Torex Gold (TSE:TXG) has released an update.
Torex Gold Resources Inc. is nearing completion of its Media Luna Project, with 95% of initial capital committed and 70% of overall construction done, ensuring it stays on schedule for copper concentrate production by year’s end and commercial operations in early 2025. The company has maintained a strong liquidity position, with over $400 million available, sufficient to cover the remaining $257 million in capital expenses, while aiming to keep a $100 million balance. This significant progress, coupled with a robust gold market, positions Torex Gold for a return to positive cash flow and promises increased shareholder value as they expand in Mexico.
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