Media Luna Ramp-Up Success
The Media Luna underground project is advancing ahead of plan, with a significant ramp-up in production reaching nearly 6,150 tonnes per day, exceeding expectations.
Record Free Cash Flow Generation
The company generated $113 million of free cash flow, marking a significant milestone as the first quarter of substantial free cash flow since the start of the Media Luna build.
Debt Reduction and Capital Return
Torex Gold used free cash flow to repay $75 million of debt and announced an inaugural return of capital policy, including a dividend and a share buyback program.
Processing Plant Performance
The processing plant exceeded nameplate capacity, achieving over 11,000 tonnes per day, and recorded high recoveries of 94% for gold and 95% for copper.
Safety Achievements
The company reported no lost-time injuries during the quarter, with a lost-time injury frequency rate of 0.42 per million hours worked, an industry-leading figure.