Torex Gold Resources Inc

We are pleased to report that Torex Gold had a strong Q2 2024 with gold production reaching 113,822 ounces and sales of 113,513 ounces. This brings our H1 2024 gold production to 229,316 ounces, positioning us well to meet our annual guidance of 400,000 to 450,000 ounces.   "ELG continues to deliver safe, strong operational results and we’re well on pace to deliver on production guidance for the sixth year in a row. The performance of the processing plant continues to impress, with recoveries above 90% for the second straight quarter and throughput rates remaining above 13,000 tonnes per day for the sixth consecutive quarter." – Jody Kuzenko, President & CEO.    Read more here: https://lnkd.in/eSev2dAu #TorexGold #MexicoMining 

We are pleased to report the initial results from our 2024 drilling program at ELG Underground. Our intent is to replicate the drilling success delivered at the ELG Underground over the last few years again in 2024, and the initial results from the program indicate we are off to a very good start. A number of the newly reported drill holes confirm mineralization beyond the boundary of known resources, which demonstrates that the true mineralization potential of this orebody is yet to be fully realized.   “We continue to see ELG Underground as a deposit that year-over-year can consistently deliver resource growth and reserve replacement, which is expected to result in significant cash flow generation that will support the growth of Torex across the Morelos Property and beyond.” - Jody Kuzenko, President & CEO. 
Read more about our initial results here: https://lnkd.in/eyzsHdJP #TorexGold

We are pleased to provide detail on our multi-year exploration strategy for our world-class Morelos asset. Over the coming years, we will be increasingly focused on demonstrating the significant potential of Morelos by delineating new deposits within the Media Luna Cluster and marking new discoveries across the broader property. In order to prioritize these targets to align with the Company’s strategic priorities, our Exploration team has developed a systematic approach for evaluation on both a geologic and economic basis, culminating in the development of a new multi-year exploration and drilling strategy. Read more here: https://lnkd.in/dgEfEAeK  #TheNextTen #TorexGold

This week we celebrated World Environment Day through various celebrations at our Morelos Property, to reinforce our commitment to the very highest levels of environmental stewardship. We want to acknowledge Rafael Curra Lava and our entire Environment Team for their leadership on environmental matters within Torex and the broader mining industry in Mexico. #GenerationRestoration Minera Media Luna

The future is here! Yesterday, three LH518iB front loaders from Sandvik Mining and Rock Solutions arrived at Media Luna, marking another step in our journey to promote sustainable mining and reduce our carbon footprint while improving operational efficiency. The hybrid fleet we have procured for Media Luna represents the largest fleet of battery electric vehicles in all of Latin America. #sustainablemining #MexicoMining #MineraMediaLuna #TheNextTen

We have just released our 2023 Responsible Gold Mining Report. The theme of this year’s Report, titled At the Heart of Who we Are, reinforces that responsible mining truly is at the centre of how we conduct ourselves as a business, reinforced by our organizational purpose statement: “To transform finite mineral resources into lasting prosperity by positively impacting all the lives we touch.” A press release, which summarizes highlights of the Report can be found here: https://lnkd.in/e6gaXzEB   Read the full report and discover how we truly bring our purpose statement to life: https://lnkd.in/ez6v4J3A   #ResponsibleMining #MexicoMining #ESG #Sustainability #TorexGold

Our President and CEO Jody Kuzenko joined Andy Bell on BNN Bloomberg to discuss a number of topics, including our Media Luna Project, which will strengthen the cash generating capability of our Morelos Complex and make Torex a significant #copper producer.    Watch the interview here: https://lnkd.in/eV-Up3m2    #TorexGold #TheNextTen andrew bell

We're pleased to share Torex Gold’s Q1 2024 financial and operational results, setting the pace for a transformational year ahead for Torex. The following are just a sample of our key achievements in the first quarter: ✅ We achieved quarterly gold production of 115,494 ounces, putting us nicely on track to achieve our annual production guidance of 400,000 to 450,000 ounces. ✅ Our cost performance, combined with a record quarterly average realized gold price of $2,023 per ounce, resulted in an impressive all in sustaining costs margin of 39%. ✅ We continued to deliver excellence in safety, reaching 14 million hours without a lost-time injury at our ELG Mine Complex, and exiting the quarter with a lost-time injury frequency of 0.15 per million hours worked for the broader Morelos Complex. ✅ The Media Luna Project continues to advance as planned, with the project close to 70% as at the end of Q1. Substantial progress was made on development and construction activities, with first concentrate production anticipated before year-end. ✅ Our liquidity position remains excellent as we exited the quarter with $405 million in available liquidity (including $113 million in cash), which more than covers the $257 million of upfront expenditures remaining on the Media Luna Project. All in, we delivered another solid quarter that lays a solid foundation for continued success and value generation. Read the full release here: https://lnkd.in/e9ZVJwxQ

We are so proud of our Senior Vice President Mexico, Faysal Rodríguez, who today was honoured with the prestigious Ostotakani Award in Sonora, Mexico. The award, which is presented by Mundo Minero magazine, the Mining Association of Sonora, and the AIMMGM - Sonora District, recognizes the highest level of performance and contribution to the Mining Industry in Mexico. Ostotakani, which in Nahuatl means ‘Miner’, is a symbol of the strength that reflects the transcendence of mining as an ancestral activity in Mexico. Congratulations Faysal, very well deserved.