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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 timron1on May 01, 2015 10:12am
112 Views
Post# 23684638

Nyrstar Guerrero mine still shut excerpt Q1 conference call

Nyrstar Guerrero mine still shut excerpt Q1 conference call
Guerrero has seen an upsurge in violence linked to drug cartels in recent months, including kidnappings of workers from Torex Gold's US$800mn Limon-Guajes gold project and Goldcorp's Los Filos mine. Three of four abducted Goldcorp workers were found dead.
 
"Continued security issues in the state of Guerrero prevent the resumption of operations at Campo Morado," Galassini told Nyrstar's Q1 earnings call.
 
"We're working with the government, the community and regulatory agencies to seek a resolution to the problems. Like many others we're finding this to be a very complex issue and that it's not likely to be resolved in the near term."
 
The mine will restart when site and community issues are resolved and when operations can be conducted in a secure environment, he added.


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