Guerrero Gold Belt

Torex Gold Reports Positive Drilling Results from ELG Underground

Retrieved on: 
Tuesday, July 11, 2023
Association of Professional Engineers and Geoscientists of Alberta, Resource, AG, ALS, News, Database, Technical report, Guerrero Gold Belt, SEDAR, Quality control, ELG, TSX, Quartz, S.A, SGS, Gold, NI, Cuautla, Silver, QA/QC, Media Luna, ELD, Copper, Uranium mining, Road, Mining, Oil, Granite, Iron ore, La Flaca, Mesozoic, Paleocene

TORONTO, July 11, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces assay results from the Company’s ongoing drilling program at the El Limón Guajes underground mine, including zones referred to as El Limón Deep (“ELD”), Sub-Sill, Sub-Sill South, El Limón Sur Deep, and El Limón West (collectively “ELG Underground”).

Key Points: 
  • TORONTO, July 11, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces assay results from the Company’s ongoing drilling program at the El Limón Guajes underground mine, including zones referred to as El Limón Deep (“ELD”), Sub-Sill, Sub-Sill South, El Limón Sur Deep, and El Limón West (collectively “ELG Underground”).
  • Jody Kuzenko, President & CEO of Torex, stated:
    “We are excited about the positive results from the ongoing drilling program at ELG Underground.
  • Through the end of May, approximately 34,300 meters and 177 holes were drilled as part of the 2023 drilling program at ELG Underground.
  • The excellent results from the 2022 drilling program and initial results from the 2023 drilling program, including high grade intersects in several of the underground deposits, have been instrumental in exploring the extent of the mineralization at depth.

Torex Gold Reports Impressive Results From Ongoing Drilling at ELG Mine Complex

Retrieved on: 
Monday, December 5, 2022
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As at the end of October, assay results for 6,915 m of drilling (60 holes) at El Limón Sur had been received.

Key Points: 
  • As at the end of October, assay results for 6,915 m of drilling (60 holes) at El Limón Sur had been received.
  • Follow-up drilling below the El Limón Sur open pit has been successful, with multiple intersects of impressive gold, silver and copper assays over favourable core widths (see Figures 2 and 3).
  • The Company’s principal asset is the Morelos Complex, which includes the El Limón Guajes (“ELG”) Mine Complex, the Media Luna Project, a processing plant and related infrastructure.
  • Commercial production from the Morelos Complex commenced on April 1, 2016 and an updated Technical Report for the Morelos Complex was released in March 2022.

Torex Gold Releases Inaugural Climate Change Report Including 2030 GHG Reduction Targets

Retrieved on: 
Wednesday, November 23, 2022
Ventilation, Report, Natural Resources, TSX, ESG, Climate change, BEV, Nature, SEMARNAT, GOLD, Electricity, Gold, Task force, GHG, Carbon, Media Luna, Technical report, Guerrero Gold Belt, Biophysical environment, ELG, Renewable energy

TORONTO, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the Company or Torex) (TSX: TXG)announces the Company has released its inaugural Climate Change Report (the Report) aligned with the recommendations of the Task Force on Climate-Related Financial Disclosure (TCFD).

Key Points: 
  • TORONTO, Nov. 23, 2022 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the Company or Torex) (TSX: TXG)announces the Company has released its inaugural Climate Change Report (the Report) aligned with the recommendations of the Task Force on Climate-Related Financial Disclosure (TCFD).
  • The Report includes greenhouse gas (GHG) emissions reduction targets in support of its overall commitment to achieve net zero GHG emissions by 2050, which include a 10% reduction in absolute emissions (reduction of Scope 1 and 2 GHG emissions by 2030 compared to actual 2021 baseline); and a 25% reduction in business as usual emissions (reduction of Scope 1 and 2 GHG emissions in 2030 forecasted if no action is taken on intervention measures to reduce carbon emissions at the Media Luna Project).
  • Jody Kuzenko, President & CEO of Torex, stated:
    We are pleased to present Torex Golds inaugural Climate Change Report and to disclose our 2030 GHG emissions reduction targets as part of our commitment to accountability and transparency to investors and stakeholders on our approach to climate change.
  • As we grow, we look forward to keeping up the momentum in advancing our climate change commitments and providing annual progress updates on performance against our climate change targets.

Torex Gold Receives Key Environmental Permit for Media Luna

Retrieved on: 
Monday, October 3, 2022
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TORONTO, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces the Company has received approval from Mexico’s Secretariat of Environmental and Natural Resources (“SEMARNAT”) on the key, culminating environmental permit for the Media Luna Project. The approval (“MIA Integral”) allows for operations to begin at Media Luna and builds on the receipt of the MIA Modification received last year, which allowed for the execution of development activities on the south side of the Balsas River. The Company has also received approval to increase the power draw at site to 45 megawatts (“MW”).

Key Points: 
  • Dollars unless otherwise stated)
    TORONTO, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the Company or Torex) (TSX: TXG) announces the Company has received approval from Mexicos Secretariat of Environmental and Natural Resources (SEMARNAT) on the key, culminating environmental permit for the Media Luna Project.
  • Jody Kuzenko, President & CEO of Torex, stated:
    Receipt of the MIA Integral represents another key milestone in the de-risking of the Media Luna Project, and further demonstrates the ongoing support of local communities and the endorsement of State and Federal Governments of both the social and environmental facets of this project.
  • With the MIA Integral in hand, the Company now has all the environmental approvals required to develop and operate Media Luna.
  • The Company also recently received approval to increase the power draw at Morelos to 45 MW to accommodate activities at both ELG and Media Luna.

Torex Gold Announces Increased and Extended Credit Facilities

Retrieved on: 
Thursday, August 18, 2022
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TORONTO, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces the Company has finalized a credit agreement with a syndicate of Banks which increases the amount of credit available to $250 million from $150 million and extends the maturity of the facilities into 2025 from 2023.

Key Points: 
  • Dollars unless otherwise stated)
    TORONTO, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the Company or Torex) (TSX: TXG)announces the Company has finalized a credit agreement with a syndicate of Banks which increases the amount of credit available to $250 million from $150 million and extends the maturity of the facilities into 2025 from 2023.
  • We are pleased to increase the capacity and extend the maturity of our credit facilities with a syndicate of supportive lenders.
  • The amended credit agreement represents another key de-risking milestone in the development of the Media Luna Project.
  • ABOUT TOREX GOLD RESOURCES INC.
    Torex is an intermediate gold producer based in Canada, engaged in the exploration, development, and operation of its 100% owned Morelos Property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometres southwest of Mexico City.

Torex Gold Reports Strong Q2 Production Results and Surpasses 10 Million Hours Without a Lost Time Injury

Retrieved on: 
Wednesday, July 13, 2022
Culture, Safety, Guerrero Gold Belt, Gold, Company, GOLD, CEO, Media Luna, Mining, Technical report, ESG, ELG, Webcast, Uranium, Video game

Gold grades mined, gold grades processed, and gold recoveries will be reported with the quarterly results.

Key Points: 
  • Gold grades mined, gold grades processed, and gold recoveries will be reported with the quarterly results.
  • Jody Kuzenko, President & CEO of Torex, stated:
    We had another strong quarter operationally during Q2 with gold production of 123,180 ounces.
  • The better-than-expected result was driven by higher grades from the ELG Open Pits and record ore production from the ELG Underground.
  • With the last lost time injury occurring in April 2021, the Company exited the quarter with a lost time injury frequency of zero over the trailing 12 months.

Torex Gold Releases 2021 Responsible Gold Mining Report

Retrieved on: 
Wednesday, May 25, 2022
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TORONTO, May 25, 2022 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) today released its 2021 Responsible Gold Mining Report (the “Report”), which is the Company’s most comprehensive Environmental, Social and Governance (“ESG”) disclosure to date. The Report can be found on the Company’s website at www.torexgold.com.

Key Points: 
  • Dollars unless otherwise stated)
    TORONTO, May 25, 2022 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the Company or Torex) (TSX: TXG) today released its 2021 Responsible Gold Mining Report (the Report), which is the Companys most comprehensive Environmental, Social and Governance (ESG) disclosure to date.
  • The Report highlights the Companys new organizational purpose statement: To transform finite mineral resources into lasting prosperity by positively impacting all the lives we touch.
  • With the development of Media Luna and growth ambitions ahead of us, we will increase the positive impact we are making in Mexico and beyond and continue to demonstrate what responsible gold mining looks like.
  • The Companys 2021 Responsible Gold Mining Report was prepared in accordance with the Global Reporting Initiative (GRI) Standards (Core option) and the Sustainability Accounting Standards Board (SASB) Metals and Mining Sustainability Accounting Standard.

Torex Gold Announces Release Date for the Morelos Complex Technical Report

Retrieved on: 
Monday, March 21, 2022
Technical report, Guerrero Gold Belt, Media Luna, ELD, Webcast, TSX, Gold, Technical, GLOBE

TORONTO, March 21, 2022 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the Company or Torex) (TSX: TXG) announces that it plans to release the results of an updated technical report (the Technical Report) for the Morelos Complex after market close on Thursday, March 31, 2022.

Key Points: 
  • TORONTO, March 21, 2022 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the Company or Torex) (TSX: TXG) announces that it plans to release the results of an updated technical report (the Technical Report) for the Morelos Complex after market close on Thursday, March 31, 2022.
  • A technical session (the Technical Session) to discuss the results of the Technical Report will be held on Friday, April 1, 2022.
  • The Technical Session will be hosted by the management team of Torex.
  • ABOUT TOREX GOLD RESOURCES INC.
    Torex is an intermediate gold producer based in Canada, engaged in the exploration, development, and operation of its 100% owned Morelos Gold Property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometres southwest of Mexico City.

Torex Gold Reports Updated Media Luna Resource Estimate

Retrieved on: 
Monday, February 28, 2022
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TORONTO, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company”) (TSX: TXG) announces an updated Mineral Resource estimate for the Media Luna project, which now consists of a gold equivalent1 (“AuEq”) Indicated Resource of 4.39 million ounces (“Moz”) at an average grade of 5.38 grams per tonne (“g/t”). 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 Indicated Resource, 60% of the gold equivalent estimate is attributable to gold (“Au”), 33% to copper (“Cu”) and the remainder to silver (“Ag”).

Key Points: 
  • Notes to Mineral Resource Estimate Table:
    1) The effective date of the estimate is April 30, 2021.
  • Inclusion of metallurgical recoveries in addition to metal prices in the calculation of AuEq estimates is aligned with the methodology used within the October 31, 2021 Mineral Resource estimate for Media Luna.
  • The October 31, 2021 Mineral Resource estimate is based on data from 692 core drill holes (approximately 316,500 metres) drilled since 2012 within the Media Luna resource area.
  • At the Companys Morelos Gold Property, all the Media Luna project drill core is logged and sampled at the core facility within the project camp under the supervision of Nicolas Landon, Chief Exploration Geologist for the Media Luna project.

Torex Gold Provides 2022 Guidance for El Limón Guajes

Retrieved on: 
Wednesday, January 19, 2022
Technical, EPO, Electricity, ELD, Technical report, Gold, Guerrero Gold Belt, Public expenditure, Program, Mining, CEO, Balsas River, Q3, Element, Media Luna, Company, ELG, Note, Tax, Platinum, Renewable energy, Oil, Uranium

TORONTO, Jan. 19, 2022 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) provides 2022 operational guidance for its El Limón Guajes (“ELG”) 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.

Key Points: 
  • Jody Kuzenko, President and CEO of Torex, stated:
    We expect 2022 to be another solid year for Torex as we continue to build on our reputation as a profitable, safe, reliable, and consistent operator.
  • Our guided gold production for 2022 is consistent with the range set out within our inaugural 3-year outlook issued in September 2021.
  • 2022 is a pivotal year for Torex and will set the foundation for our future.
  • The gold price used within operational guidance is consistent with the $1,700 per ounce assumption used when setting 2021 guidance.