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Endeavour Silver Comments on Illegal Work Stoppage

Charlotte McLeod
Oct. 09, 2012 04:17PM PST
Silver Investing

Endeavour Silver Corp. (TSX:EDR) announced that as a result of an illegal work stoppage it is unable to access some of the facilities held under lease near its Mexico-based El Cubo silver mine.

Endeavour Silver Corp. (TSX:EDR) announced that as a result of an illegal work stoppage it is unable to access some of the facilities held under lease near its Mexico-based El Cubo silver mine.

As quoted in the press release:

Several non-union contract workers have blocked access to the Peregrina mine and the Las Torres mine, plant and administrative offices under lease to Compania Minera del Cubo, a subsidiary of Endeavour. No formal complaints have been made against Endeavour or its subsidiaries and no strike notice has been filed so the work stoppage is illegal. Endeavour has contacted the Mexican government authorities and taken all the legal steps necessary to declare the stoppage illegal and cease the blockade.

El Cubo mine operations have not been interrupted and union workers continue to produce and stockpile ore as usual. Endeavour’s wholly owned El Cubo leach plant has been unaffected by the work stoppage thus far but will run out of concentrates from the Las Torres plant soon. The Las Torres mine and flotation plant are now shut down, and mining operations have ceased at the Peregrina mine until further notice.

Click here to read the full Endeavour Silver Corp. (TSX:EDR) press release. 

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Release - Endeavor Silver - Closes Sale of El Cubo Mine to VanGold Mining

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