Balsas River

Torex Gold Reports Successful Breakthrough of Guajes Tunnel Three Months Ahead of Schedule

Retrieved on: 
Friday, December 22, 2023

TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces that the successful breakthrough of the Guajes Tunnel was completed last night.

Key Points: 
  • TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) announces that the successful breakthrough of the Guajes Tunnel was completed last night.
  • Jody Kuzenko, President and CEO of Torex, stated:
    “Breakthrough of the Guajes Tunnel is a critical milestone in the development of the Media Luna Project, which remains on track for first concentrate production in late 2024.
  • “Breakthrough of the Guajes Tunnel was achieved three months earlier than scheduled in the March 2022 Technical Report, primarily driven by the world-class advance rates achieved by our team.
  • “I would like to personally thank all employees, contractors and suppliers involved in driving the Guajes Tunnel for achieving this significant milestone safely and ahead of schedule.”

Torex Gold Provides Quarterly Update on Media Luna Project

Retrieved on: 
Monday, October 30, 2023

TORONTO, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) provides Q3 2023 update on the development of its Media Luna Project (“Media Luna”). Unless otherwise stated, progress and milestones referenced in this press release are as of September 30, 2023.

Key Points: 
  • As of the end of September, there were twenty active headings, including eleven in Media Luna Lower and nine in Media Luna Upper.
  • As noted in the previous Media Luna update, plans for the early installation of the FeS flotation circuit and water treatment plant have been adjusted.
  • The current project plan relative to the Technical Report reflects the Company’s estimates for the completion of key project deliverables.
  • More detail on the Media Luna Project, including the feasibility study results, can be found in the Company’s most recent Technical Report dated effective March 16, 2022, filed on March 31, 2022 (“Technical Report”).

Torex Gold Provides Third Quarterly Update on Media Luna Project

Retrieved on: 
Wednesday, July 26, 2023

TORONTO, July 26, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) provides the third quarterly update on the development of its Media Luna Project (“Media Luna”). Unless otherwise stated, progress and milestones referenced in this press release are as of June 30, 2023.

Key Points: 
  • Development of the main Media Luna Lower spiral ramp continued and was completed in mid-July.
  • The first 112 metre ventilation raise was completed in Media Luna Upper and the second 175 metre raise pilot was started.
  • As of the end of June, there were eighteen active headings, including six in Media Luna Lower and twelve in Media Luna Upper.
  • The current project plan relative to the Technical Report reflects the Company’s estimates for the completion of key project deliverables.

Torex Gold Provides Second Quarterly Update on Media Luna Project

Retrieved on: 
Tuesday, May 2, 2023

TORONTO, May 02, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) provides the second quarterly update on the development of its Media Luna Project (“Media Luna”). Unless otherwise stated, progress and milestones referenced in this press release are as of March 31, 2023.

Key Points: 
  • The Guajes Tunnel ventilation raise was completed and the pilot hole for the first ventilation raise within the Media Luna underground commenced.
  • As at the end of March, there were 18 active headings, including 6 in Media Luna Lower and 12 in Media Luna Upper.
  • Based on progress made during Q1 2023, the project execution plan is unchanged compared to the prior plan outlined within the inaugural Media Luna update press release published on February 9, 2023.
  • The current project plan relative to the Technical Report reflects the Company’s estimates for the completion of key project deliverables.

Torex Gold Provides Inaugural Quarterly Update on Media Luna Project

Retrieved on: 
Thursday, February 9, 2023

TORONTO, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) provides an inaugural quarterly update on the development of its Media Luna Project (“Media Luna”), for which a Feasibility Study was included as part of an updated Technical Report released on March 31, 2022 (“Technical Report”). Unless otherwise stated, progress and milestones referenced in this press release are as of December 31, 2022.

Key Points: 
  • 3)   Total Project is weighted average based on activity levels.
  • Letters of intent were signed for the production mobile equipment fleet in December and support mobile equipment fleet post year-end, with purchase orders nearing completion.
  • Key projects that kicked off in Q4 include construction of settling and decant ponds, and expansion of the MML construction camp.
  • Key adjustments to the project execution plan include:
    Engineering and procurement phase has been extended six months to June 2024, mainly related to non-schedule critical procurement packages.

Torex Gold Delivers Record Annual Production in 2022

Retrieved on: 
Thursday, January 12, 2023

Final operating results (including tonnes mined and processed, gold grades processed and gold recoveries), will be reported with the year-end financial results.

Key Points: 
  • Final operating results (including tonnes mined and processed, gold grades processed and gold recoveries), will be reported with the year-end financial results.
  • Jody Kuzenko, President & CEO of Torex, stated:
    “We delivered an outstanding year operationally in 2022, surpassing production guidance and achieving record gold production of 474,000 ounces.
  • Our excellent operational performance this year included record annual throughput in the mill of 12,600 tonnes per day (“tpd”) and record annual contribution from the ELG Underground.
  • This consistent performance has enabled Torex to achieve annual production guidance for the fourth year in a row.

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

Retrieved on: 
Monday, December 5, 2022

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 Reports Another Solid Quarter of Operational Results

Retrieved on: 
Wednesday, October 12, 2022

Generally, forward-looking information can be identified by the use of forward-looking terminology such as expects, plan, strategy or variations of such words and phrases or statements that certain actions, events or results will occur or on track.

Key Points: 
  • Generally, forward-looking information can be identified by the use of forward-looking terminology such as expects, plan, strategy or variations of such words and phrases or statements that certain actions, events or results will occur or on track.
  • Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated.
  • There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information.
  • The Technical Report, AIF and MD&A are available under the Companys profile on SEDAR at www.sedar.com and on the Companys website at www.torexgold.com.

Torex Gold Receives Key Environmental Permit for Media Luna

Retrieved on: 
Monday, October 3, 2022

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 Provides 2022 Guidance for El Limón Guajes

Retrieved on: 
Wednesday, January 19, 2022

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.