Torex Gold Reports Q3 2024 Production Results

Wed Oct 09 2024

Torex Gold Resources Inc. (TSX: TXG) reports Q3 2024 gold production of 119,412 ounces and gold sold of 122,130 ounces. With year-to-date gold production of 348,728 ounces, the Company is on track to achieve annual gold production guidance of 400,000 to 450,000 ounces.

Key operational highlights include:

• ELG Open Pits: 16,731 ore tonnes mined per day, 46,727 waste tonnes mined per day, strip ratio of 2.8
• ELG Underground: 2,127 ore tonnes mined per day
• Processing: 12,889 tonnes per day average plant throughput, 90.7% average gold recovery, 3.47 gpt average gold grade of ore processed

The increased production reflects higher processed grades, stable mine production, and steady recoveries. The Company expects continued margin expansion and robust cash flow generation due to strong operational performance and record high gold prices.

Source: https://www.stocktitan.net