Torex Gold Reports First Copper Concentrate Production from Media Luna
Torex Gold Resources (TSX: TXG) has announced the completion of its Media Luna Project tie-in period and achieved first production of precious metal-rich copper concentrate. The milestone marks the company's transition to becoming a gold and copper producer.
The four-week tie-in period involved 83 tie-ins and 136 system commissions at the processing plant. The company expects to begin trucking copper concentrate in the coming days, with commercial production anticipated in the coming weeks.
Mining operations at Media Luna continue to progress with:
- Production rates ramping up with ore transport via Guajes Tunnel conveyor
- Monthly development rates exceeding budgeted 1,200 metres
- 88 stopes drilled off, including 46 planned for 2025
- Steady-state mining rate target of 7,500 tonnes per day expected by mid-2026
Torex Gold Resources (TSX: TXG) ha annunciato il completamento del periodo di collegamento del suo Media Luna Project e ha raggiunto la prima produzione di concentrato di rame ricco di metalli preziosi. Questo traguardo segna la transizione dell'azienda per diventare un produttore di oro e rame.
Il periodo di collegamento di quattro settimane ha comportato 83 collegamenti e 136 commissioni di sistema presso l'impianto di lavorazione. L'azienda prevede di iniziare a trasportare il concentrato di rame nei prossimi giorni, con la produzione commerciale attesa nelle prossime settimane.
Le operazioni minerarie presso Media Luna continuano a progredire con:
- Aumenti delle tariffe di produzione con il trasporto del minerale tramite il nastro trasportatore del Tunnel Guajes
- Tassi di sviluppo mensili che superano i 1.200 metri previsti
- 88 stope perforate, di cui 46 pianificate per il 2025
- Obiettivo di tasso di estrazione stabile di 7.500 tonnellate al giorno previsto entro metà del 2026
Torex Gold Resources (TSX: TXG) ha anunciado la finalización del período de conexión de su Media Luna Project y ha logrado la primera producción de concentrado de cobre rico en metales preciosos. Este hito marca la transición de la empresa para convertirse en un productor de oro y cobre.
El período de conexión de cuatro semanas involucró 83 conexiones y 136 comisiones de sistema en la planta de procesamiento. La empresa espera comenzar a transportar concentrado de cobre en los próximos días, con la producción comercial anticipada en las próximas semanas.
Las operaciones mineras en Media Luna continúan progresando con:
- Incrementos en las tasas de producción con el transporte de mineral a través del transportador del túnel Guajes
- Tasas de desarrollo mensual que superan los 1.200 metros presupuestados
- 88 estopas perforadas, incluyendo 46 planificadas para 2025
- Objetivo de tasa de minería estable de 7.500 toneladas por día esperado para mediados de 2026
Torex Gold Resources (TSX: TXG)는 Media Luna Project의 연결 기간이 완료되었고 귀금속이 풍부한 구리 농축물의 첫 생산을 달성했다고 발표했습니다. 이 이정표는 회사가 금과 구리 생산업체로 전환하는 것을 의미합니다.
4주간의 연결 기간 동안 83개의 연결과 136개의 시스템 커미션이 가공 공장에서 이루어졌습니다. 회사는 앞으로 며칠 내에 구리 농축물을 운송하기 시작할 것으로 예상하며, 상업적 생산은 몇 주 내에 예상됩니다.
Media Luna의 채굴 작업은 다음과 같이 계속 진행되고 있습니다:
- Guajes 터널 컨베이어를 통한 광석 운반으로 생산 속도 증가
- 예산된 1,200미터를 초과하는 월 개발 속도
- 2025년 계획된 46개를 포함하여 88개의 스톱이 드릴링됨
- 2026년 중반까지 하루 7,500톤의 안정적인 채굴 속도 목표
Torex Gold Resources (TSX: TXG) a annoncé l'achèvement de la période de raccordement de son Media Luna Project et a atteint la première production de concentré de cuivre riche en métaux précieux. Ce jalon marque la transition de l'entreprise vers un producteur d'or et de cuivre.
La période de raccordement de quatre semaines a impliqué 83 raccordements et 136 mises en service de systèmes à l'usine de traitement. L'entreprise s'attend à commencer à transporter le concentré de cuivre dans les jours à venir, avec une production commerciale prévue dans les semaines à venir.
Les opérations minières à Media Luna continuent de progresser avec:
- Des taux de production en augmentation grâce au transport du minerai via le convoyeur du tunnel Guajes
- Des taux de développement mensuels dépassant les 1.200 mètres budgétés
- 88 stopes forées, dont 46 prévues pour 2025
- Un objectif de taux d'extraction stable de 7.500 tonnes par jour attendu d'ici mi-2026
Torex Gold Resources (TSX: TXG) hat den Abschluss der Anschlusszeit seines Media Luna Project bekannt gegeben und die erste Produktion von edelmetallreichem Kupferkonzentrat erreicht. Dieser Meilenstein markiert den Übergang des Unternehmens zu einem Gold- und Kupferproduzenten.
Der vierwöchige Anschlusszeitraum umfasste 83 Anschlüsse und 136 Systemkommissionen in der Aufbereitungsanlage. Das Unternehmen erwartet, in den kommenden Tagen mit dem Transport von Kupferkonzentrat zu beginnen, wobei die kommerzielle Produktion in den kommenden Wochen erwartet wird.
Die Bergbauaktivitäten im Media Luna schreiten wie folgt voran:
- Produktionsraten steigen mit dem Erztransport über das Guajes-Tunnelband
- Monatliche Entwicklungsraten, die das budgetierte Ziel von 1.200 Metern übertreffen
- 88 Stollen gebohrt, darunter 46 für 2025 geplant
- Ziel einer stabilen Bergbaurate von 7.500 Tonnen pro Tag, die bis Mitte 2026 erwartet wird
- First copper concentrate production achieved, expanding from gold-only to gold-copper producer
- Project completed on schedule with commercial production imminent
- Mining development rates exceeding planned 1,200 metres monthly target
- Steady-state production target to be reached 6 months ahead of schedule
- Strong free cash flow generation expected by mid-year
- None.
Processing plant tie-ins and restart complete; commercial production expected in coming weeks
(All amounts expressed in U.S. dollars unless otherwise stated)
Toronto, Ontario--(Newsfile Corp. - March 24, 2025) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) announces completion of the four-week tie-in period for the Media Luna Project ("Media Luna") and first production of precious metal-rich copper concentrate.
Jody Kuzenko, President and CEO of Torex, stated:
"Following almost three years to the day of the release of our feasibility study for the Media Luna Project, we have completed the tie-in period at our processing plant and achieved first production of copper concentrate. This milestone represents substantial completion of the project and the beginning of the next chapter in the evolution and growth of Torex as we become a gold and copper producer.
"Execution of this tie-in period was a massively complex undertaking; however, in true Torex style, it was executed with precision and excellence. In total, 83 tie-ins were completed and 136 separate systems commissioned. We expect to begin trucking copper concentrate in the coming days and have contracts in place to deal with all facets of sales and logistics. Commercial production remains on track to be achieved over the coming weeks.
"Mining has continued throughout with production rates at Media Luna ramping up and ore is now being transported via the Guajes Tunnel conveyor. Monthly development rates remain above the budgeted 1,200 metres and we have now drilled off 88 stopes, including 46 of the 60 stopes planned to be mined in 2025, 35 from 2026, and 7 from 2027. Throughput levels are expected to increase further once the paste plant is commissioned in the second quarter. Based on current development rates, we remain confident in our ability to deliver steady-state mining rates of 7,500 tonnes per day by mid-2026, six months ahead of the schedule set out in the Feasibility Study.
"I would like to thank all the Torex employees and contractors that made the development of Media Luna a success, as well as our shareholders who have supported us throughout the build. As we pivot to strong free cash flow generation mid-year, we are confident that we will significantly enhance shareholder value by reinvesting in drilling to further grow reserves and resources, developing our next mine at EPO, returning capital through dividends and share buybacks, and strengthening the balance sheet to support accretive growth opportunities."
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
QUALIFIED PERSON
The technical and scientific information in this press release has been reviewed and approved by Dave Stefanuto, P. Eng, Executive Vice President, Technical Services and Capital Projects of the Company, and a qualified person under National Instrument 43-101.
CAUTIONARY NOTES ON FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding: commercial production remains on track to be achieved in coming weeks; Torex will become a gold and copper producer; the Company expects to begin trucking copper concentrate in the coming days; throughput levels are expected to increase further once the paste plant is commissioned in the second quarter; based on current development rates, the Company remains confident in its ability to deliver steady-state mining rates of 7,500 tonnes per day by mid-2026, six months ahead of the schedule set out in the Feasibility Study; as the Company pivots to strong free cash flow generation mid-year, the Company is confident that it will significantly enhance shareholder value by reinvesting in drilling to further grow reserves and resources, developing the next mine at EPO, returning capital through dividends and share buybacks, and strengthening the balance sheet to support accretive growth opportunities; Torex's key strategic objectives are: deliver Media Luna to full production and build EPO; optimize Morelos production and costs; grow reserves and resources; disciplined growth and capital allocation; retain and attract best industry talent; and industry leader in responsible mining. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects", "planned", "guided", "strategy", "target", "goal", "objective", "aim" or variations of such words and phrases or statements that certain actions, events or results "will", or "is expected to" occur or the Company "remains confident" will 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 Company's 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, Company's annual information form ("AIF") and management's discussion and analysis ("MD&A") or other unknown but potentially significant impacts. Forward-looking information is based on the reasonable assumptions, estimates, analyses, 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, AIF, and MD&A are available 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/245893
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