GREY:VMSTF - Post by User
Post by
axegirl1on Aug 14, 2012 6:32pm
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Post# 20217557
Trout Lake Mine Closes
Trout Lake Mine Closes Reed Copper Project Development Progressing on Schedule
During the second quarter, Hudbay's focus for its 70% owned Reed copper project in Manitoba was preparation of the site for portal development. The project is on schedule as Hudbay commenced the trench excavation in June 2012. Hudbay has also completed the site leveling for the mechanical shop and warehouse office, changehouse and parking lot pads, as well as camp expansions to accommodate the workforce for the development stage of the project. Materials and equipment from the Trout Lake mine have begun arriving at site, and Hudbay has ordered new mobile equipment and compressors for delivery in the third quarter of 2012. Hudbay has also issued tenders for the mechanical shop and warehouse.
Hudbay expects initial production at the Reed copper project by the fourth quarter of 2013 and anticipate ramp-up to full production of approximately 1,300 tonnes per day by the first quarter of 2014.