TOREX GOLD RES INC ORD - TORXF STOCK NEWS

Torex Gold has unveiled a multi-year exploration strategy for its Morelos Property, focusing on generating new mineral resources and extending the life of existing mines. Key targets include increasing production beyond 2027 and making new discoveries. The strategy includes a $30 million budget for 2024 and aims to maintain an annual production of 450,000 gold equivalent ounces.

Main exploration efforts are directed at the Media Luna Cluster and ELG Underground, with goals to expand resources, delineate reserves, and test new high-priority targets. Additional targets include Todos Santos, El Naranjo, and Atzcala. The company also plans to leverage existing infrastructure to optimize costs.

Torex's systematic, data-driven approach aims to solidify Morelos as a foundational asset, enhancing long-term shareholder value through strategic exploration and drilling initiatives.

Torex Gold Resources released its 2023 Responsible Gold Mining Report, emphasizing its commitment to Environmental, Social, and Governance (ESG) standards. The report spotlights key achievements such as a lost-time injury frequency of 0.31 per million hours worked, reaching 10 million hours without a lost-time injury at the El Limón Guajes site, zero environmental incidents, and a significant community impact with $3.1 million invested in local development.

Torex also reported a 66% water recycling rate, planted 70,560 trees, and made 90% of its procurement spend in Mexico, totaling $158 million. The report aligns with the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) standards and demonstrates improvements in ESG ratings by MSCI, Sustainalytics, and CDP.

Torex Gold Resources Inc. reports Q1 2024 financial results with solid performance, production of 115,494 oz, all-in sustaining costs of $1,202/oz, and record average realized gold price of $2,023/oz. The Company maintains strong liquidity, with $405 million available, and progresses Media Luna Project 70% complete. ELG maintains excellent safety with 14 million hours lost-time injury free.

Torex Gold Resources Inc. provides its Q1 2024 update on the development of its Media Luna Project. The project remains on schedule with 95% of upfront expenditures committed. Progress includes engineering activities at 91%, procurement at 78%, and overall project completion at almost 70%. Capital expenditures are tracking well, with over $400 million in available liquidity. The Company anticipates a return to positive free cash flow by 2025.

Torex Gold Resources Inc. reports a solid start to 2024 with Q1 gold production of 115,494 ounces and gold sold of 111,642 ounces. The company is on track to meet its annual gold production guidance of 400,000 to 450,000 ounces. Operational results show positive trends in mining, processing, and safety measures, with record-high gold recovery rates. The company plans to release its financial and operational results for Q1 2024 on May 8, 2024, followed by a conference call on May 9, 2024.

Torex Gold Resources Inc. reports year-end 2023 mineral reserves and resources for the Morelos Complex, showing significant expansion. The company aims to maintain annual AuEq production of over 450,000 ounces beyond 2027 and extend the life of Morelos assets. Investments in drilling have led to reserve and resource growth, with successful results at ELG Underground and EPO. The company plans to complete an internal prefeasibility study for EPO in 2024.

Torex Gold Resources Inc. provides an update on the ongoing drilling program at ELG Underground, showcasing positive results and potential for reserve replacement and expansion. The 2023 program aims to extend the mine life and optimize production beyond 2027, with significant mineralization discoveries supporting this strategy.

Torex Gold Resources Inc. reports strong financial and operational results for 2023, with $465 million liquidity to complete the Media Luna Project. The Company achieved record gold production, strong safety performance, and robust profitability. Despite some cost challenges, they remain on track for project completion by late 2024, aiming for positive free cash flow in mid-2025.

Torex Gold Resources Inc. provides a Q4 2023 update on the development of its Media Luna Project. The company remains on track for first production in Q4 2024 and commercial production in early 2025. With more than $450 million in available liquidity at year-end, Torex's liquidity position has surpassed the remaining estimated project spend of $383.5 million. The project is 60% complete, and the pace of detailed engineering, procurement, and underground development/construction is progressing as anticipated. The project completion is on track, and the company is confident in bringing Media Luna into production by year end.