial production remains on schedule to start in the second quarter of this year and within the estimated budget parameters.  Almost 23 thousand tonnes of ore was mined there in February.

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