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Torex Gold Provides an Update on the Fatalities at ELG Underground

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Torex Gold Resources reports a tragic incident at its El Limón Guajes (ELG) underground mine where three individuals (two employees and one contractor) lost their lives due to carbon monoxide exposure, while another contractor was injured but is now recovering. The incident occurred in a restricted area being prepared for ventilation following a stope blast, where two individuals initially entered and two others followed in a rescue attempt.

The company has notified authorities and is cooperating with regulatory investigations while conducting its own internal investigation. Operations at ELG Underground have resumed after a 24-hour standdown. The company confirms that the incident will not impact its full-year 2024 production guidance or the Media Luna Project schedule.

Torex Gold Resources riporta un tragico incidente nella sua miniera sotterranea El Limón Guajes (ELG), dove tre persone (due dipendenti e un appaltatore) hanno perso la vita a causa di esposizione al monossido di carbonio, mentre un altro appaltatore è rimasto ferito ma ora si sta riprendendo. L'incidente è avvenuto in un'area riservata in fase di preparazione per la ventilazione dopo un'esplosione nel tronco, dove due persone sono entrate inizialmente e altre due hanno seguito nel tentativo di soccorso.

L'azienda ha informato le autorità ed è in collaborazione con le indagini regolatorie, mentre conduce la propria indagine interna. Le operazioni nella miniera sotterranea di ELG sono riprese dopo una pausa di 24 ore. L'azienda conferma che l'incidente non influenzerà la sua previsione di produzione per il 2024 né il programma del progetto Media Luna.

Torex Gold Resources informa sobre un trágico incidente en su mina subterránea El Limón Guajes (ELG) donde tres personas (dos empleados y un contratista) perdieron la vida debido a la exposición al monóxido de carbono, mientras que otro contratista resultó herido pero ya se está recuperando. El incidente ocurrió en un área restringida que se estaba preparando para la ventilación después de una explosión en una cámara, donde dos personas entraron inicialmente y otras dos siguieron en un intento de rescate.

La empresa ha notificado a las autoridades y está cooperando con las investigaciones regulatorias mientras realiza su propia investigación interna. Las operaciones en ELG Subterránea se han reanudado después de una pausa de 24 horas. La empresa confirma que el incidente no impactará su guía de producción para el año completo 2024 ni el cronograma del Proyecto Media Luna.

Torex Gold Resources는 엘 리몬 과헤스(ELG) 지하 광산에서 발생한 비극적인 사건을 보고하며, 이 사건으로 세 명(직원 두 명과 계약자 한 명)이 일산화탄소에 노출되어 사망했으며, 다른 계약자는 부상을 입었으나 현재 회복 중입니다. 이번 사건은 환기를 위해 준비 중인 제한 구역에서 발생했습니다. 이곳에서는 두 사람이 처음으로 들어갔고, 구조를 시도하던 중 다른 두 사람이 뒤따랐습니다.

회사는 당국에 통보했으며, 규제 조사에 협력하는 동시에 내부 조사를 진행하고 있습니다. ELG 지하에서의 작업은 24시간 중단 후 재개되었습니다. 회사는 이번 사건이 2024년 전체 연도 생산 가이드나 미디어 루나 프로젝트 일정에 영향을 미치지 않을 것이라고 확인했습니다.

Torex Gold Resources fait état d'un incident tragique survenu dans sa mine souterraine d'El Limón Guajes (ELG), où trois personnes (deux employés et un sous-traitant) ont perdu la vie en raison d'une exposition au monoxyde de carbone, tandis qu'un autre sous-traitant a été blessé mais est maintenant en convalescence. L'incident s'est produit dans une zone restreinte préparée pour la ventilation après une explosion dans une chambre, où deux personnes sont entrées initialement et deux autres ont suivi dans une tentative de sauvetage.

L'entreprise a informé les autorités et coopère avec les enquêtes réglementaires tout en menant sa propre enquête interne. Les opérations à ELG souterrain ont repris après une interruption de 24 heures. L'entreprise confirme que l'incident n'aura pas d'impact sur sa prévision de production pour l'année 2024 ni sur le calendrier du projet Media Luna.

Torex Gold Resources berichtet über einen tragischen Vorfall in seiner unterirdischen Mine El Limón Guajes (ELG), bei dem drei Personen (zwei Mitarbeiter und ein Auftragnehmer) aufgrund von Kohlenmonoxid-Exposition ihr Leben verloren, während ein weiterer Auftragnehmer verletzt wurde, sich aber jetzt erholt. Der Vorfall ereignete sich in einem eingeschränkten Bereich, der nach einer Sprengung für die Belüftung vorbereitet wurde, wo zunächst zwei Personen eintraten und zwei weitere in einem Rettungsversuch Folgten.

Das Unternehmen hat die Behörden informiert und kooperiert mit den behördlichen Ermittlungen, während es eine eigene interne Untersuchung durchführt. Die Arbeiten in der ELG-Untergrundmine wurden nach einer 24-stündigen Unterbrechung wieder aufgenommen. Das Unternehmen bestätigt, dass der Vorfall keinen Einfluss auf seine Produktionsprognose für das gesamte Jahr 2024 oder den Zeitplan des Media Luna Projekts haben wird.

Positive
  • Operations at ELG Underground have resumed after brief suspension
  • 2024 production guidance remains unchanged
  • Media Luna Project schedule remains on track
Negative
  • Three fatalities (two employees, one contractor) due to workplace accident
  • Potential regulatory and legal consequences from ongoing investigations
  • Possible safety protocol failures leading to the incident

Toronto, Ontario--(Newsfile Corp. - December 9, 2024) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) provides an update on the carbon monoxide exposure at the El Limón Guajes underground mine ("ELG Underground") that claimed the lives of two employees and one contractor and injured a second contractor. The relevant authorities have all been notified and the Company is fully cooperating with regulators. Operations within ELG Underground have now resumed.

Jody Kuzenko, President & CEO of Torex, stated:

"There are no words to properly express the sorrow we feel as we mourn the three individuals who lost their lives at ELG Underground. Our focus has been on supporting the families of our employees to the fullest extent, and on supporting our team at site through this very difficult time.

"Authorities have undertaken their initial assessments and regulator-led investigations at various levels will continue with our full and transparent cooperation. We have also commenced our own internal investigation to determine how, despite multiple levels of safety protocols and controls, such a tragedy could have occurred. Findings from all audits and investigations will be used to reinforce safety protocols as required.

"While the full investigation is only just beginning, early indications are that the exposure was an isolated incident in an area of the mine that was being prepared for ventilation following a stope blast. Two experienced individuals went into a restricted area where carbon monoxide was present, and in an effort to rescue their colleagues who suffered exposure, two other individuals entered the area as well. Three of the individuals passed away as a result, while the fourth was transported to a local hospital and is now at home recovering.

"Following a 24-hour stand down, operations at ELG Underground have resumed, as have underground development and construction activities at Media Luna. Full-year 2024 production guidance and the Media Luna Project schedule have not been impacted.

"Our sincerest condolences remain with the families and loved ones of those who lost their lives. We commit to honouring their memory by working together at our operations and with the mining industry more broadly, to prevent something like this from ever happening again."

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. 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's 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.

FOR FURTHER INFORMATION, PLEASE CONTACT:

TOREX GOLD RESOURCES INC.
Jody Kuzenko
President and CEO
Direct: (647) 725-9982
jody.kuzenko@torexgold.com

Dan Rollins
Senior Vice President, Corporate Development & Investor Relations
Direct: (647) 260-1503
dan.rollins@torexgold.com

CAUTIONARY NOTES ON FORWARD-LOOKING INFORMATION

This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes the confirmation of the full-year 2024 production guidance and the Media Luna Project schedule and the Company's key strategic objectives. 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 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232964

FAQ

What caused the fatalities at Torex Gold's ELG Underground mine?

Carbon monoxide exposure in a restricted area being prepared for ventilation after a stope blast caused three fatalities and injured one contractor.

Will the incident affect Torex Gold's (TORXF) 2024 production guidance?

No, the company has confirmed that the full-year 2024 production guidance and Media Luna Project schedule remain unaffected.

How long were operations suspended at Torex Gold's ELG Underground mine?

Operations were suspended for 24 hours before resuming at both ELG Underground and Media Luna development activities.

TOREX GOLD RES INC ORD

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