Torex Gold Resources Inc

TSX:TXGCanadaView on OTC Pink - Current Information

Aug 7, 2024

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• Torex Gold Reports Q2 2024 Results, from 6:02PM ET on Wednesday Aug 07, 2024 by Dow Jones

  6:02PM ET on Wednesday Aug 07, 2024 by Dow Jones
  Companies Mentioned: TXG, TORXF
  
  the current schedule, the tie-in of upgrades to the processing plant are still on track to occur over a four-week period during the fourth quarter of 2024, which will allow for commissioning and first concentrate production in late 2024 and commercial production expected in the first quarter of 2025; as a result of near completion of engineering and procurement activities, and incorporating the strength of the Mexican peso, budgeted project capital expenditures have been updated to $950.0 million; for the full year, Media Luna Project spend is now expected to be between $430.0 and $450.0 million versus original guidance of $350.0 to $400.0 million; the exploration and drilling strategy will focus on three distinct areas: extending the mine life of ELG Underground and Media Luna through infill and near-mine step-out drilling; expanding resources within the Media Luna Cluster, including at Media Luna, EPO, Media Luna West, Media Luna East, and Todos Santos; and advancing targets through the growth pipeline by delivering new discoveries, including at El Naranjo, Atzcala, Esperanza, Querenque, Tecate, El Olvido, and Victoria; overall, initial results from the 2024 drilling program at ELG Underground continued to build off the success of the programs from prior years, demonstrating the potential to grow mineral resources, extend high-grade mineralization, and support extending the reserve life of ELG Underground beyond 2028 and key strategic objectives are: integrate and optimize the Morelos Property; deliver Media Luna to full production; grow reserves and resources; disciplined growth and capital allocation; retain and attract best industry talent; and build on ESG excellence. Generally, forward-looking information and statements can be identified by the use of forward-looking terminology such as "forecast," "plans," "expects," or "does not expect," "is expected," "strategic" or variations of such words and phrases or statements that certain actions, events or results "will", "may," "could," "would," "might," or "on track,", or "well positioned to" occur. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the company to be materially different from those expressed or implied by such forward-looking information, including, without limitation, risks and uncertainties identified in the technical report (the "Technical Report") released on March 31, 2022, entitled "NI 43-101 Technical Report ELG Mine Complex Life Of Mine Plan and Media Luna Feasibility Study", which has an effective date of March 16, 2022, and the Company's annual information form ("AIF") and management's discussion and analysis ("MD&A") or other unknown but potentially significant impacts. Forward-looking information and statements are based on the assumptions discussed in the Technical Report, AIF and MD&A and such other reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. 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. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws. The Technical Report, MD&A and AIF are filed on SEDAR+ at www.sedarplus.ca and available on the Company's website at www.torexgold.com.
  

• Torex Gold Reports Q2 2024 Results, from 6:01PM ET on Wednesday Aug 07, 2024 by Newsfile

  6:01PM ET on Wednesday Aug 07, 2024 by Newsfile
  Companies Mentioned: TORXF

  (All amounts expressed in U.S. dollars unless otherwise stated)

  Toronto, Ontario--(Newsfile Corp. - August 7, 2024) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) reports the Company's financial and operational results for the three and six months ended June 30, 2024. Torex will host a conference call tomorrow morning at 9:00 AM (ET) to discuss the results.