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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

Comment by challenger426on Jan 17, 2023 12:45pm
113 Views
Post# 35228375

RE:RE:SELL off

RE:RE:SELL off
I just wanted to add to my numbers that TXG has a fantastic balance sheet with lots of cash on hand.

Jody Kuzenko, President and CEO of Torex, stated:

"We expect 2023 to be pivotal in the evolution of Torex Gold as we continue to execute on several key strategic initiatives, including advancing and de-risking Media Luna, optimizing and extending ELG, as well as growing reserves and resources. With more than $590 million of available liquidity at the end of the third quarter, and robust forecast cash flow from ELG, we are well positioned to fund these value-enhancing initiatives as we continue to maximize the potential of our Morelos Property.

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