Breakwater Resources Ltd.

Breakwater Resources Ltd.

December 21, 2010 16:15 ET

Breakwater's Employees at Mochito Settle Labour Agreement

TORONTO, ONTARIO--(Marketwire - Dec. 21, 2010) - Breakwater Resources Ltd. (TSX:BWR)(TSX:BWR.WT.A) -

A new contract for the unionized workers at the Mochito mine was finalized in Honduras today. The settlement was in line with management's expectations and accordingly we are maintaining our guidance for 2011 of direct operating costs of US$60 – US$67 per tonne milled. The contract was renewed for a period of three years retroactive to October 1, 2010. The previous 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 is preparing the Langlois mine in Quebec, Canada for production in the first quarter of 2012.

Contact Information

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