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Torex Gold Resources Inc(TXG-T)

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Torex Gold Releases Results of Technical Report for the Morelos Complex

Globe Newswire - Thu Mar 31, 5:00PM CDT

Media Luna Project extends life of mine through 2033; Attractive operating cost profile maintained
(All amounts expressed in U.S. Dollars unless otherwise stated)

TORONTO, March 31, 2022 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) has released an updated technical report (“Technical Report”) for its Morelos Complex, which includes an integrated life of mine plan and economics for the producing El Limón Guajes (“ELG”) Mine Complex (consisting of the ELG Open Pits and ELG Underground) and the development stage Media Luna Project (“ML Project”). Based on the results of the feasibility study included in the Technical Report, and with approval from the Board of Directors on development of the ML Project, the Company also announces 2022 capital expenditure guidance specific to the ML Project as well as an updated multi-year production outlook.