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Last C$1.12 CAD
Change Today -0.005 / -0.45%
Volume 481.5K
TXG On Other Exchanges
As of 12:46 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

torex gold resources inc (TXG) Snapshot

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09/3/14 - C$1.82
52 Week Low
06/19/15 - C$0.88
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torex gold resources inc (TXG) Details

Torex Gold Resources Inc. engages in the exploration and development of mineral properties in Mexico. The company primarily explores for gold, silver, and copper deposits. It principally holds 100% interest in the Morelos Gold project comprising the El Limón and Guajes mineral deposits and the Media Luna deposit covering a land package of approximately 29,000 hectares located in Guerrero State, Mexico. The company was formerly known as Gleichen Resources Ltd. and changed its name to Torex Gold Resources Inc. in April 2010. Torex Gold Resources Inc. was founded in 1980 and is headquartered in Toronto, Canada.

342 Employees
Last Reported Date: 03/31/15
Founded in 1980

torex gold resources inc (TXG) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$515.0K
Chief Financial Officer
Total Annual Compensation: C$242.0K
Chief Operating Officer
Total Annual Compensation: C$300.0K
Vice President of Human Resources
Total Annual Compensation: C$267.8K
Vice-President of Exploration
Total Annual Compensation: C$340.6K
Compensation as of Fiscal Year 2014.

torex gold resources inc (TXG) Key Developments

Torex Gold Resources Inc Announces Assay Results of Step Out Drilling Program At Media Luna

Torex Gold Resources Inc. announced the results of its step out drilling program at its Media Luna deposit. The results of this program will be incorporated in an updated mineral resource estimate which will be the foundation for the Preliminary Economic Assessment (PEA) expected to be completed in July of this year. Highlighted intercepts from the 2013-2015 exploration program include 5.59 g/t Au Eq. over 105.2 m in borehole NWZML-25A, 14.13 g/t Au Eq. over 4.0 m in borehole MLN-07, 4.13 g/t Au Eq. over 28.2 m in borehole MLN-08, 5.10 g/t Au Eq. over 8.4 m in borehole NWZML-23, and 10.20 g/t Au Eq. over 4.4 m in borehole MLN-04. Diamond drilling focused on the northeastern one-third of an approximately 263 Ha magnetic anomaly situated to the northwest of the Media Luna resource. In addition, surface mapping over this portion of the magnetic anomaly in a topographically challenging area revealed exposed massive sulfide-magnetite mineralization along the contact between marble and granodiorite, extending for about 800m along strike and with thicknesses up to 30 m. The outcrops are located 1.2 km north of the northern edge of the Media Luna resource. The Media Luna deposit occurs within the Mesozoic carbonate-rich Morelos Platform, which has been intruded by Paleocene granodiorite to tonalite stocks, sills and dikes. Skarn-hosted gold-silver-copper mineralization is developed along the contacts of intrusive rocks and enclosing carbonate-rich sedimentary rocks. Sedimentary rocks and their contact with the main granodiorite stock dip southwest at approximately 35º. Extensive skarn alteration and metal deposition at this contact exhibits the same dip. Gold­silver-copper mineralization at Media Luna is primarily associated with sulfidized pyroxene­garnet­magnetite exoskarn and with zones of massive magnetite-sulfide, at the contact of granodiorite with marble. Sulfidation of skarn assemblages is closely related to retrograde alteration. This alteration consists of amphibole, phlogopite, chlorite, calcite ± quartz ± epidote. The potential quantity and grade of the exploration targets are conceptual in nature and there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the determination of additional mineral resources.

Torex Gold Resources Inc, Annual General Meeting, Jun 23, 2015

Torex Gold Resources Inc, Annual General Meeting, Jun 23, 2015., at 10:00 US Eastern Standard Time. Location: TSX Gallery, TMX Broadcast Center. Agenda: To consider and receive the audited financial statements of the company for the year ended December 31, 2014 and the report of the auditors thereon; to consider and elect directors of the company for the ensuing year; to consider and appoint KPMG LLP, chartered accountants, as auditors of the company for the ensuing year and to authorize the directors to fix their remuneration; to consider and if deemed appropriate, to pass, with or without variation, an ordinary resolution to approve all unallocated options under the company's stock option plan; to consider and, if deemed appropriate, to pass, with or without variation, an ordinary resolution to approve all unallocated restricted share units under the company's restricted share unit plan; and to consider the transact such other business as may properly come before the meeting or any adjournment or adjournments thereof.

Torex Gold Resources Inc Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2014

Torex Gold Resources Inc. announced audited consolidated earnings results for the year ended December 31, 2014. The company reported net loss for the year ended December 31, 2014 decreased to $26.3 million, compared with a net loss of $67.0 million for the year ended December 31, 2013. Exploration and evaluation expenditures totalled $12.2 million on the Media Luna Project for the year ended December 31, 2014, compared to $46.1 million for the year ended December 31, 2013.


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