Endeavour Silver Resolves Work Stoppage at El Cubo Lease Facilities, Mexico

By Midnight Trader,  October 10, 2012, 12:56:17 PM EDT

Endeavour Silver Corp. (EDR.TO) said today that an illegal work stoppage that blocked company management and other personnel from accessing certain facilities held under lease near the El Cubo mine in Mexico has been resolved.

The workers involved have ceased their work stoppage and blockade and agreed to go back to work, the company said in a release.

Company management and representatives from the Mexican Ministry of Labour met with the non-union workers blocking the Las Torres leased assets yesterday.

Most of the workers' issues related the recent actions of their previous employer, an employment outsourcing company used by the previous owner of El Cubo, Aurico Gold, which put their jobs and accrued benefits at risk, the company said.

Endeavour says it has arranged for another services company to assume responsibility for the workers' accrued benefits and to provide employment.

EDR shares rose about 2% to $9.13.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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