Reuters reported that Breakwater Resources has reached a tentative deal with unionized workers at its Myra Falls mine in British Columbia, averting a strike at the operation.

Breakwater said that it has assessed damage from a fire on a production hoist last week and should have replacement parts installed in about 10 days.

Workers at the mine served management with a strike motion last week and had planned to walk out if no deal was reached.

Mr Nick Layton financial secretary at Local 3019 of the Canadian Auto Workers union said that the 2 sides reached a deal Monday morning following last minute negotiations. He said that "We're not walking off the job."

In a statement, the company confirmed the agreement and said that the deal would be put to union members for ratification later this week. However, production which stopped last week after the fire will remain on hold until the production hoist is repaired.

(Sourced from Reuters)