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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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Message: Hudbay restarts Manitoba mine

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Hudbay restarts Manitoba mine

posted on Oct 30, 09 02:31PM

Canada's miner HudBay Minerals Inc. said it will restart its Chisel North mine and concentrator in Manitoba effective immediately, and expects full production from the operations by the second quarter.

The Chisel North mine and Snow Lake concentrator have been on care and maintenance since the first quarter of 2009, due to depressed zinc prices at the time, HudBay said in a statement.

The company forecast about $7 million in costs to restart operations at the mine, and expects the restart to provide about 30,000 tonnes of zinc concentrate feed to its Manitoba-based Flin Flon zinc plant annually, the company said.

HudBay also said it has entered into a hedge of about half of the expected zinc production from the Chisel North mine at an average price of about $1.01 US per pound.

Shares of HudBay Minerals were down 45 cents Cdn at $14.15 at 11:11 a.m. ET on the Toronto Stock Exchange.

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