Breakwater Resources Ltd. (TSX:BWR - News; TSX:BWR.WT.A - News) -
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.
