Torex Gold Provides an Update on the Fatalities at ELG Underground
Torex Gold Provides an Update on the
Fatalities at ELG Underground
Toronto, Ontario--(Newsfile Corp. - December 9, 2024) - Torex Gold Resources Inc. (the "Company" or
"Torex") (TSX: TXG) provides an update on the carbon monoxide exposure at the El Limón Guajes
underground mine ("ELG Underground") that claimed the lives of two employees and one contractor and
injured a second contractor. The relevant authorities have all been notified and the Company is fully
cooperating with regulators. Operations within ELG Underground have now resumed.
Jody Kuzenko, President & CEO of Torex, stated:
"There are no words to properly express the sorrow we feel as we mourn the three individuals who lost
their lives at ELG Underground. Our focus has been on supporting the families of our employees to the
fullest extent, and on supporting our team at site through this very difficult time.
"Authorities have undertaken their initial assessments and regulator-led investigations at various levels
will continue with our full and transparent cooperation. We have also commenced our own internal
investigation to determine how, despite multiple levels of safety protocols and controls, such a tragedy
could have occurred. Findings from all audits and investigations will be used to reinforce safety protocols
as required.
"While the full investigation is only just beginning, early indications are that the exposure was an isolated
incident in an area of the mine that was being prepared for ventilation following a stope blast. Two
experienced individuals went into a restricted area where carbon monoxide was present, and in an effort
to rescue their colleagues who suffered exposure, two other individuals entered the area as well. Three
of the individuals passed away as a result, while the fourth was transported to a local hospital and is now
at home recovering.
"Following a 24-hour stand down, operations at ELG Underground have resumed, as have underground
development and construction activities at Media Luna. Full-year 2024 production guidance and the
Media Luna Project schedule have not been impacted.
"Our sincerest condolences remain with the families and loved ones of those who lost their lives. We
commit to honouring their memory by working together at our operations and with the mining industry
more broadly, to prevent something like this from ever happening again."
ABOUT TOREX GOLD RESOURCES INC.
Torex is an intermediate gold producer based in Canada, engaged in the exploration, development, and
operation of its 100% owned Morelos Property, an area of 29,000 hectares in the highly prospective
Guerrero Gold Belt located 180 kilometres southwest of Mexico City. The Company's principal asset is
the Morelos Complex, which includes the El Limón Guajes ("ELG") Mine Complex, the Media Luna
Project, a processing plant, and related infrastructure. Commercial production from the Morelos
Complex commenced on April 1, 2016 and an updated Technical Report for the Morelos Complex was
released in March 2022. Torex's key strategic objectives are: integrate and optimize the Morelos
Property; deliver Media Luna to full production; grow reserves and resources; disciplined growth and
capital allocation; retain and attract best industry talent; and build on ESG excellence.
FOR FURTHER INFORMATION, PLEASE CONTACT:
TOREX GOLD RESOURCES INC.
Jody Kuzenko
President and CEO
Direct: (647) 725-9982
Dan Rollins
Senior Vice President, Corporate Development & Investor Relations
Direct: (647) 260-1503
CAUTIONARY NOTES ON FORWARD-LOOKING INFORMATION
This press release contains "forward-looking statements" and "forward-looking information" within the
meaning of applicable Canadian securities legislation. Forward-looking information includes the
confirmation of the full-year 2024 production guidance and the Media Luna Project schedule and the
Company's key strategic objectives. Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of activity, performance or
achievements of the company to be materially different from those expressed or implied by such
forward-looking information, including, without limitation, risks and uncertainties identified in the
Technical Report released on March 31, 2022, entitled "NI 43-101 Technical Report ELG Mine Complex
Life Of Mine Plan and Media Luna Feasibility Study", which has an effective date of March 16, 2022, and
the Company's annual information form ("AIF") and management's discussion and analysis ("MD&A") or
other unknown but potentially significant impacts. Forward-looking information and statements are based
on the assumptions discussed in the Technical Report, AIF and MD&A and such other reasonable
assumptions, estimates, analysis and opinions of management made in light of its experience and
perception of trends, current conditions and expected developments, and other factors that management
believes are relevant and reasonable in the circumstances at the date such statements are made.
Although the company has attempted to identify important factors that could cause actual results to differ
materially from those contained in the forward-looking information, there may be other factors that cause
results not to be as anticipated. There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
information. Accordingly, readers should not place undue reliance on forward-looking information. The
Company does not undertake to update any forward-looking information, whether as a result of new
information or future events or otherwise, except as may be required by applicable securities laws. The
Technical Report, MD&A and AIF are filed on SEDAR+ at
www.sedarplus.ca
and available on the
Company's website at
www.torexgold.com
.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/232964