March 10, 2011 / 1:57 PM / in 6 years

UPDATE 1-Gammon Gold expects to restart ops at El Cubo in April

* Says review at mine found conditions better than expected

* Says almost completed rehiring of about 250 workers

March 10 (Reuters) - Canada's Gammon Gold said it expects to restart development of the El Cubo mine in Mexico by April, after resolving a labour disruption last month.

The gold and silver producer said it almost completed the rehiring process of over 250 workers at the mine, after a new agreement was negotiated with the union in February.

Gammon said a review at the mine found that mine conditions were better than expected.

The company will give a timeline on production schedules on March 28.

Shares of the company closed at C$8.98 on Wednesday on the Toronto Stock Exchange. (Reporting by Abhiram Nandakumar in Bangalore; Editing by Don Sebastian)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below