Torex Gold Resources Inc. announces that it plans to release the results of an updated technical report for the Morelos Complex after market close on Thursday, March 31, 2022. A technical session to discuss the results of the Technical Report will be held on Friday, April 1, 2022. The live webcast is scheduled to start at 8:30 AM ET and will last approximately 3 hours. The Technical Session will be hosted by the [...]
Torex Gold Resources Inc. reports Mineral Reserves and Resources for the Company's El Lim?n Guajes Complex for the year ended December 31, 2021. Ongoing drilling within the ELG Underground led to a 20% increase in underground Mineral Reserves, while gains in the open pits, primarily through the addition of a pushback in the El Lim?n pit, offset 38% of open pit depletion. Jody Kuzenko, President & CEO of Torex, stated [...]
Torex Gold Resources Inc. announces an updated Mineral Resource estimate for the Media Luna project, which now consists of a gold equivalent1 Indicated Resource of 4.39 million ounces at an average grade of 5.38 grams per tonne . This reflects a 24% increase in contained AuEq metal in the Indicated Resource category compared to the April 30, 20212 resource estimate of 3.54 Moz AuEq at a grade of 5.27 g/t. Of the current [...]
Torex Gold Resources Inc. reports the Company's financial and operational results for the three and twelve months ended December 31, 2021. Jody Kuzenko, President & CEO of Torex, stated: "Torex delivered another outstanding year of operational and financial performance in 2021, with the Company meeting full-year operational guidance for the third year running. We achieved record gold production of 468,203 ounces, driven [...]
Torex Gold Resources Inc. provides 2022 operational guidance for its El Lim?n Guajes Mining Complex, which forms part of the Company's Morelos Property in Guerrero, Mexico. Full year non-sustaining capital expenditure guidance for the Company's Media Luna project will be announced when the updated Technical Report for the entire Morelos Property is released at the end of March. 2022 OPERATIONAL OUTLOOK FOR ELG 2022 [...]
Torex Gold Resources Inc. reports record annual gold production of 468,200 ounces at El Lim?n Guajes for the full year 2021, including 109,410 ounces in the last quarter of the year. Gold sold during 2021 was 468,820 ounces at an average realized gold price1 of $1,790 per ounce, including 109,390 ounces during the fourth quarter at an average realized price of $1,795 per ounce. TABLE 1: 2021 OPERATIONAL HIGHLIGHTS Q4 2021 [...]
Torex Gold Resources Inc. announces initial results from the 2021 drilling program at the El Lim?n Guajes underground mine, including zones referred to as Sub-Sill and El Lim?n Deep . Jody Kuzenko, President & CEO stated: "A key pillar of the Torex strategy moving forward includes a fresh focus on exploration and we are pleased with the results from the 2021 drill program at the ELG Underground. Infill drilling conducted [...]
Torex Gold Resources Inc. reports the Company's financial and operational results for the three and nine months ended September 30, 2021. Jody Kuzenko, President & CEO of Torex, stated: "Our solid operational performance in Q3 resulted in a strong financial result, with adjusted EBITDA of $119.3 million and free cash flow of $29.4 million. The Company's quarter-end cash balance increased from $196.0 million at the end of [...]
Torex Gold Resources Inc. reports gold production of 111,220 ounces for the quarter ended September 30, 2021 from its El Lim?n Guajes mining complex in Mexico. Gold sold during the quarter was 118,980 ounces at an average realized gold price of $1,785 per ounce. With 358,780 ounces of gold produced through to the end of the third quarter, production is well on track to be toward the upper end of the 2021 guided range of [...]
Torex Gold Resources Inc. provides a progress update on the Media Luna project, affirming that a property-wide Technical Report, including the Media Luna Feasibility Study, remains on schedule for completion in Q1 2022. The Company is also pleased to announce the appointment of Dave Stefanuto as Executive Vice President , Technical Services and Capital Projects, who will be accountable for delivering Media Luna from [...]
Torex Gold Resources Inc. announces a multi-year production outlook for the Company's El Lim?n Guajes mining complex , which includes the previously announced expansion of the El Lim?n open pit. Jody Kuzenko, President & CEO of Torex Gold, stated: "A key strategic priority for Torex over the last 12 months has been to optimize and extend mining operations at ELG. With the recent approval of the El Lim?n pushback and [...]
Torex Gold Resources Inc. reports the Company's financial and operational results for the three and six months ended June 30, 2021. The Company also announces an expansion of the El Lim?n open pit and a decision to prepare the Media Luna Feasibility Study on a conventional mining basis. Jody Kuzenko, President & CEO of Torex, stated: "Following the excellent performance through the first half of the year, we are well on [...]