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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 marpip3on Apr 01, 2015 9:07am
50 Views
Post# 23585697

Security and delay of production

Security and delay of productionAs a result of recent violence and security issues in the State of Guerrero (see “Risk Factors – Security Risks in the State of Guerrero”), the Company shut down operations on February 7, 2015 but restarted on February 13, 2015. The process of shutting down and restarting operations will delay the start of production for a period of time that exceeds the length of the shutdown itself and also contribute to additional labour challenges. As a result, the Company currently anticipates that production will be delayed until the fourth quarter of 2015. Previously, the Company anticipated that production would commence during the third quarter of 2015.
Bullboard Posts