Torex Gold Resources Inc. reports Q2 2021 gold production of 118,050 ounces from its El Lim?n Guajes mine in Mexico. Gold sold during the quarter was 111,420 ounces at an average realized gold price of $1,815 per ounce. With 247,550 ounces of gold produced through the second quarter, the Company reiterates full year gold production guidance of 430,000 to 470,000 ounces. TABLE 1: Q2 2021 OPERATIONAL HIGHLIGHTS Q2 2021 Gold [...]
Torex Gold Resources Inc. announces the appointment of Rick Howes as Chair of the Board following the Company's 2021 annual and special meeting of shareholders held virtually today. In addition, four new directors were appointed including Tony Giardini, Jennifer Hooper, Jay Kellerman and Rosie Moore. Results of the meeting are set out below. The Meeting also marked the retirement of Fred Stanford as Executive Chair, as [...]
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 3.54 million ounces at an average grade of 5.27 grams per tonne , reflecting a 58% increase in contained AuEq metal in the Indicated Resource category compared to the previously reported estimate. Of the Indicated Resource, 61% of the contained value is [...]
Torex Gold Resources Inc. announces proposed changes to its Board of Directors which, subject to shareholder approval, would take effect at the Company's annual shareholder meeting . The AGM is taking place virtually on June 29, 2021. The changes are part of a refresh of the Torex Board, which was initiated at the Company's AGM in June 2020 with the appointment of four new Directors. As previously announced, three of the [...]
Torex Gold Resources Inc. reports first quarter financial and operational results for the three months ended March 31, 2021. Jody Kuzenko, President & CEO of Torex, stated: "2021 is off to a very solid start with gold production of 129,509 ounces - the highest first quarter of production on record at El Lim?n Guajes . All-in sustaining costs of $854 per ounce during the quarter resulted in an all-in sustaining margin of [...]
Torex Gold Resources Inc. announces that three of its founding Directors - Andrew Adams, Michael Murphy , and Fred Stanford - will not stand for reelection at the Company's annual shareholder meeting in June 2021. At the same time, Fred Stanford will resign from his executive role with the Company. Richard Howes, currently Lead Independent Director, will stand for nomination as Chair at the upcoming AGM. Fred Stanford [...]
Torex Gold Resources Inc. is pleased to announce that the Company has entered into a commercial lease agreement with Scatec, a leading, publicly traded global renewable energy producer , using their innovative and flexible Release solution, to build a new 8.5 megawatt solar plant at its Morelos property, which includes the El Limon Guajes mine and Media Luna project. The new plant is expected to reduce Scope 2 greenhouse [...]
Torex Gold Resources Inc. reports Q1 2021 gold production of 129,500 ounces, which is the Company's highest first quarter of production on record. During the quarter, Torex sold 129,010 ounces of gold at an average realized price of $1,775 per ounce. With the strong start to the year, Torex is well-positioned to achieve full year production guidance of 430,000 to 470,000 ounces of gold in 2021. TABLE 1: Q1 2021 [...]
Torex Gold Resources Inc. announces that the Company has received approval from Mexico's Secretariat of Environment and Natural Resources on the amendment of a key environmental permit for its Media Luna project. The approval allows for construction activities beyond the boundary of the Company's existing permit, which is necessary for the continuation of the early works program to access the Media Luna deposit. Jody [...]
Torex Gold Resources Inc. is pleased to announce that the Company has repaid early the remaining $40 million of debt in relation to the 2019 Debt Facility and is now debt free other than approximately $5 million of finance leases. In addition, the Company's wholly-owned subsidiary Minera Media Luna, S.A. de C.V. has signed a Third Amended and Restated Credit Agreement with the same syndicate of lenders comprised of the [...]
Torex Gold Resources Inc. reports that in 2020, total Proven & Probable gold reserves for the Company's El Lim?n Guajes Complex declined 15% year-over-year primarily due to depletion, with ongoing exploration success driving a 15% increase in underground reserves, and ore processed resulting in a 20% decline in open pit reserves. Jody Kuzenko, President & CEO of Torex, stated: "The year-over-year decline in gold reserves [...]
Torex Gold Resources Inc. announces results from the 2020 infill drilling program at Media Luna. The primary purpose of the infill program was to upgrade Inferred Mineral resources to the Indicated category within Media Luna Upper . The program follows on the 2017-2019 infill program carried out in Media Luna Lower , which resulted in a maiden Indicated resource of 2.24 million gold-equivalent ounces. Jody Kuzenko [...]
