Torex Gold Resources (TSE:TXG) has released an update.
Torex Gold Resources Inc. announces a multi-year exploration strategy aimed at expanding the mineral resources and extending the mine life at its Morelos Property. The plan includes a systematic prioritization of high-potential targets and a $30 million budget for 2024, with ambitions to sustain annual production of over 450,000 gold equivalent ounces beyond 2027 and to achieve new discoveries. The Morelos Property, largely unexplored, is seen as a key asset for the company’s growth and long-term shareholder value.
For further insights into TSE:TXG stock, check out TipRanks’ Stock Analysis page.