Torex Reports an Illegal Blockade at the Elg MINE
Corporate Office: 130 King St. West, Suite 1502, Toronto, ON M5X 2A2, Canada – Tel. (647) 260 1500 Fax (416) 304-4000
www.torexgold.com
TOREX REPORTS AN ILLEGAL BLOCKADE AT THE ELG MINE
TORONTO, Ontario, November 6, 2017 - Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG)
announced that during the afternoon of Friday, November 03, a group of approximately 20 local unionized workers
illegally blockaded the main gate to the ELG mine, demanding a change in labour union. This action came after a
meeting held earlier in the day where the Company explained to these workers that the Company did not have the
authority to enact such a change. It could only be accomplished through a government sanctioned process that
considered the intentions of the majority of unionized empl oyees. The illegal blockade has continued since then, in a
peaceful manner, and no unionized workers remain on site. Without a workforce, the Company shutdown the
processing plant in an orderly manner. During the stoppage, there will be a focus on maintaining environmental
protections.
Fred Stanford, President & CEO of Torex stated: “Ramp-ups are not just technical in nature, there are also the social
aspects of the business that need to settle into a predictable pattern. Large scale industrial activity is new to this area,
and while illegal blockades are a successful short-term tactic to draw attention to the interests of a select group, it is
not a tactic that will attract re-investment and long-term prosperity for the region as a whole. We continue to work with
the government and community leaders to establish a pattern of utilizing the established dispute resolution
mechanisms.” He added – “Government authorities have been on-site, and are working to establish their approved
process for resolving disputes as to which union will represent the site workers.”
Torex is an emerging intermediate gold producer based in Canada, engaged in the exploration, development and
operation of its 100% owned Morelos Gold Property, an ar ea of 29,000 hectares in the highly prospective Guerrero
Gold Belt located 180 kilometers southwest of Mexico City. Within this property, Torex has the El Limón Guajes Mine,
which announced commercial production in March of 2016, the Sub-Sill Project, currently under development, and the
Media Luna Project, an early stage development project for which the Company issued a preliminary economic
assessment (PEA) in 2015. The property remains 75% unexplored.
For further information, please contact:
TOREX GOLD RESOURCES INC.
Fred Stanford Gabriela Sanchez
President and CEO Vice President Investor Relations
Tel. (647) 260-1502 Tel. (647) 260-1503
Email: [email protected] E m a i l : [email protected]
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This press release contains “forward-looking statements” and “forward-looking information” within the meaning of
applicable Canadian securities legislation. Notwithstanding the Company’s efforts, there can be no guarantee that the
Company will not face unforeseen delays or disruptions. Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the activities of the Company to be materially different
from those expressed or implied by such forward-looking information, including those risk factors identified in the
Company’s annual information form and management’s discussion and analysis.