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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 Gold Property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometers southwest of Mexico City.
The Company’s principal assets are the El Limón Guajes mining complex (the “ELG Mine Complex”) and the Media Luna deposit. The ELG Mine Complex is a 14,000 tpd gold mine which has been in production since 2016 and which comprises three open pits, an underground mine, and a CN/CIP processing plant.
The Media Luna deposit (“ML deposit”) is an advanced stage development project which is located 7 kilometers south of the ELG Complex. Current resource for the ML deposit is 51.5 Mt at a grade of 4.48 gpt Au Equivalent, Torex issued a Preliminary Economic Assessment in 2018. The property remains 75% unexplored.