Torex Gold Resources (TSE:TXG) has released an update.
Torex Gold Resources Inc. has announced promising assay results from their 2024 drilling program at the ELG Underground mine, revealing high-grade mineralization that suggests a potential extension of the mine’s life beyond 2028. The company’s ongoing exploration demonstrates a consistent ability to grow resources and replace reserves, with the aim of maintaining an annual production of over 450,000 ounces of gold equivalent through 2033. These findings are expected to contribute significantly to Torex’s cash flow and facilitate further development across the Morelos Property.
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