Torex Gold resumes operations at ELG underground mine in Mexico
Moussa81/iStock via Getty Images
Torex Gold Resources (OTCPK:TORXF) +6% in Monday's trading after saying it resumed operations at the El Limón Guajes underground mine in Mexico, where three workers died from carbon monoxide exposure.
Torex (OTCPK:TORXF) said it also resumed underground development and construction activities at Media Luna, a nearby project that is approaching conclusion.
FY 2024 production guidance and the schedule for the Media Luna project were not affected by the incident, the company said.
Torex (OTCPK:TORXF) said it has begun an investigation to determine the cause of the accident, but early indications are that the carbon monoxide exposure was an isolated incident in an area of the mine that was being prepared for ventilation following a stope blast.
The new Media Luna project will be tied into the El Limón Guajes complex, and combined are expected to produce 450K-470K oz of gold this year.
Torex Gold Suspends Operations at Morelos Property
TipRanks Dec. 9, 2024
Torex Gold Resources (TSE:TXG) has released an update.
Torex Gold Resources has temporarily halted operations at its Morelos Property in Mexico following a directive from the Ministry of Economy to facilitate an inspection after a recent fatal incident. This suspension includes all activities at the El Limón Guajes underground mine, although the company’s production guidance for 2024 and the Media Luna Project schedule remain unaffected.
Torex Gold Resources has temporarily halted operations at its Morelos Property in Mexico following a directive from the Ministry of Economy to facilitate an inspection after a recent fatal incident. This suspension includes all activities at the El Limón Guajes underground mine, although the company’s production guidance for 2024 and the Media Luna Project schedule remain unaffected.
Torex Gold Reports Three Fatalities at the ELG Underground Mine
December 5, 2024
Toronto, Ontario--(Newsfile Corp. - December 5, 2024) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) regretfully announces that during the day shift on December 5th, a fatal carbon monoxide gas exposure occurred, which claimed the lives of two employees and one contractor at the El Limón Guajes underground mine ("ELG Underground"). A fourth contract employee was also in the area and is currently in hospital and expected to recover.
Jody Kuzenko, President & CEO of Torex, stated:
"We are devastated by the deaths of these colleagues who were working at ELG Underground. While the details are very limited at this time, we do know that a 32-year old male, a 36-year old male and a 39-year old male have lost their lives to carbon monoxide exposure. Our priority right now is to fully support their families and our people, as we start the work to understand how this occurred."
The appropriate authorities have been notified and will receive the Company's full cooperation. Activities at ELG Underground have been suspended and an investigation to determine the cause of the accident will 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.
No comments:
Post a Comment