Torex Gold to Restart Operations and Project Activities at the Morelos Complex
Torex Gold Resources announces the resumption of operations at the Morelos Complex following the lifting of a temporary suspension by the Director General of Mines. The company will restart all production and development activities, including open pit and underground mining, processing operations, and the Media Luna Project.
The company maintains its full-year 2024 production guidance of 450,000 to 470,000 ounces of gold, though it's tracking towards the lower end. The Media Luna Project schedule remains unchanged, with the four-week processing plant tie-in period scheduled for February 2025.
Torex Gold Resources annuncia la ripresa delle operazioni presso il Morelos Complex dopo che il Direttore Generale delle Miniere ha revocato una sospensione temporanea. L'azienda riprenderà tutte le attività di produzione e sviluppo, comprese le operazioni minerarie a cielo aperto e sotterranee, le operazioni di lavorazione e il Media Luna Project.
L'azienda mantiene le sue previsioni di produzione per l'intero anno 2024 tra 450.000 e 470.000 once d'oro, anche se si sta orientando verso il limite inferiore. Il programma del Media Luna Project rimane invariato, con il periodo di collegamento dell'impianto di lavorazione di quattro settimane previsto per febbraio 2025.
Torex Gold Resources anuncia la reanudación de operaciones en el Morelos Complex tras el levantamiento de una suspensión temporal por parte del Director General de Minas. La compañía reiniciará todas las actividades de producción y desarrollo, incluidas la minería a cielo abierto y subterránea, las operaciones de procesamiento y el Media Luna Project.
La compañía mantiene su guía de producción para el año completo 2024 de entre 450,000 y 470,000 onzas de oro, aunque se dirige hacia el extremo inferior. El cronograma del Media Luna Project se mantiene sin cambios, con un período de conexión de cuatro semanas para la planta de procesamiento programado para febrero de 2025.
Torex Gold Resources는 광업국장의 일시 중단 해제 이후 Morelos Complex에서의 작업 재개를 발표했습니다. 이 회사는 노천 및 지하 채광, 가공 작업, 그리고 Media Luna Project를 포함한 모든 생산 및 개발 활동을 재개할 예정입니다.
회사는 2024년 전체 연도 생산 지침을 450,000에서 470,000 온스의 금으로 유지하고 있으며, 현재 하단 범위를 향해 가고 있습니다. Media Luna Project 일정은 변경되지 않으며, 2025년 2월에 예정된 4주간의 가공 공장 연결 기간이 있습니다.
Torex Gold Resources annonce la reprise des opérations au Morelos Complex suite à la levée d'une suspension temporaire par le Directeur Général des Mines. L'entreprise redémarrera toutes les activités de production et de développement, y compris l'exploitation minière à ciel ouvert et souterraine, les opérations de traitement et le Media Luna Project.
L'entreprise maintient ses prévisions de production pour l'année 2024 entre 450 000 et 470 000 onces d'or, bien qu'elle s'oriente vers le bas de la fourchette. Le calendrier du Media Luna Project reste inchangé, avec une période de liaison de quatre semaines pour l'usine de traitement prévue pour février 2025.
Torex Gold Resources kündigt die Wiederaufnahme der Arbeiten im Morelos Complex an, nachdem der Generaldirektor der Bergwerke eine vorübergehende Aussetzung aufgehoben hat. Das Unternehmen wird alle Produktions- und Entwicklungsaktivitäten, einschließlich Tagebau und Untertagebergbau, Verarbeitungsarbeiten sowie das Media Luna Project, wieder aufnehmen.
Das Unternehmen hält seine Produktionsprognose für das gesamte Jahr 2024 bei 450.000 bis 470.000 Unzen Gold, obwohl es sich dem niedrigeren Ende annähert. Der Zeitplan für das Media Luna Project bleibt unverändert, mit einer vierwöchigen Anbindungsphase für die Verarbeitungsanlage, die für Februar 2025 geplant ist.
- Operations resumption at Morelos Complex approved by regulatory authorities
- 2024 production guidance maintained at 450,000-470,000 gold ounces
- Media Luna Project timeline unchanged with plant tie-in scheduled for February 2025
- Production tracking towards lower end of guidance range
- Recent fatalities of three workers at ELG Underground
Toronto, Ontario--(Newsfile Corp. - December 17, 2024) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) reports that the Director General of Mines under the Federal Ministry of Economy has lifted the temporary suspension notice and allowed for all activities within the Morelos Complex to resume.
Jody Kuzenko, President & CEO of Torex, stated:
"Following notification that the temporary suspension has been lifted by the Director General of Mines, all production and development activities at the Morelos Complex will resume, including open pit and underground mining, processing operations, and all activities associated with the Media Luna Project. With the suspension lifted, our employees and contractor partners can get back to meaningful and productive work as we complete our own internal investigation.
"Full-year 2024 production guidance remains intact and is tracking towards the lower end of the guided range of 450,000 to 470,000 ounces of gold. The project schedule for Media Luna remains unchanged with the four-week processing plant tie-in period on track to commence in February 2025.
"As we ramp up operations and work to conclude our Media Luna Project, we will never forget the tragic loss of three of our colleagues at ELG Underground and will work with strengthened resolve to ensure the safety and well-being of everyone in our workplace now and in the future."
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 statement that all production and development activities at the Morelos Complex will resume, including open pit and underground mining, processing operations, and all activities associated with the Media Luna Project; the confirmation of the full-year 2024 production guidance and that it is tracking towards the lower end of the guided range of 450,000 to 470,000 ounces of gold, confirmation of 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/234225
FAQ
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