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Torex Gold Resources Inc TORXF


Primary Symbol: T.TXG

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 AlfTanneron Aug 31, 2021 1:09pm
498 Views
Post# 33788371

A lot of risk here

A lot of risk hereThis company's main mine is running out of ore.  The profits were great while it lasted, but the party is ending.  The underground portion of the mine will have higher costs and lower production.  The company has bet its future on the Media Luna mine, but that does not even have a completed feasibility study.  Costs will likely be higher because it is underground.
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