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The Montreal Gazette.com reports that Breakwater Resources (TSE:BWR) has increased its’ recent equity financing to $40m in an effort to restart the Langlois mine.
The Montreal Gazette.com reports that Breakwater Resources (TSX:BWR) has increased its’ recent equity financing to $40m in an effort to restart the Langlois mine.
The story is quoted as saying:
The Langlois mine was closed temporarily in November 2008 because of falling metal prices. In January this year, Breakwater said it would spend $4.6 million on the property because of a recovery in zinc prices. It now plans to spend about $32 million to bring Langlois back in operation during the first quarter of 2012.
To access the full story, click here.
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