Torex Reports Third Quarter 2017 Financial And Operational Results

https://www.torexgold.com/news/torex-reports-third-quarter-2017-financial-and-operational-results

TORONTO, Ontario, November 9, 2017 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) reported today the Company’s financial results for the third quarter of 2017, as ramp-up continues at its El Limón Guajes Mine (ELG) in southwest Mexico. The Company also provided the following update to the previously announced blockade situation at ELG.

Blockade Update:

  • This is day 7 of the blockade, that resulted from a conflict between two unions
  • The military is patrolling the area and attending the site
  • Care and maintenance activities resumed yesterday
  • Discussions are underway with the Federal Police (Gendarmerie) to provide security personnel to the site
  • Blockades are illegal, but they also have a political aspect to them. Excellent political support has been received from State and Federal governments to advance the legal charges and to find a negotiated resolution to the dispute between the two unions
  • The Operations team is optimizing the plan for an efficient plant start up, once the blockade is removed

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