Torex Gold Resources Inc. announces that its wholly owned subsidiary, Minera Media Luna, S.A. de C.V. , has received a waiver signed by BNP Paribas, as Administrative Agent, on behalf of the Lenders to lower the liquidity covenant threshold in the credit agreement of July 21, 2017, from $50 million to $30 million until January 31, 2018, with the proviso that the remaining $25 million available under the credit agreement [...]
Torex Gold Resources Inc. announces, with great regret, that it has suspended the employment contracts of its workforce in Mexico. This suspension is the direct result of an illegal blockade of its ELG Mine, by the Los Mineros Union, an outside union that wants to take over representation of the employees who already have a union. Since the blockade began, on November 3, 2017, the Company has continued to pay its [...]
Torex Gold Resources Inc. is encouraged to report that a majority of its employees have voted to return to work immediately. The Company organized an off-site vote yesterday for its 520 employees that are eligible to join a union. The purpose of the vote was to give union eligible employees an opportunity to speak for themselves in a safe and independent environment. Since early November, the ELG Mine site employees and [...]
Torex Gold Resources Inc. issued a statement today in response to misinformation that is being circulated by labour groups and the media. The Company was made aware of an incident that happened this past weekend in the town of Atzcala, about twenty five minutes from its El Limon Guajes Mine . During this incident, two men were killed in the course of a dispute. Torex confirms that the two men were not employees of the [...]
Torex Gold Resources Inc. reported today the Company's financial results for the third quarter of 2017, as ramp-up continues at its El Limón Guajes Mine in southwest Mexico. The Company also provided the following update to the previously announced blockade situation at ELG. Blockade Update: This is day 7 of the blockade, that resulted from a conflict between two unions The military is patrolling the area and [...]
Torex Gold Resources Inc. reports that during the evening of Monday, November 6th, a group of approximately 35 persons, entered the ELG mine site and threatened the site staff. These staff members were monitoring to protect the environment, monitoring the pumps in the open pits, and maintaining the processing plant status to that required for a rapid restart of operations upon conclusion of the illegal blockade of the [...]
Torex Gold Resources Inc. announced that during the afternoon of Friday, November 03, a group of approximately 20 local unionized workers illegally blockaded the main gate to the ELG mine, demanding a change in labour union. This action came after a meeting held earlier in the day where the Company explained to these workers that the Company did not have the authority to enact such a change. It could only be accomplished [...]
Torex Gold Resources Inc. announced today that it will release its Third Quarter 2017 financial and operating results early morning on Thursday, November 9, 2017, followed by a conference call hosted by senior management. Third Quarter 2017 Conference Call and Webcast Date: Thursday, November 9, 2017 Time: 9:00 am Webcast access: A live audio webcast of the conference call will be available on the Company's website [...]
Torex Gold Resources Inc. is pleased to announce the initiation of its in-fill drilling program at its Media Luna development project in Southwest Mexico. The purpose of this program is to upgrade, to the Indicated confidence level, 25% of the current inferred Media Luna resource of 7.4 million Au Eq. ounces . The program plan contains 175 holes, averaging 600 meters in depth, for a total of 105,000 meters of drilling [...]
Torex Gold Resources Inc. is pleased to announce that its wholly owned subsidiary, Minera Media Luna S.A. de C.V., has signed a long term, common land, lease agreement with the Puente Sur Balsas Ejido for the use of the land required for the exploration, construction, and mining of minerals at its Media Luna Gold Project in Southwest Mexico. The agreement can be revoked at the company's discretion, with one year's notice [...]
TORONTO, ONTARIO--(Marketwired - Sept. 19, 2017) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX:TXG) is pleased to announce high grade intercepts in the step-out drilling in the quadrant to the northwest of the current Sub-Sill resource area, associated with its El Limon-Guajes Mine (ELG) in Southwest Mexico. Highlighted intercepts from this step-out program include 41.4 g/t Au over 19.3m in a 40-meter [...]
TORONTO, ONTARIO--(Marketwired - Aug. 10, 2017) - (All amounts expressed in U.S. Dollars unless otherwise stated) Torex Gold Resources Inc. (the "Company" or "Torex") (TSX:TXG) is pleased to report production of 74,487 ounces of gold and its financial results for the second quarter of 2017, as ramp-up continues at its El Limón Guajes Mine (ELG) in southwest Mexico. This release should be read in conjunction with [...]