Breakwater Resources announces its mineral reserve and mineral resource estimates. The proven and probable mineral reserves at December 31, 2010 were estimated to total 19.7 million tonnes grading 6.3% zinc resulting in a 6% tonnage increase year-over-year. Specifically, mineral reserve tonnages at Mochito increased by 24% due to gains from diamond [...]
Breakwater Resources will hold a conference call on Friday, February 25, 2011, commencing at 10:00 a.m. (ET) to discuss with analysts its financial and operating results for the year ended December 31, 2010. Dave Langille, Chief Financial Officer will host the call which will also be accessible via a live webcast.
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 [...]
Breakwater Resources provides information related to Langlois' reopening and guidance for 2011. In accordance with the Company's strategic plan, one of management's objectives is to optimize the Company's current assets. Accordingly, the 2011 operating plans have been developed to achieve strong, stable, sustainable operations from which to grow as [...]
Breakwater Resources realized net earnings of $19.6 million or $0.28 per share in the third quarter of 2010 compared with net earnings of $6.5 million or $0.10 per share in the third quarter of 2009. Gross sales revenue was 30% higher at $93.3 million primarily due to significantly higher metal prices and more concentrate sold partially offset by 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 [...]
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 [...]
Breakwater Resources will hold a conference call on Tuesday, November 2, 2010, commencing at 8:30 a.m. (ET) to discuss with analysts its financial and operating results for the third quarter ended September 30, 2010. David Petroff, President and Chief Executive Officer will host the call which will also be accessible via a live webcast.
Breakwater Resources realized net earnings of $24.6 million or $0.35 per share in the second quarter of 2010 compared with a net loss of $4.5 million or $0.07 per share in the second quarter of 2009. Breakwater realized net earnings of $49.4 million during the first six months of 2010, which is the highest six-month net earnings Breakwater has [...]
Breakwater Resources will hold a conference call on Friday, August 6, 2010, commencing at 10:00 a.m. (ET) to discuss with analysts its financial and operating results for the second quarter ended June 30, 2010. David Petroff, President and Chief Executive Officer will host the call which will also be accessible via a live webcast.
+1400,00 %
-40,00 %