GREY:VMSTF - Post by User
Comment by
mtsuiton Jul 16, 2013 7:22am
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Post# 21609522
RE:Hudbay hosted an analyst visit at Reed last week
RE:Hudbay hosted an analyst visit at Reed last weekMerrill Lynch comments:
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Reed project on schedule for first production in late 2013
The Reed copper project remains on schedule and on budget after dealing with
poor ground conditions early in the development of the ramp. Underground
development has advanced 850m as of mid-July. Definition drilling underground is
scheduled to begin in the fall and a production crew will begin work in January
2014. First production (development ore) is on schedule for Sept 2013 with
commercial production to follow in 1Q14.