VMS Venutres have 30 per cent ownership and Hudbay 70 percent and is the operator of Reed mine located between Flin Flon and Snow Lake.They report in November mining of Zone 20 stopes began on the 160 meter level resulting in increased copper grade. The focus for this month is on safety, ore production and driving the main decline down to the 235 meter level.
Chief Operating Officer Neil Richardson stated as of the end of November they have had 192 consecutive days with no lost time accidents and there has only been a single lost time accident through the life of the project and commercial production to date. He said in November the mining personnel worked safely through some heavily jointed ground while achieving good mine development and production. He adds year to date they are close to achieving budgeted tonnes and development meters.