UPDATE 1-Genco Resources says to explore strategic alternatives

* Issues letter to shareholders

* Says will announce particulars in ‘near future’

June 18 (BestGrowthStock) – Canada’s Genco Resources Ltd (GGC.TO: )
issued a letter to its shareholders saying it has retained
advisers to explore strategic alternatives.

“I anticipate we will be able to announce developments on
this front in the near future,” acting Chief Executive Leslie
Goodman said in a statement.

The company, which trimmed its workforce to about 100
employees at the La Guitarra mine in Mexico, said it expects to
mine the same tonnage as prior to a shutdown.

Genco resumed production at its La Guitarra silver-gold
mine in May 2010, following a temporary suspension in October
2008.

Shares of the company closed at 33 Canadian cents Thursday
on the Toronto Stock Exchange.

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(Reporting by Isheeta Sanghi in Bangalore; Editing by Jarshad
Kakkrakandy) (([email protected]; within U.S.
+1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters
Messaging: [email protected]))

UPDATE 1-Genco Resources says to explore strategic alternatives