Torex Gold (TSE:TXG) has released an update.
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Torex Gold Resources Inc. reports steady progress on its Media Luna Project, with 95% of its upfront capital already committed and construction nearly 70% complete, looking to start copper concentrate production by the end of 2024. The company maintains a strong funding position with over $400 million in liquidity, which comfortably covers the remaining capital expenditure for the project. Torex anticipates a return to positive free cash flow in mid-2025, bolstered by consistent production and a robust gold market.
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