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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 desertbarnacleon Apr 17, 2019 5:39pm
132 Views
Post# 29641077

RE:RE:RE:early April guidance?

RE:RE:RE:early April guidance?You and I think very much alike re what could be going on but I think the boss man there was really transparent, the mining of hard and lower grade hornfelse in the pit as they finish one section and start another, that caused the shortfall. One could wonder why they did not forecast this as it must have been known. But, production is set to increase every quarter now so we get to total forecast for the year. Torex seems to be on very good footing with the government, but that is always a risk you take when you own this stock, I am comfortable with that risk and the management of these non geology issues. Am also optimistic that new mining system will work. But, I am only a share holder, it is a big position for me, but I am still an outsider and all just my opinion. The major up side will additional discoveries and or a buyout. Lets hope for great things as the years go here and that we do not get burned to a crisp by any nasty surprises! Cheers, Bob
Bullboard Posts