Welcome to our dedicated page for Torex Gold Resou news (Ticker: TORXF), a resource for investors and traders seeking the latest updates and insights on Torex Gold Resou stock.
Torex Gold Resources Inc. (TORXF) provides investors and stakeholders with authoritative updates through this dedicated news hub. Access verified press releases and operational announcements from the Canadian intermediate gold producer focused on its Morelos Property in Mexico's Guerrero Gold Belt.
This resource consolidates essential updates including quarterly earnings reports, Media Luna Project developments, exploration results, and operational milestones. Users gain timely insights into production figures, safety initiatives, and strategic decisions driving the company's disciplined growth strategy.
All content undergoes strict verification to ensure accuracy and compliance with financial disclosure standards. The news collection serves as a reliable reference for tracking Torex Gold's progress in gold mining operations, resource optimization efforts, and technological implementations across its mining complex.
Bookmark this page for direct access to original corporate communications, maintaining an informed perspective on the company's operational performance and long-term value creation in the precious metals sector.
Torex Gold Resources released its 2023 Responsible Gold Mining Report, emphasizing its commitment to Environmental, Social, and Governance (ESG) standards. The report spotlights key achievements such as a lost-time injury frequency of 0.31 per million hours worked, reaching 10 million hours without a lost-time injury at the El Limón Guajes site, zero environmental incidents, and a significant community impact with $3.1 million invested in local development.
Torex also reported a 66% water recycling rate, planted 70,560 trees, and made 90% of its procurement spend in Mexico, totaling $158 million. The report aligns with the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) standards and demonstrates improvements in ESG ratings by MSCI, Sustainalytics, and CDP.
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.
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