Torex Gold Reports Q3 2024 Production Results
Torex Gold Resources Inc. (TSX: TXG) reports Q3 2024 gold production of 119,412 ounces and gold sold of 122,130 ounces. With year-to-date gold production of 348,728 ounces, the Company is on track to achieve annual gold production guidance of 400,000 to 450,000 ounces.
Key operational highlights include:
- ELG Open Pits: 16,731 ore tonnes mined per day, 46,727 waste tonnes mined per day, strip ratio of 2.8
- ELG Underground: 2,127 ore tonnes mined per day
- Processing: 12,889 tonnes per day average plant throughput, 90.7% average gold recovery, 3.47 gpt average gold grade of ore processed
The increased production reflects higher processed grades, stable mine production, and steady recoveries. The Company expects continued margin expansion and robust cash flow generation due to strong operational performance and record high gold prices.
Torex Gold Resources Inc. (TSX: TXG) riporta una produzione d'oro nel terzo trimestre del 2024 di 119.412 once e un'oro venduto di 122.130 once. Con una produzione d'oro da inizio anno di 348.728 once, l'Azienda è sulla buona strada per raggiungere l'orientamento annuale di produzione d'oro di 400.000 a 450.000 once.
Tra i principali momenti operativi spiccano:
- Percorsi ELG Open: 16.731 tonnellate di minerale estratte al giorno, 46.727 tonnellate di materiale di scarto estratte al giorno, rapporto di estrazione di 2.8
- Percorsi ELG Underground: 2.127 tonnellate di minerale estratte al giorno
- Elaborazione: 12.889 tonnellate al giorno di throughput medio dell'impianto, 90.7% di recupero medio dell'oro, 3.47 gpt di grado medio dell'oro del minerale elaborato
L'aumento della produzione riflette gradi di lavorazione più elevati, produzione mineraria stabile e recuperi costanti. L'Azienda prevede una continua espansione dei margini e una solida generazione di flussi di cassa grazie a un forte rendimento operativo e ai prezzi dell'oro ai massimi storici.
Torex Gold Resources Inc. (TSX: TXG) informa una producción de oro en el tercer trimestre de 2024 de 119,412 onzas y un oro vendido de 122,130 onzas. Con una producción de oro acumulada hasta la fecha de 348,728 onzas, la Compañía está en camino de alcanzar la guía anual de producción de oro de 400,000 a 450,000 onzas.
Los aspectos operativos clave incluyen:
- ELG Open Pits: 16,731 toneladas de mineral extraídas por día, 46,727 toneladas de desechos extraídas por día, proporción de extracción de 2.8
- ELG Underground: 2,127 toneladas de mineral extraídas por día
- Procesamiento: un promedio de 12,889 toneladas por día en el rendimiento de la planta, un promedio de recuperación de oro del 90.7%, grado promedio de oro del mineral procesado de 3.47 gpt
El aumento de la producción refleja grados procesados más altos, una producción minera estable y recuperaciones constantes. La Compañía espera continuar con la expansión de márgenes y una robusta generación de flujo de caja debido a un sólido rendimiento operativo y precios del oro récord.
Torex Gold Resources Inc. (TSX: TXG)는 2024년 3분기 금 생산량이 119,412온스이며, 판매된 금은 122,130온스라고 보고했습니다. 연초부터 현재까지의 금 생산량은 348,728온스로, 회사는 연간 금 생산 가이드라인인 400,000에서 450,000온스를 달성할 것으로 보입니다.
주요 운영 하이라이트는 다음과 같습니다:
- ELG 오픈 피트: 하루에 16,731톤의 광석 채굴, 하루에 46,727톤의 폐기물 채굴, Stripping 비율 2.8
- ELG 지하: 하루에 2,127톤의 광석 채굴
- 가공: 평균 공장 처리량 12,889톤/일, 평균 금 회수율 90.7%, 가공된 광석의 평균 금 등급 3.47gpt
생산량 증가는 더 높은 가공 등급, 안정적인 채굴 생산 및 지속적인 회수를 반영합니다. 회사는 강력한 운영 성과와 사상 최고 금 가격으로 인해 마진 확장과 강력한 현금 흐름 생성을 지속적으로 기대하고 있습니다.
Torex Gold Resources Inc. (TSX: TXG) rapporte une production d'or pour le troisième trimestre 2024 de 119.412 onces et un or vendu de 122.130 onces. Avec une production d'or à ce jour de 348.728 onces, l'entreprise est en bonne voie pour atteindre l'orientation annuelle de production d'or de 400.000 à 450.000 onces.
Les points clés des opérations incluent :
- Puits à ciel ouvert ELG : 16.731 tonnes de minerai extraites par jour, 46.727 tonnes de déchets extraites par jour, ratio de décapage de 2,8
- ELG souterrain : 2.127 tonnes de minerai extraites par jour
- Traitement : 12.889 tonnes par jour en traitement moyen, 90,7 % de récupération moyenne de l'or, 3,47 gpt de teneur moyenne en or du minerai traité
L'augmentation de la production reflète des grades traités plus élevés, une production minière stable et des récupérations constantes. L'entreprise s'attend à une expansion continue des marges et une génération de flux de trésorerie robuste grâce à de solides performances opérationnelles et des prix de l'or à des niveaux record.
Torex Gold Resources Inc. (TSX: TXG) berichtet von einer Goldproduktion im 3. Quartal 2024 von 119.412 Unzen und einem verkauften Gold von 122.130 Unzen. Mit einer Goldproduktion von 348.728 Unzen im laufenden Jahr befindet sich das Unternehmen auf dem Weg, die jährliche Produktionsprognose von 400.000 bis 450.000 Unzen zu erreichen.
Wichtige betriebliche Highlights umfassen:
- ELG Open Pits: 16.731 Abraumtonnen pro Tag, 46.727 Abfalltonnen pro Tag, Abraumquote von 2.8
- ELG Underground: 2.127 Abraumtonnen pro Tag
- Verarbeitung: durchschnittliche Anlagenkapazität von 12.889 Tonnen pro Tag, durchschnittliche Gold-Rückgewinnung von 90.7%, durchschnittlicher Goldgehalt des verarbeiteten Erzes von 3.47 gpt
Die gestiegene Produktion spiegelt höhere Verarbeitungsgehalte, stabile Bergbauproduktion und gleichmäßige Rückgewinnungen wider. Das Unternehmen erwartet eine fortgesetzte Margenexpansion und eine robuste Cashflow-Generierung aufgrund starker betrieblicher Leistungen und Rekordhöhen der Goldpreise.
- Q3 2024 gold production of 119,412 ounces, bringing year-to-date production to 348,728 ounces
- On track to achieve annual gold production guidance of 400,000 to 450,000 ounces
- ELG Underground mining rates remained above 2,000 tonnes per day
- Strong operational performance combined with record high gold price supports margin expansion
- Robust cash flow generation expected
- Slightly lower tonnes processed compared to previous quarters
- Timing of gold pours at quarter-end affected production figures
Solidly on track to deliver full-year production guidance following strong third quarter results
Toronto, Ontario--(Newsfile Corp. - October 8, 2024) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) reports Q3 2024 gold production of 119,412 ounces ("oz") and gold sold of 122,130 oz. With year-to-date gold production of 348,728 oz, the Company is on track to achieve annual gold production guidance of 400,000 to 450,000 oz.
TABLE 1: PRELIMINARY THIRD QUARTER 2024 OPERATIONAL RESULTS
| Q3 2024 | ||
| Mining | ||
| ELG Open Pits - Ore tonnes mined per day | tpd | 16,731 |
| ELG Open Pits - Waste tonnes mined per day | tpd | 46,727 |
| ELG Open Pits - Strip ratio | waste:ore | 2.8 |
| ELG Underground - Ore tonnes mined per day | tpd | 2,127 |
| Processing | ||
| Average plant throughput | tpd | 12,889 |
| Average gold recovery | % | 90.7 |
| Average gold grade of ore processed | gpt | 3.47 |
| Gold produced | oz | 119,412 |
| Gold sold | oz | 122,130 |
Operational results are preliminary in nature and subject to final reconciliation. Financial and operational results for Q3 2024 will be released after market close on Wednesday November 6, 2024. A conference call hosted by senior management will be held the following day at 9:00 AM ET.
Jody Kuzenko, President & CEO of Torex, stated:
"We delivered a strong operational result during the third quarter with gold production of 119,412 oz, bringing year-to-date gold production to 348,728 oz. With this solid performance, we are well on track to deliver on full-year production guidance for the sixth consecutive year.
"The increased production relative to the first two quarters of the year reflects the impact of higher processed grades, stable mine production and steady recoveries, partially offset by slightly lower tonnes processed and timing of gold pours at quarter-end. As expected, mining rates at ELG Underground remained above 2,000 tonnes per day ("tpd") while, at the open pit, the lower strip ratio relative to the first half of the year was in line with the mine plan as we move into the final phases of the El Limón open pit.
"Overall, the strong operational performance combined with a record high gold price supports continued margin expansion and robust cash flow generation. The forecast cash flow generation in combination with an already strong funding position provides the financial capacity and flexibility to complete and ramp-up Media Luna in 2025, commence the development of EPO mid next year, increase investment in value-creating exploration and drilling, and place the Company in a solid position to consider returning capital to shareholders."
THIRD QUARTER 2024 CONFERENCE CALL AND WEBCAST DETAILS
Torex plans to release its third quarter financial and operational results after market close on Wednesday, November 6, 2024. A conference call and webcast hosted by senior management will be held on Thursday, November 7, 2024, at 9:00 AM ET.
Telephone Access
For expedited access to the conference call, registration is open to obtain an access code in advance, which will allow participants to join the call directly at the scheduled time.
Alternatively, dial-in details are as follows:
- Toronto local or International: 1-647-484-8814
- Toll-Free (North America): 1-844-763-8274
Please dial in approximately ten minutes prior to the scheduled start time if using the dial-in details above and request to join the Torex Gold Resources conference call.
Webcast Access
A webcast and replay will be available on the Company's website at www.torexgold.com/investors/upcoming-events/.
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 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 that: the Company is solidly on track to deliver full-year production guidance following strong third quarter results; the Company is on track to achieve annual gold production guidance of 400,000 to 450,000 oz; with this solid performance, we are well on track to deliver on full-year production guidance for the sixth consecutive year; overall, the strong operational performance combined with a record high gold price supports continued margin expansion and robust cash flow generation; the forecast cash flow generation in combination with an already strong funding position provides the financial capacity and flexibility to complete and ramp-up Media Luna in 2025, commence the development of EPO mid next year, increase investment in value-creating exploration and drilling, and place the Company in a solid position to consider returning capital to shareholders; and Torex's key strategic objectives are integrate and optimize its 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. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "guidance", "expects", "planned", or variations of such words and phrases or statements that certain actions, events or results are "on track to" or "will", or "is expected to" 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 filed on SEDAR+ at www.sedarplus.ca and 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/226017
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