TORONTO, Jan. 31, 2018 -- Torex Gold Resources Inc. announces that its wholly owned subsidiary, Minera Media Luna, S.A. de C.V. , has received an extension to the previously announced waiver signed by BNP Paribas, as Administrative Agent, on behalf of the Lenders. This waiver lowers the liquidity covenant threshold in the amended and restated [...]
Jan. 29, 2018 -- Torex Gold Resources Inc. has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis 4,370,000 common shares at a price of C$12.60 per Common Share for gross proceeds of approximately C$55 million . The [...]
Torex Gold Resources Inc. reports that an illegal blockade by an external union has been removed at its ELG Mine Complex in southwest Mexico. Hector Astudillo, the Governor of Guerrero State acted decisively on January 26th, 2018, to lift the illegal blockade by the Los Mineros Union and peacefully re-establish the rule of law. The blockade led to [...]
Further to its news release of January 17, 2018, Torex Gold Resources Inc. announces that it has filed a final short form base shelf prospectus with the Securities Commissions in each of the provinces and territories of Canada, except Québec. The base shelf prospectus will allow Torex to make offerings of up to $500 million of common shares [...]
Torex Gold Resources Inc. announces that it has filed a preliminary short form base shelf prospectus with the Securities Commissions in each of the provinces and territories of Canada, except Québec. The base shelf prospectus will allow Torex to make offerings of up to $500 million of common shares, debt securities, subscription receipts [...]
Torex Gold Resources Inc. announces an updated mineral resource estimate and mineral reserves estimate for its ELG Mine Complex , located in southwest Mexico. The announcement includes a maiden high grade, mineral reserve and mine plan for the Sub-Sill. The estimates were prepared in accordance with National Instrument 43-101 and CIM Definition [...]
Torex Gold Resources Inc. announces that the sequential re-start of the ELG Mine Complex, located in southwest Mexico, has begun. A team of unionized employees and management has initiated the re-start in priority areas of the plant. More employees will be called back as additional sections of the mine and plant are brought on line. This re-start [...]
Torex Gold Resources Inc. announces that 241,000 ounces of gold were poured and 244,800 ounces of gold were sold in the 10 months of operations in 2017, the second ramp-up year at its El Limon-Guajes Mine located in southwest Mexico. The Company also provides a corporate update, including progress towards the re-start of operations at its mine site [...]
Torex Gold Resources Inc. announces that its wholly owned subsidiary, Minera Media Luna, S.A. de C.V. , has received a waiver signed by BNP Paribas, as Administrative Agent, on behalf of the Lenders to lower the liquidity covenant threshold in the credit agreement of July 21, 2017, from $50 million to $30 million until January 31, 2018, with the [...]
Torex Gold Resources Inc. announces, with great regret, that it has suspended the employment contracts of its workforce in Mexico. This suspension is the direct result of an illegal blockade of its ELG Mine, by the Los Mineros Union, an outside union that wants to take over representation of the employees who already have a union. Since the [...]
Torex Gold Resources Inc. is encouraged to report that a majority of its employees have voted to return to work immediately. The Company organized an off-site vote yesterday for its 520 employees that are eligible to join a union. The purpose of the vote was to give union eligible employees an opportunity to speak for themselves in a safe and [...]
Torex Gold Resources Inc. issued a statement today in response to misinformation that is being circulated by labour groups and the media. The Company was made aware of an incident that happened this past weekend in the town of Atzcala, about twenty five minutes from its El Limon Guajes Mine . During this incident, two men were killed in the course [...]
