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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 the exploration, development, and operation of its 100% owned 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 dancheon Nov 06, 2013 11:47pm
215 Views
Post# 21883646

Gold report article

Gold report articlehttps://www.theaureport.com/pub/na/the-visual-capitalists-guide-to-precious-metals-stock-picking

TGR: The other two high scores in Mexico Development are Torex Gold Resources Inc. (TXG:TSX). Tell us about those.

RF: Construction is underway now at Torex's mine, and it will be in production in 2015. The company has a pile of cash, most of which will go toward production. Management has put the right people in place and has raised enough money to get the project off the ground. Institutional ownership is about 45%, which is good to see. The IRR is about 24%, which, on a $900M NPV project, is pretty good.

Bullboard Posts