Torex Gold Receives Notice of Temporary Suspension from the Ministry of Economy
Torex Gold Resources has received a notification from the Director General of Mines under the Federal Ministry of Economy to temporarily suspend all activities within the Morelos Property. The suspension is to facilitate their inspection following a fatal incident at the El Limón Guajes underground mine on December 5th that resulted in three fatalities.
The company's operational and project activities within the Morelos Complex have been temporarily halted pending official permission to resume. Mining Unit officials are expected to arrive on Tuesday for inspection. Despite the suspension, the company maintains its full year 2024 production guidance and the Media Luna Project schedule remains unchanged.
Torex Gold Resources ha ricevuto una notifica dal Direttore Generale delle Miniere presso il Ministero Federale dell'Economia per sospendere temporaneamente tutte le attività all'interno della Proprietà Morelos. La sospensione è necessaria per facilitare l'ispezione a seguito di un incidente mortale avvenuto nella miniera sotterranea El Limón Guajes il 5 dicembre, che ha portato alla morte di tre persone.
Le attività operative e di progetto dell'azienda all'interno del Complesso Morelos sono state temporaneamente interrotte in attesa di un permesso ufficiale per riprendere. I funzionari dell'Unità Mineraria sono attesi per martedì per l'ispezione. Nonostante la sospensione, l'azienda mantiene la propria guida sulla produzione per tutto il 2024 e il programma del Progetto Media Luna rimane invariato.
Torex Gold Resources ha recibido una notificación del Director General de Minas del Ministerio Federal de Economía para suspender temporalmente todas las actividades dentro de la Propiedad Morelos. La suspensión se realiza para facilitar la inspección tras un incidente fatal en la mina subterránea El Limón Guajes el 5 de diciembre que resultó en tres muertes.
Las actividades operativas y de proyecto de la empresa dentro del Complejo Morelos han sido temporalmente detenidas a la espera de permiso oficial para reanudar. Se espera que los funcionarios de la Unidad de Minería lleguen el martes para la inspección. A pesar de la suspensión, la empresa mantiene su guía de producción total para 2024 y el cronograma del Proyecto Media Luna permanece sin cambios.
Torex Gold Resources는 연방 경제부의 광업국장으로부터 모렐로스 자산 내 모든 활동을 임시 중단하라는 통지를 받았습니다. 이 중단은 12월 5일 엘 리몬 과헤스 지하 광산에서 발생한 치명적인 사고로 인해 세 명이 사망한 이후 검사를 용이하게 하기 위해 이루어졌습니다.
회사의 모렐로스 복합체 내 운영 및 프로젝트 활동은 공식적으로 재개할 허가를 기다리는 동안 임시 중단되었습니다. 광업 부서 관계자들은 화요일에 도착하여 검사를 수행할 예정입니다. 중단에도 불구하고 회사는 2024년 전체 생산 지침을 유지하며, 미디어 루나 프로젝트 일정은 변경되지 않습니다.
Torex Gold Resources a reçu une notification du Directeur Général des Mines au ministère fédéral de l'Économie pour suspendre temporairement toutes les activités dans la Propriété Morelos. La suspension vise à faciliter leur inspection suite à un incident mortel survenu à la mine souterraine El Limón Guajes le 5 décembre, qui a entraîné trois décès.
Les activités opérationnelles et de projet de l'entreprise au sein du Complexe Morelos ont été temporairement interrompues en attendant la permission officielle de reprendre. Des responsables de l'Unité Minière devraient arriver mardi pour l'inspection. Malgré la suspension, l'entreprise maintient ses prévisions de production pour l'année 2024 et le calendrier du projet Media Luna reste inchangé.
Torex Gold Resources hat eine Mitteilung vom Direktor der Bergbauabteilung des Bundesministeriums für Wirtschaft erhalten, die alle Aktivitäten auf dem Morelos-Grundstück vorübergehend auszusetzen. Diese Aussetzung soll die Inspektion nach einem tödlichen Vorfall in der Untergrundmine El Limón Guajes am 5. Dezember erleichtern, bei dem drei Todesfälle zu beklagen waren.
Die Betriebs- und Projektaktivitäten des Unternehmens im Morelos-Komplex wurden vorübergehend gestoppt, bis die offizielle Genehmigung zur Wiederaufnahme vorliegt. Die Mitarbeiter der Bergbaueinheit werden am Dienstag zur Inspektion ankommen. Trotz der Aussetzung hält das Unternehmen an seiner Produktionsprognose für das gesamte Jahr 2024 fest, und der Zeitplan für das Medienluna-Projekt bleibt unverändert.
- Full year 2024 production guidance remains unchanged
- Media Luna Project schedule maintained despite suspension
- Temporary suspension of all operations at Morelos Property
- Fatal incident resulting in three deaths at ELG Underground
- Complete halt of operational and project activities pending regulatory approval
Toronto, Ontario--(Newsfile Corp. - December 9, 2024) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) reports that the Company has received a notification from the Director General of Mines under the Federal Ministry of Economy that all activities within the Morelos Property are to be temporarily suspended to support their inspection associated with the fatal incident at the El Limón Guajes underground mine ("ELG Underground") on December 5th. As a result, all operational and project activities within the Morelos Complex have been temporarily halted pending permission from officials to resume activities.
Jody Kuzenko, President & CEO of Torex, stated:
"This afternoon we were presented with a notice from the Director General of Mines to temporarily suspend activities at our Morelos Property to facilitate their inspection associated with the tragic incident that claimed three lives last week. Officials from the Mining Unit are expected to arrive to our operations on Tuesday and they will receive our full cooperation. We will work with officials to expedite all information they require to allow for the re-start of operational and project activities."
Full year 2024 production guidance and the Media Luna Project schedule are unchanged.
ABOUT TOREX GOLD RESOURCES INC.
Torex is an intermediate gold producer based in Canada, engaged in the exploration, development, and operation of its
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 expected arrival date of the Mining Unit Officials to conduct the inspection, 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/233138
FAQ
Why did Torex Gold (TORXF) suspend operations at Morelos Property in December 2024?
Will the December 2024 suspension affect Torex Gold's (TORXF) 2024 production guidance?
When will Torex Gold (TORXF) resume operations at the Morelos Complex?
