The latest announcement is out from Torex Gold Resources ( (TSE:TXG) ).
Torex Gold Resources has reported its year-end 2024 mineral reserves and resources for the Morelos Complex, highlighting a solidified annual production of at least 450,000 gold equivalent ounces through 2030, with a reserve life extending to at least 2035. The company plans to enhance its production profile beyond 2030 through extensive drilling and exploration, particularly focusing on the EPO Underground deposit, which saw a significant increase in inferred resources. This strategic focus on extending reserve life and optimizing production underscores Torex’s commitment to maintaining its competitive position in the mining industry.
More about Torex Gold Resources
Torex Gold Resources Inc. is a company operating in the mining industry, primarily focused on the extraction and production of gold, silver, and copper. The company is known for its Morelos Complex, which includes several mining operations such as the El Limón Guajes Mine Complex and the Media Luna Underground mine, with a focus on optimizing production and extending reserve life.
YTD Price Performance: 28.13%
Average Trading Volume: 32,476
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.25B
Learn more about TXG stock on TipRanks’ Stock Analysis page.