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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

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Post by philwayon Aug 17, 2016 11:31am
90 Views
Post# 25150140

Armed thieves storm Agnico Eagle mine in Mexico and make off

Armed thieves storm Agnico Eagle mine in Mexico and make off

Speking of which. Doesn't Agnico have security too? 
Armed thieves storm Agnico Eagle mine in Mexico and make off with haul of gold and silver


MEXICO CITY — Canadian mining company Agnico Eagle said on Wednesday that a group of armed men stormed one of its mines in northern Mexico early on Tuesday morning, injuring a security guard and making off with a haul of silver and gold.

Agnico Sonora, the company’s Mexican subsidiary, did not provide an estimate of the value of the theft, but said the La India mine, in the northwestern state of Sonora, was operating normally, with soldiers and police conducting an investigation.
 

The company said in a statement it has been operating in Sonora, an arid state known for drug violence, since 2014.

According to Agnico’s website, the La India mine sits 200 kilometres (124 miles) east of the city of Hermosillo. The mine has a lifespan of seven years and is expected to produce 100,000 ounces of gold in 2016.

Thefts within mines are relatively rare in Mexico, but in April last year, armed men entered McEwen Mining Inc’s El Gallo 1 mine in northern Mexico and made off with 7,000 ounces of gold contained in some 900 kilograms of gold-bearing concentrate

https://business.financialpost.com/news/mining/armed-thieves-storm-agnico-eagle-mine-in-mexico-and-make-off-with-haul-of-gold-and-silver

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