Torex Pours First Gold at El Limón-Guajes
The El Limón-Guajes project is based on two independent open pits. The pits will feed a centrally located cyanide leach/carbon-inpulp processing plant, with dry stack tailings deposited just to the west of the plant.
The processing plant has designed throughput capacity of 14,000 mt/d. Life-ofmine all-in sustaining costs are estimated at $637/oz of gold. Capital cost to complete the project is coming in at about $800 million.
Proven and probable reserves for the El Limón-Guajes deposits, including stockpiles, currently total 47.9 million mt at grades of 2.69 g/mt gold and 4.36 g/mt silver. Contained metal is estimated at 4.15 million oz of gold and 6.72 million oz of silver. Mill gold recovery is estimated at 87.1% and mill silver recovery is estimated at 32.5%.
The El Limón-Guajes project is located on Torex Gold’s 29,000-ha Morelos property approximately 200 km southwest of Mexico City.