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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
Comment by Bottomson May 01, 2018 6:34pm
61 Views
Post# 27967163

RE:RE:RE:Monday May 7, 2018

RE:RE:RE:Monday May 7, 2018My pleasure Dom. No it's definitely not helping but this stocks potential is mostly in the road to recovery from the blockades ended a little while back. The gold prices are still decent enough and have been good through Q1. I expect high operational profitability with decent forecasts which will be offset by additional costs in Q2 to catch up on rebuilding stock piles. Remember the stockpile was entirely used up in Q1. This means that production must have been cheap since no mining occurred. The costs increase will be reflected in the coming months but this could help give us a boost. We just need a small wave of buyers to come back and we will he at 18 again.
Bullboard Posts