Torex Gold Reports a Contractor Fatality at the Morelos Complex

Rhea-AI Summary

Torex Gold Resources Inc. (TSX: TXG) reported a fatal accident involving a 40-year-old male contractor at its Morelos Complex on August 29, 2024. The incident occurred in the Guajes Tunnel, leading to the temporary suspension of Media Luna construction activities in the area. The company has notified the appropriate authorities and plans to launch an investigation to determine the cause of the accident.

Jody Kuzenko, President & CEO of Torex, expressed deep sadness over the incident and assured that the company is providing full support to the deceased worker's family. Torex is committed to understanding the circumstances of the accident to prevent similar incidents in the future.

Positive

• None.

Negative

• Fatal accident involving a contractor at the Morelos Complex
• Temporary suspension of Media Luna construction activities in the Guajes Tunnel
• Potential delays and increased scrutiny of safety protocols

Toronto, Ontario--(Newsfile Corp. - August 29, 2024) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) announces that on the morning of August 29^th, a fatal injury occurred involving a contract worker within the Guajes Tunnel.

Jody Kuzenko, President & CEO of Torex, stated:

"We are deeply saddened by the death of a 40-year-old male contractor who suffered fatal injuries while working in the Guajes Tunnel and our thoughts are with his family and friends. Our full support is being provided to his family as we start the work to investigate the incident to understand how we can prevent this from ever happening again."

The appropriate authorities have been notified. Media Luna construction activities in the Guajes Tunnel have been temporarily suspended. An investigation to determine the cause of the accident is expected to commence shortly.

ABOUT TOREX GOLD RESOURCES INC.

Torex is an intermediate gold producer based in Canada, engaged in the exploration, development, and operation of its 100% owned Morelos Property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometres southwest of Mexico City. The Company's principal asset is the Morelos Complex, which includes the El Limón Guajes ("ELG") Mine Complex, the Media Luna Project, a processing plant, and related infrastructure. Commercial production from the Morelos Complex commenced on April 1, 2016 and an updated Technical Report for the Morelos Complex was released in March 2022. Torex's key strategic objectives are: integrate and optimize the Morelos Property; deliver Media Luna to full production; grow reserves and resources; disciplined growth and capital allocation; retain and attract best industry talent; and build on ESG excellence.

FOR FURTHER INFORMATION, PLEASE CONTACT:

TOREX GOLD RESOURCES INC.

Jody Kuzenko
President and CEO
Direct: (647) 725-9982
jody.kuzenko@torexgold.com

Dan Rollins
Senior Vice President, Corporate Development & Investor Relations
Direct: (647) 260-1503
dan.rollins@torexgold.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221502

FAQ

What happened at Torex Gold's Morelos Complex on August 29, 2024?

A fatal accident occurred involving a 40-year-old male contractor working in the Guajes Tunnel at Torex Gold's Morelos Complex.

How has the fatal accident affected operations at Torex Gold (TORXF)?

Torex Gold has temporarily suspended Media Luna construction activities in the Guajes Tunnel following the fatal accident.

What actions is Torex Gold taking in response to the fatal accident at its Morelos Complex?

Torex Gold has notified authorities, is providing support to the deceased worker's family, and plans to launch an investigation to determine the cause of the accident.

When will Torex Gold (TORXF) resume construction activities in the Guajes Tunnel?

The press release does not specify when construction activities will resume. They are temporarily suspended pending an investigation into the fatal accident.