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Canada
Reed Mine (Manitoba Operation)

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 Location:
120 km E from Flin Flon, Manitoba, Canada

  Regional Office:
777 North Mine St.
Flin Flon
Manitoba, Canada
R8A 1N9
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  • Overview
  • Owners
  • Geology
  • Mining
  • Processing
  • Production
  • Reserves
  • Costs & Financials
  • Personnel
  • Filings & News

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Overview

StatusClosing / Closed
Mine TypeUnderground
Commodities
  • Copper
  • Zinc
  • Gold
  • Silver
  • Gold Equivalent
Mining Method
  • Longhole stoping
Mine Life1 years (as of Jan 1, 2018)
The Reed mine produced its last ore in August, 2018 and processing of Reed ore was completed in early September, 2018. Closure activities at Reed mine were completed in October, 2018, with all equipment removed from site. Reclamation work is planned to continue in 2019.


Owners

Source: p. 7
CompanyInterestOwnership
Hudbay Minerals Inc. (operator) 73 % Indirect
On April 27, 2016, Royal Nickel Corporation acquired 100% of VMS Ventures, which currently owns 27% of the Reed Mine. VMS is a private company whose main asset is an interest in the Reed Mine, a low-cost copper producer located near Flin Flon, Manitoba. Hudbay Minerals Inc. (“Hudbay”) owns the remaining 73% of the Reed Mine and has served as manager and operator.

Contractors

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Deposit Type

  • VMS


Summary:

The property hosts a volcanogenic massive sulphide deposit that precipitated at or near the seafloor in association with contemporaneous volcanism, forming a stratabound accumulation of sulphide minerals. Volcanogenic massive sulphide deposits typically form during periods of rifting along volcanic arcs, fore arcs, and in extensional back arc basins. Rifting causes extension and thinning of the crust, providing the high heat source required to generate and sustain a high-temperature hydrothermal system (Franklin et al., 2005).

The location of volcanogenic massive sulphide deposits is often controlled by synvolcanic faults and fissures, which permit a focused discharge of hydrothermal fluids. A typical deposit will include the massive mineralization located proximal to the active hydrothermal vent, footwall stockwork mineralization, and distal products, which are typically thin but extensive. Footwall, and less commonly, hanging wall semiconformable alteration zones are produced by high temperature water-rock interactions (Franklin et al., 2005).

Mineralization begins at approximately 25m below surface and extends to approximately 580m below surface. Mineralization is generally fine to medium-grained disseminated to solid sulphides consisting of pyrrhotite, pyrite, chalcopyrite, sphalerite, and magnetite. The principle gangue minerals are chlorite, and quartz.


Mining Methods

  • Longhole stoping


Summary:

Underground longhole stoping was chosen as the mining method for Reed because of the steep dip of the mineralization and good quality of the ground.


Crushing and Grinding


Processing

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Summary:

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Production:

CommodityProductUnits2018201720162015
Copper Metal in concentrate t 24,947 *31,488 *35,422 *35,831 *
Copper Concentrate kt 108*132*149*152*
Zinc Metal in concentrate t  ......  Subscription required*  ......  Subscription required*  ......  Subscription required*  ......  Subscription required*
Zinc Concentrate kt  ......  Subscription required*  ......  Subscription required*  ......  Subscription required*  ......  Subscription required*
Gold Equivalent Metal in concentrate oz  ......  Subscription required*  ......  Subscription required*  ......  Subscription required*  ......  Subscription required*
* Combined production for 777 Mine and Reed Mine
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Operational Metrics:

Metrics2018201720162015
Ore tonnes mined 326,363 t460,413 t443,561 t463,375 t
Tonnes milled 347,946 t442,269 t449,389 t
Daily mining capacity 1,300 t

Reserves at December 31, 2017:

CategoryTonnage CommodityGrade
Proven 362,000 t Copper 3.35 %
Proven 362,000 t Zinc 0.68 %
Proven 362,000 t Gold 0.39 g/t
Proven 362,000 t Silver 5.35 g/t
Probable 337,000 t Copper 3.95 %
Probable 337,000 t Zinc 0.31 %
Probable 337,000 t Gold 0.52 g/t
Probable 337,000 t Silver 5.26 g/t

Commodity Production Costs:

CommodityUnits201820172016
Cash costs (sold) Copper USD 0.58 / lb†   1.75 / lb†   1.4 / lb†  
All-in sustaining costs (sold) Copper USD 0.6 / lb†   1.79 / lb†   1.49 / lb†  
† Net of By-Product.

Operating Costs:

Units2018201720162015
UG mining costs ($/t milled) CAD 72.673.748.362.4



Heavy Mobile Equipment:

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Sep 5, 2019
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Corporate Filings & Presentations:

DocumentYear
Corporate Presentation 2018
Management Discussion & Analysis 2018
Management Discussion & Analysis 2018
Management Discussion & Analysis 2017
Management Discussion & Analysis 2017
Annual Information Form 2016
Corporate Presentation 2016
Corporate Presentation 2016
Management Discussion & Analysis 2016
Management Discussion & Analysis 2015
Pre-Feasibility Study Report 2012
Preliminary Economic Assessment 2011
Technical Report 2011
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