VMS closes ore deal with HudBay for Reed Mine

Jun 06, 2014 | 01:29 PM | Nathan Laliberte

Tags  VMS Ventures, Reed copper mine, HudBay Minerals, Rick Mark, British Columbia, ore sales and purchase agreement, copper, zinc 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 HudBay’s concentrating facility, as well as on the actual mining,....

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