Following an 18-month shutdown for modifications,
The Toronto-based company says modifications to the processing facilities and a change in the mining methodology will enable it to produce zinc at a substantially lower cost. The operation is also expected to benefit from new ship-loading facilities. Mine development continued during the shutdown, resulting in a stockpile of 103,000 tonnes of broken ore. Once this stockpile is exhausted, and depending on metal prices, Breakwater will decide whether or not to resume mining.
Breakwater currently operates three other zinc mines; El Mochito in Honduras, Nanisivik on Baffin Island in the Canadian Arctic, and the Bourgine mine in Tunisia. The company’s Caribou mine in New Brunswick was closed pending the results on ongoing metallurgical and economic studies.
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