Torex Gold Resources (TSE:TXG) has released an update.
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Torex Gold Resources Inc. has announced that its Media Luna Project is on track, with an updated budget of $950 million due to a stronger Mexican peso impacting costs. The company expects first copper concentrate production by the end of the year and maintains a robust balance sheet with over $345 million in liquidity to cover the remaining costs without diluting shareholder value.
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