VMS Ventures Inc. and Hudbay Break Ground at New Copper Mine in Manitoba
Vancouver, B.C., August 14, 2012 - VMS Ventures Inc. (VMS: TSX-V) (“VMS”) and its joint venture partner, Hudbay Minerals Inc. (TSX:HBM) (NYSE:HBM) (“Hudbay”) will be hosting a groundbreaking ceremony today at its Reed Lake property in Flin Flon, Manitoba, signaling their commitment to the new copper mine.
Dave Chomiak, Minister of Innovation, Energy and Mines, David Garofalo, President and CEO of Hudbay, and Rick Mark, CEO of VMS Ventures will be attending and are scheduled to speak at today’s ceremony.
“We are delighted to be a part of today’s Reed Copper Mine opening ceremony. Reed has advanced towards production very quickly. We made the discovery in 2007 and signed a Joint Venture with Hudbay on July 5, 2010,” said Rick Mark, VMS’ chief executive officer and chairman. “HudBay is on schedule and on budget and VMS is pleased to be working with such an experienced partner.”
Mining at the Reed copper project is expected to begin by Q4 2013, and is anticipated to ramp up to full production of approximately 1,300 tonnes per day by Q1 2014. CLICK HERE TO READ MORE
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VMS Ventures Inc.
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EXPLORATEUR |
CODE : VMS.V |
ISIN : CA91828R1091 |
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VMS Ventures est une société d’exploration minière de zinc et d'or basée au Canada. VMS Ventures détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont REED LAKE, LEAK LAKE, COVER et COPPER PROJECT au Canada. VMS Ventures est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 19,0 millions CA$ (13,9 millions US$, 13,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 1,76 CA$, et son plus bas niveau récent le 22 janvier 2016 à 0,05 CA$. VMS Ventures possède 146 480 000 actions en circulation. |