Breakwater Resources Ltd.

Breakwater Resources Ltd.

March 27, 2008 16:12 ET

Breakwater Reduces Myra Falls Workforce

TORONTO, ONTARIO--(Marketwire - March 27, 2008) - Further to the ongoing effort to reduce costs and increase profitability at its Myra Falls mine, Breakwater Resources Ltd. (TSX:BWR) initiated plans this week for a reduction to its workforce there by 132 employees. The layoffs will affect both staff and hourly individuals.

Although this action is regrettable it is necessary to secure the long-term future of the operation. Exploration activities will continue to focus on delineating known ore bodies as well as defining and developing resources on the western extension of the mine.

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 four mines. Two of Breakwater's mines are located in Canada, one is located in Chile and one is located in Honduras.

Contact Information

  • Breakwater Resources Ltd.
    Ann Wilkinson
    Vice President, Investor Relations
    (416) 363-4798 Ext. 277