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 [...]
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 [...]
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