Fully funded to complete Media Luna Project with approximately $465 million of liquidity Torex Gold Resources Inc. reports the Company's financial and operational results for the three months and year ended December 31, 2023. Torex will host a conference call tomorrow morning at 9:00 AM to discuss the results. Jody Kuzenko, President & CEO of Torex, stated: "2023 was another strong year for Torex as we continued to [...]
Available funding now exceeds remaining capex, with 84% of upfront expenditures committed Torex Gold Resources Inc. provides Q4 2023 update on the development of its Media Luna Project . Unless otherwise stated, progress and milestones referenced in this press release are as of December 31, 2023. Jody Kuzenko, President & CEO of Torex, stated: "Development of Media Luna remains on track for first production in Q4 2024 [...]
2024 is a pivotal year that sets up for strong continued production and future free cash flow from Morelos Torex Gold Resources Inc. provides 2024 operational guidance as well as an updated five-year production outlook for the Morelos Complex, which includes the ELG Mine Complex and Media Luna Project . TABLE 1: 2024 OPERATIONAL GUIDANCE 2024 Guidance 2023 Guidance1 Production Gold Equivalent2 AuEq oz 410,000 to 460,000 [...]
Production guidance achieved for the fifth consecutive year; Q4 marks second-highest quarter of production to date Torex Gold Resources Inc. reports gold production of 137,993 ounces during the fourth quarter, and full-year gold production of 453,778 ounces, near the midpoint of the guided range of 440,000 to 470,000 ounces. Gold sold during the quarter was 138,794 ounces resulting in full-year gold sales of 444,750 [...]
Torex Gold Resources Inc. announces that the successful breakthrough of the Guajes Tunnel was completed last night. Breakthrough of the Guajes Tunnel represents a key de-risking milestone in the development of the Media Luna Project as the tunnel unifies the Morelos Complex by connecting the existing operations on the north side of the Balsas River with the growing resource base of the Media Luna Cluster on the south [...]
Torex Gold Resources Inc. is pleased to provide an update on the Company's ongoing drilling program at ELG Underground. The ELG Underground exploration strategy is focused on expanding resources as well as extending and optimizing the life of ELG Underground well beyond 2026. Jody Kuzenko, President & CEO of Torex, stated: "We are excited about the latest assays from the drilling program at ELG Underground as the high [...]
Torex Gold Resources Inc. announces the Company has received approval from Mexico's Secretariat of Environment and Natural Resources regarding an amendment to the key environmental permit for the Media Luna Project, which will allow for the deposition of tailings into the mined-out Guajes open pit. Jody Kuzenko, President & CEO of Torex, stated: "The amendment to the MIA is the last environmental approval required for the [...]
Torex Gold Resources Inc. reports the Company's financial and operational results for the three- and nine-month periods ended September 30, 2023. Senior management of Torex will host a conference call tomorrow morning at 9:00 AM to discuss the quarterly results. Jody Kuzenko, President & CEO of Torex, stated: "We expect to close out 2023 on a solid note with the fourth quarter forecast to be the strongest quarter of [...]
Torex Gold Resources Inc. provides Q3 2023 update on the development of its Media Luna Project . Unless otherwise stated, progress and milestones referenced in this press release are as of September 30, 2023. Jody Kuzenko, President & CEO of Torex, stated: "Development of Media Luna continues to track well to plan, with first concentrate production remaining on track for late 2024 and commercial production in early 2025 [...]
Torex Gold Resources Inc. reports Q3 2023 gold production of 85,360 ounces and gold sold of 81,752 oz. With year-to-date gold production of 315,785 oz and the fourth quarter expected to be the highest production quarter of the year, the Company remains on track to achieve annual production guidance of 440,000 to 470,000 oz. TABLE 1: PRELIMINARY THIRD QUARTER 2023 OPERATIONAL RESULTS Q3 2023 Mining ELG Open Pits - Ore [...]
Torex Gold Resources Inc. is pleased to report initial results from the 2023 drilling program at EPO, a deposit located to the north of the Media Luna deposit, in close proximity to the Guajes Tunnel, south of the Balsas River. Results from the 2023 program continue to highlight the potential to upgrade Inferred resources to the Indicated category and expand Inferred resources through step-out drilling to the north and [...]
Torex Gold Resources Inc. reports the Company's financial and operational results for the three- and six-month periods ended June 30, 2023. Senior management of Torex will host a conference call tomorrow morning at 9:00 AM to discuss the quarterly results. Jody Kuzenko, President & CEO of Torex, stated: "2023 is proving to be another excellent year for Torex. We continued to successfully execute on our strategic [...]