The Prospector News

Torex Gold Reports Q3 2021 Production Results

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article

Torex Gold Reports Q3 2021 Production Results






Annual Production Tracking Towards Upper End of Guided Range


Torex Gold Resources Inc. (TSX: TXG) reports gold production of 111,220 ounces for the quarter ended September 30, 2021 from its El Limón Guajes mining complex in Mexico. Gold sold during the quarter was 118,980 ounces at an average realized gold price of $1,785 per ounce. With 358,780 ounces of gold produced through to the end of the third quarter, production is well on track to be toward the upper end of the 2021 guided range of 430,000 to 470,000 ounces.




    Q3 2021
Gold Produced oz 111,220
Average Plant Throughput tpd 12,500
Average Underground Ore Mined tpd 1,220
Average Open Pit Ore Mined tpd 15,280
Strip Ratio waste:ore 5.3


Torex plans to release its third quarter 2021 financial and operational results on Wednesday, November 3, 2021, followed by a conference call hosted by senior management. Gold grades mined, gold grades processed, and gold recoveries will be reported with the quarterly results.


Jody Kuzenko, President & CEO of Torex, stated:

“Our overall performance in 2021 has been solid, and this quarter was no different. With 358,780 ounces produced through to the end of September, we are well on track to achieve the upper end of the guided range of 430,000 to 470,000 ounces in 2021. Importantly, these ounces continue to be delivered safely, with no lost time injuries during the quarter.


“As expected, third quarter production of 111,220 ounces was lower than the first two quarters of the year as we are mining in areas of the pit where grades are closer to reserve levels, and we expect a similar level of production in the fourth quarter. This quarter also brought with it some operational challenges, including a shutdown of our rope conveyor to carry out necessary maintenance, and a rock fall incident at the El Limón pit. The combination of these events impacted the amount of waste mined in the quarter as haul trucks were redirected to moving ore and stockpiles to feed the processing plant. With the rope conveyor restarted in mid-August and the rock fall incident investigated and fully addressed, mining rates have now returned to normal levels.


“We continue to demonstrate ourselves as a consistent and reliable operator that safely delivers on what we say we will do despite the challenges we may face. We have a truly excellent team, and we look forward to a strong finish to what has been an excellent year so far for Torex.”



Torex is an intermediate gold producer based in Canada, engaged in the exploration, development, and operation of its 100% owned Morelos Gold Property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometers southwest of Mexico City. The Company’s principal assets are the El Limón Guajes mining complex comprising the El Limón, Guajes and El Limón Sur open pits, the El Limón Guajes underground mine including zones referred to as Sub-Sill and El Limón Deep (“ELD”), and the processing plant and related infrastructure, which commenced commercial production as of April 1, 2016, and the Media Luna deposit, which is an advanced stage development project, and for which the Company issued an updated preliminary economic assessment in September 2018. The property remains 75% unexplored.


Posted October 7, 2021

Share this news article


Arizona Silver Extends High Grade Zone at Philadelphia Project

Drills 2.26 Metres at 11.81 gpt Gold And 39.31 gpt Silver within ... READ MORE

May 25, 2022

LAURION Intersects 6.72m True Width* at 0.62 g/t Au and 3.05% Zn as part of a 65m thick mineralized zone in the Newly Opened Area SW Extension of the A-Zone at Ishkoday Au-Zn-Cu-Ag Project

LAURION Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) is ... READ MORE

May 25, 2022


Astra Exploration Inc. (TSX-V: ASTR) is pleased to provide result... READ MORE

May 25, 2022

Osisko Windfall Drilling Intercepts High-Grade in Multiple Lynx Zones

Osisko Mining Inc. (TSX:OSK) is pleased to provide new analytical... READ MORE

May 25, 2022

Integra Intersects Record Silver Grade at DeLamar: 9.85 g/t AuEq Over 26.97 m, Including 80.40 g/t Au and 14,054 g/t Ag (261.28 g/t AuEq) Over 0.40 m in Potential New, High-Grade Structural Zone at Sullivan Gulch

Drill results from Sullivan Gulch (located on the eastern portion... READ MORE

May 25, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News