Business
Gammon Gold Announces New El Cubo Collective Agreement and Return to Work
Feb. 24, 2011 (Canada NewsWire Group) -- TORONTO, Feb. 23 /CNW/ - Gammon Gold Inc. ("Gamm...
About this update from Alamos Gold Inc.
[{"type":"text","content":"\n\n\n Feb. 24, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\nTORONTO, Feb. 23 /CNW/ - Gammon Gold Inc. ("Gammon" or the "Company") (TSX: GAM) and (NYSE:GRS) is pleased to announce today that the Company successfully resolved the labour disruption at its 100% owned El Cubo mine, located in Guanajuato State, Mexico.\nThe Company has secured a more productive, standardized Collective Agreement that includes significant concessions and terms reflecting current legislated norms and industry best practices. The new two year collective agreement has been unanimously approved by the union.\nAs operations at the El Cubo mine have been suspended since June 2, 2010, the Company will initially focus on evaluating the underground conditions and mine facilities to develop an operations plan that will allow production to recommence as soon as possible. Production operations will be phased-in as management retrains employees and develops sufficient mining areas to allow the proper sequencing of underground mining activity as the mine ramps up to full scale production.\nConcurrent with ramping up operational activities, Gammon will resume exploration activities to follow-up on the Dolores-Capulin discoveries made at El Cubo in 2009 and 2010 and advance efforts to convert the resource into proven & probable reserve categories.\nThe El Cubo property is located in one of the most prolific gold and silver mining districts in Mexico, with historic production of approximately 5 m...