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Torex Gold Resources Inc T.TXG

Alternate Symbol(s):  TORXF

Torex Gold Resources Inc. is a Canada-based intermediate gold producing company, which is engaged in exploration, development, and operation of its Morelos Gold Property. The Morelos Gold property covers an area of approximately 29,000 hectares in the prospective Guerrero Gold Belt located 180 kilometers southwest of Mexico City. The Company’s principal assets are the El Limon Guajes mining complex (ELG or the ELG Mine Complex), comprising the El Limon, Guajes and El Limon Sur open pits. The Company also hosts the Media Luna deposit, which is an advanced stage development project located approximately seven kilometers from ELG. The Company’s El Limon Guajes underground mine includes Sub-Sill and El Limon Deep, and processing plant and related infrastructure, and the Media Luna deposit.


TSX:TXG - Post by User

Bullboard Posts
Post by palmpiloton Dec 31, 2015 2:14pm
93 Views
Post# 24422557

So when full production is achieved about 369,000 Au yearly

So when full production is achieved about 369,000 Au yearlyWith commercial production by Q2 . This high grade, open pit gold deposit has current measured and indicated resources of 4.77 million ounces of gold at a grade of 2.95 g/t plus 530,000 ounces of gold at a grade of 2.15 g/t in the inferred category. Once in full production, this mine will be amongst the largest and lowest cost gold mines in the world with expected LOM average annual production of 369,000 ounces of gold.

Mining from the Guajes pit is ahead of schedule and the mine plan has been adjusted to allow for the drawdown of the ore stockpile through 2016. In the processing plant, the ramp-up has started with the utilization of 6 of 11 leach tanks and 5 of 7 of the tailings filters. As production volumes increase, additional leach and filtration capacity will be utilized. Construction of the remaining tanks and filters are completed and commissioning is underway.

2016 looking good.


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