Vancouver-based Genco Resources Ltd. (TSX:GGC) has recommenced operations at its Mexican silver-gold mine after a year-long walkout.
The company settled the labour dispute in December and still awaits word from the Mexican government that all of its permits remain in good standing.
"This is a real turning point for Genco after a period of major change in our operations and management we believe we have now successfully rebuilt the business foundations for a strong restart," said acting CEO Leslie Goodman.
The mine, La Guitarra, is processing 100 tonnes of ore per day and the company expects it to step up to full production in the near future.
In addition to the walkout, Genco has faced significant challenges over the last year including major management changes, a tax dispute with the Mexican government and a legal settlement with Andover Ventures Inc. over the purchase of shares in Chief Consolidated Mining Co.
Genco's share price range during the past week: $0.33 and $0.34; 52-week high: $0.83; 52-week low: $0.22.