Wednesday, December 30th 10:51 AM IST

Torex Gold Resources pours first Gold in Mexico

# Torex Gold  # TSX:TXG  # Gold  # Mining  

Torex expected to declare commercial production, on schedule, during the second quarter.

TORONTO (Bullion Street): Canadian project developer Torex Gold Resources (TSX:TXG) has poured about 350 ounces of the first gold and a similar amount of silver produced from its flagship El Limon-Guajes (ELG) mine, located on the Morelos gold property in the highly prospective Guerrero Gold Belt of south-west Mexico.

The TSX-listed miner reported on Tuesday that the entire processing circuit, from crushing through to dry stack tailings disposal, was now operational and had been used in the production of these first ounces.

"For the uninitiated, it can be difficult to envision the number and size of the hurdles that they must clear in order to build a mine, plant, and infrastructure of this scale and complexity. Their accomplishments tend to be 'unsung' and we would like to take this moment to acknowledge their impressive achievement in getting this project built on time and on budget,” president and CEO Fred Stanford stated.

Torex expected to declare commercial production, on schedule, during the second quarter.

Mining from the Guajes pit was ahead of schedule and the mine plan had been adjusted to allow for the drawdown of the ore stockpile through 2016. In the processing plant, the ramp-up has started with the using 6 of 11 leach tanks and 5 of 7 of the tailings filters. As production volumes increased, additional leach and filtration capacity would be used.

Construction of the remaining tanks and filters were complete and commissioning was underway. Torex expected to achieve full production ahead of the original schedule, currently pencilled-in for the first quarter of 2017.

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