Product Design & Development

Genco Resources able to buy explosives, mine to return to full production

By The Associated Press
Monday, May 31, 2010

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Genco Resources able to buy explosives, mine to return to full production

Genco Resources Ltd. (TSX:GGC) said Monday it has been granted authority to buy explosives for use at La Guitarra mine in Mexico, the last requirement to return to full production.

The company said it will now begin to hire additional staff as it ramps up production over the next months.

Genco said it is also working on extending its mine plan to develop adjoining underground areas.

Shares in the company were down 1.5 cents at 36.5 cents on the Toronto Stock Exchange on Monday.

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