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Torex Gold Resources Inc. reports Q1 2024 financial results with solid performance, production of 115,494 oz, all-in sustaining costs of $1,202/oz, and record average realized gold price of $2,023/oz. The Company maintains strong liquidity, with $405 million available, and progresses Media Luna Project 70% complete. ELG maintains excellent safety with 14 million hours lost-time injury free.
Torex Gold Resources Inc. provides its Q1 2024 update on the development of its Media Luna Project. The project remains on schedule with 95% of upfront expenditures committed. Progress includes engineering activities at 91%, procurement at 78%, and overall project completion at almost 70%. Capital expenditures are tracking well, with over $400 million in available liquidity. The Company anticipates a return to positive free cash flow by 2025.
