Torex Gold Resources Inc T.TXG

Alternate Symbol(s): TORXF

Metals & Mining Gold

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.

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Torex Gold Resources Inc > What gives?

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Comment by divestoron Jun 28, 2021 1:32pm

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Post# 33460237

RE:What gives?

My guess is that the Mexico discount is back. Check out the blockade at the Los Filos mine nearby.

hairygold wrote: The last time I looked at this in 2017, gold was under $1,200/oz and Torex stil had a lot of debt on its balance sheet. Now, they've basically paid off all the debt and Torex is trading at the same price with gold at $1,778. What gives? I have only seen upwards revisions of their reserves, I think?
No one serious thought that mining system the old CEO was pushing for years was going to make any money, did they?

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