- Torex Gold Resources (TXG) reported strong Q2 production results and surpassed 10 million hours without lost time to an injury
- The company produced 123,180 ounces of gold in Q2, with 235,620 ounces produced during the first half of 2022
- During the quarter, Torex sold 123,360 ounces of gold, resulting in first half gold sales of 231,370 ounces
- Torex is an intermediate producer of gold and other precious metals based in Canada
- Torex Gold Resources Inc. (TXG) is up 2.49 per cent, trading at C$9.06 per share at 1:06 pm ET
Torex Gold Resources (TXG) reported strong Q2 production results and surpassed 10 million hours without lost time to an injury.
The company produced 123,180 ounces of gold in Q2, with 235,620 ounces produced during the first half of 2022. Torex is firmly on track to deliver on full-year production guidance of 430,000 to 470,000 ounces.
During the quarter, Torex sold 123,360 ounces of gold, resulting in first half gold sales of 231,370 ounces.
Torex plans to release its second quarter financial and operational results after market close on Wednesday, August 3, 2022, followed by a conference call, the next morning.
Jody Kuzenko, President & CEO of Torex, commented on the results.
“We had another strong quarter operationally during Q2 with gold production of 123,180 ounces. The better-than-expected result was driven by higher grades from the ELG Open Pits and record ore production from the ELG Underground. During the quarter, the ELG Underground achieved an average mining rate of 1,580 tonnes per day, surpassing the prior record of 1,430 tonnes per day achieved in Q2 2021.”
“As we capped off this solid quarter of production, our team surpassed 10 million hours worked without a lost time injury. This is the second time our employees and contractors have achieved this impressive milestone since 2020.”
Torex is an intermediate producer of gold and other precious metals based in Canada. The company’s principal asset is the Morelos Complex, which includes the El Limón Guajes Mining Complex, Media Luna Project, processing plant and related infrastructure.
Torex Gold Resources Inc. (TXG) is up 2.49 per cent, trading at C$9.06 per share at 1:06 pm ET.