Torex Gold Resources Inc.

Torex Gold Resources Inc. reports that in 2019, for the Company’s El Lim?n Guajes Complex, total gold reserves declined 9% . Open pit gold reserves declined 19% year-over-year, primarily due to depletion. Exploration success resulted in underground gold reserves increasing 140%, net of depletion. The gold price used to estimate the 2019 year-end gold reserves is unchanged at US$1,200 per ounce. The Company also announces [...]

Torex Gold Resources Inc. announces Q1 2020 gold production of 108,530 ounces. Gold sold during the quarter was 108,060 ounces at an average realized gold price of $1,570 per ounce. Q1 2020 Operational Highlights: Gold production of 108,530 ounces Plant throughput averaged 12,460 tpd Underground ore mined averaged 1,110 tpd Open pit ore mined averaged 19,080 tpd Open pit strip ratio of 6.8:1 After reconciliations have [...]

Torex Gold Resources Inc. announces that consistent with the COVID-19 related decree issued by the Government of Mexico for all non-essential businesses in the country to temporarily suspend operations, production at the Company’s El Lim?n Guajes mine will be suspended until April 30, 2020. Guidance is also suspended until further notice. Fred Stanford, President & CEO of Torex, stated: “A 72-hour planned maintenance [...]

Torex Gold Resources Inc. announces that it will release its first quarter 2020 financial and operational results early morning on Wednesday, May 6, 2020, followed later in the morning by a conference call hosted by senior management. The Company also announces that under an exemption provided under Ontario securities law, it plans to delay the release of the annual information form and file it by April 30, 2020. Q1 2020 [...]

Torex Gold Resources Inc. announces that to date, the Company has had no known or suspected cases of COVID-19 infection at the El Limón Guajes operation in Mexico, or at the corporate office in Toronto. Production continues as per schedule, and Torex is focused on maintaining production and protecting employees by keeping the virus away from the remote operation. Fred Stanford, President & CEO of Torex, stated [...]

Torex Gold Resources Inc. reports the Company’s financial and operating results for the three months and year ended December 31, 2019. Fred Stanford, President & CEO of Torex, stated: “The record operational and safety performance in 2019 was equally matched by the strong financial performance, with the Company generating record EBITDA and record free cash flow. Balance sheet strength materially improved [...]

Torex Gold Resources Inc. announces that it will release its Fourth Quarter and Year End 2019 financial and operational results early morning on Wednesday, February 19, 2020, followed later in the morning by a conference call hosted by senior management. Fourth Quarter and Year End 2019 Conference Call and Webcast A conference call and webcast to discuss the Fourth Quarter and Year End 2019 financial and operational [...]

Torex Gold Resources Inc. expects to produce between 420,000 and 480,000 ounces of gold in 2020, with the mid-point of guidance relatively in line with the 454,810 ounces of gold produced in 2019. Total cash costs1 are expected to range between $640 and $670 per ounce of gold sold. All-in sustaining costs1 are anticipated to range between $900 and $960 per ounce of gold sold. 2020 Operational Outlook Gold production [...]

Torex Gold Resources Inc. announces an updated resource estimate for the Media Luna project, which includes an Indicated resource of 2.24 million gold equivalent ounces at a gold equivalent grade of 5.55 g/t and an Inferred resource of 4.56 million gold equivalent ounces at a gold equivalent grade of 4.23 g/t. Of the gold equivalent metal inventory , 58% of the contained metal value is attributable to gold, 34% to copper [...]

Torex Gold Resources Inc. announces 2019 gold production of 454,810 ounces following Q4 2019 production of 125,150 ounces. The full year result established a new annual production record at El Limón Guajes, surpassing the prior record established in 2018 by 28%. During 2019, the Company sold 449,330 ounces of gold at an average realized price of over $1,405 per ounce. For Q4 2019, gold sales totaled 126,910 ounces [...]