Torex Gold reports promising drilling results, potentially extending mine life and boosting gold production.

Torex Gold Resources Inc. reported successful drilling results from its 2024 ELG Underground program, showing high-grade mineralization and potential to expand resources. The findings could help upgrade inferred resources to indicated resources and extend the mine's life. The company aims to achieve positive cash flow by mid-2025 and increase its exploration budget in 2025 to sustain production above 450,000 gold equivalent ounces beyond 2030.

4 months ago
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