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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

Post by powermanon Mar 28, 2023 3:20pm
257 Views
Post# 35365266

Info

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COPENHAGEN (Reuters) - Swedish mining gear maker Sandvik on Tuesday said it received an order worth 650 million Swedish crowns ($62.76 million) from Canadian mining company Torex Gold Resources.

The order includes 15 battery-electric vehicles and 20 conventional internal combustion engine equipment units.

The order is Sandvik's first for battery-electric vehicles in Latin America and its third-largest battery-electric mining fleet order to date, the company said.

Equipment deliveries are planned to begin in the third quarter this year, and continue into the fourth quarter of 2025, Sandvik said.

 

Torex will use the fleet for its Media Luna underground deposit in Mexico, which it expects to bring into commercial production in early 2025, the company added.

The battery-electric vehicles include loaders and twin-boom jumbos, and the conventional equipment ordered comprises loaders, trucks, bolters, production drills and a raiseborer.

($1 = 10.3566 Swedish crowns)

 
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