On track to deliver on full year guidance with Q4 expected to be the strongest quarter of the year.
“Torex”) (TSX: TXG) reports Q3 2023 gold production of 85,360 ounces (“oz”) and gold sold of 81,752 oz. With year-to-date gold production of 315,785 oz and the fourth quarter expected to be the highest production quarter of the year, the Company remains on track to achieve annual production guidance of 440,000 to 470,000 oz.
TABLE 1: PRELIMINARY THIRD QUARTER 2023 OPERATIONAL RESULTS
Q3 2023
Mining
ELG Open Pits - Ore tonnes mined tpd 11,153
ELG Open Pits - Waste tonnes mined tpd 110,122
ELG Open Pits - Strip ratio waste:ore 9.9
ELG Underground - Ore tonnes mined tpd 2,321
Processing
Total tonnes processed tpd 13,107
Average gold recovery % 88.7
Average gold grade of ore processed gpt 2.47
Gold produced oz 85,360
Gold sold oz 81,752
Operational results are preliminary in nature and subject to final reconciliation. Financial and operational results for Q3 2023 will be released after market close on Tuesday, November 14, 2023. A conference call hosted by senior management will be held the following day at 9:00 AM ET.
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https://www.globenewswire.com/news-release/2023/10/11/2758882/0/en/Torex-Gold-Reports-Q3-2023-Production-Results.html |