Breakwater Resources Ltd.

Breakwater Resources Ltd.

October 05, 2010 07:07 ET

Breakwater Resources Ltd. Provides Update on Labour Negotiations at Toqui and Mochito

TORONTO, ONTARIO--(Marketwire - Oct. 5, 2010) - Breakwater Resources Ltd. (TSX:BWR)(TSX:BWR.WT.A)

Employees at Breakwater's Toqui mine in southern Chile commenced a strike at the beginning of the day shift today after labour negotiations broke off late yesterday. Agreement could not be reached on several issues. At this time no estimates can be provided as to the effect, if any, this will have on production. Should negotiations recommence we will provide an update. The contract governing employees at Toqui expired September 30, 2010.

At Mochito, in Honduras we expect to commence negotiations with the union representing Mochito's employees on Wednesday, October 6, 2010. Once a settlement is reached we will provide an update. The contract governing employees at Mochito 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 Québec, Canada is currently on temporary care and maintenance.

Contact Information

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