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Re: News Release - Friday, June 25, 2010
Genco Appoints Anderson Acting CEO
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June 25, 2010 - Vancouver, BC - Genco Resources Ltd. (TSX: GGC) reports
Mr. Leslie Goodman, has with Board approval, handed over the role of
acting Chief Executive Officer to Mr. James R. Anderson effective
immediately. Mr Anderson is a Director and the largest single
shareholder of Genco. Mr Goodman will continue alongside Mr Anderson as
a member of the Company's Executive Committee.
Mr. Goodman took on the role of acting Chief Executive Officer at a
difficult time and under his leadership the Company has made
considerable progress. In particular La Guitarra mine is fully
permitted and back in production and a number of significant legacy
issues have been resolved. The Company is well on the way to fully
restoring its stature and realising its substantial potential.
Mr. Anderson commented: "It was always understood Leslie, who resides
in the UK, would serve on a short term basis and he has committed more
time than anticipated. He has very successfully completed his task of
bringing La Guitarra back into production and I will now concentrate on
the remaining task of completing the strategic review we began several
months ago. The Board is very grateful to Leslie for all he has done
for the Company and I am pleased that we will be continuing to work
together."
Mr. Goodman stated: "I would like to pay tribute to our staff, and
especially to my colleagues at La Guitarra who could not have been more
effective and supportive. I am looking forward to my continuing
involvement and to Genco going from strength to strength."
About Genco Resources Ltd.
Genco Resources Ltd. is a publicly traded mining company focused on
developing its core asset, the producing La Guitarra silver-gold
property located in the Temascaltepec Mining District of Mexico. La
Guitarra Mine presently consists of two underground operation centres
and a flotation mill with a proven capacity of 320 tonnes per day.
Genco is evaluating options for the expansion of existing mining
operations at La Guitarra Mine.
For further information, please contact:
Wayne Moorhouse
Chief Financial Officer
Telephone: (604) 682-2205
info@gencoresources.com
This news release may contain certain forward-looking statements that
involve risks and uncertainties such as statements of the Company's
plans, objectives, strategies, expectations, and intentions. The words
"may", "would", "could", "will", "intend", "plan", "believe",
"estimate", "expect" and similar expressions, as they relate to the
Company, or its management, are intended to identify such
forward-looking statements. Many factors could cause the Company's
actual results, performance or achievements to be materially different
from any future results, performance or achievements that may be
expressed or implied by such forward-looking statements, including
those factors discussed below and in filings made with the Canadian
securities regulatory authorities. Should one or more of these risk
factors or uncertainties materialize, or should assumptions underlying
the forward-looking statements prove incorrect, actual results may vary
materially from those described herein as intended, planned,
anticipated, believed, estimated or expected. The Company does not
intend, and does not assume any obligation to update these
forward-looking statements.
The Toronto Stock Exchange has not reviewed the contents of this
release and does not accept responsibility for the accuracy of the
contents of this release.
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Copyright (c) 2010 GENCO RESOURCES LTD. (GGC) All rights reserved.
For more information visit our website at
http://www.gencoresources.com/ or send mailto:info@gencoresources.com
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Genco Resources Ltd.
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CODE : GGC.TO |
ISIN : CA3689111035 |
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Genco Res. is a producing company based in Canada. |