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Torex Gold Resources Reports Strong Q2 Production Results and Surpasses 10 Million Hours Without a Lost Time Injury
TORONTO, July 13, 2022 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) reports Q2 2022 gold production of 123,180 ounces. Wi
About this update from Torex Gold Resources Inc.
[{"type":"text","content":" TORONTO, July 13, 2022 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) reports Q2 2022 gold production of 123,180 ounces. With 235,620 ounces produced during the first half of 2022, the Company is firmly on track to deliver on full year production guidance of 430,000 to 470,000 ounces. During the quarter, Torex sold 123,360 ounces of gold, resulting in first half gold sales of 231,370 ounces. TABLE 1: Q2 2022 OPERATIONAL HIGHLIGHTS Q2 2022 Gold Produced oz 123,180 Gold Sold oz 123,360 Average Plant Throughput tpd 12,350 Average Underground Ore Mined tpd 1,580 Average Open Pit Ore Mined tpd 10,850 Strip Ratio waste:ore 8.1 Torex plans to release its second quarter financial and operational results after market close on Wednesday, August 3, 2022, followed the next morning by a conference call. Gold grades mined, gold grades processed, and gold recoveries will be reported with the quarterly results. Jody Kuzenko, President & CEO of Torex, stated: “We had another strong quarter operationally during Q2 with gold production of 123,180 ounces. The better-than-expected result was driven by higher grades from the ELG Open Pits and record ore production from the ELG Underground. During the quarter, the ELG Underground achieved an average mining rate of 1,580 tonnes per day, surpassing the prior record of 1,430 tonnes per day achieved in Q2 2021. Plant performance was consistent, with relatively steady throughput at modestly higher recoveries quarter-over-quarter, in line with expectations as mining in the Guajes open pit transitions away from an area of lower recovery ore. “As we capped off this solid quarter of production, our team surpassed 10 million hours worked without a lost time injury, the second time our employees and contractors have achieved this impressive milestone since 2020. With the last lost time injury occurring in April 2021, the Company exited the quarter with a lost time injury frequency of zero over the trailing 12 months. We know the strong culture of safety we have built over the years is reflected in our consistent operational performance, and we plan on enhancing this culture even further as we bring Media Luna into production. “At Media Luna, construction is well underway with long-lead procurement and earthworks on schedule. Development of the Guajes ...