VMS closes ore deal with HudBay for Reed Mine
Jun 06, 2014 | 01:29 PM
| Nathan Laliberte
NEW YORK VMS Ventures Inc. has completed an ore sales and purchase agreement with HudBay Minerals Inc. in connection with its 30-percent share of production from the Reed copper mine in Manitoba.
Revenue earned by VMS Ventures from the sale of its share of Reed ore is contingent upon actual mill recoveries achieved at HudBays concentrating facility, as well as on the actual mining,....
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