Breakwater Resources Ltd.-Strike Settled At Toqui
12.10.2010 | Marketwire
TORONTO, ONTARIO -- (Marketwire) -- 10/11/10 -- Breakwater Resources Ltd. (TSX: BWR)(TSX: BWR.WT.A) -Unionized workers voted to accept a new contract at the Toqui mine in southern Chile today. It is expected that normal mining and milling activities will resume in the next several days.
The contract was renewed for a period of three years. At an annual rate of production of 520,000 tonnes per annum the new contract will add just over US$1.00 to the current annualized per tonne milled costs.
With this investment in its workers and the recent investments in the property, Breakwater can continue to pursue its aim of having a vibrant, profitable, sustainable operation in southern Chile which will continue to provide rewarding, long term employment for the region.
Background
Employees at Breakwater's Toqui mine in southern Chile commenced a strike at the beginning of the day shift on Tuesday, October 5, 2010 after labour negotiations broke off late Monday, October 4, 2010. The previous contract governing employees at Toqui had expired September 30, 2010.
Breakwater is a mining, exploration and development company which produces and sells zinc, copper, lead and gold concentrates to customers around the world. The Company's concentrate production is derived from three mines in Chile, Honduras and Canada. Breakwater's Langlois mine in Quebec, Canada is currently on temporary care and maintenance.
Contacts:
Breakwater Resources Ltd.
Ann Wilkinson, Vice President, Investor Relations
416-357-5511
AWilkinson@breakwater.ca