Ms. Jody Kuzenko reports
TOREX GOLD PROVIDES AN UPDATE ON THE FATALITIES AT ELG UNDERGROUND
Torex Gold Resources Inc. has provided an update on the carbon monoxide exposure at the El Limon Guajes underground mine that claimed the lives of two employees and one contractor and injured a second contractor. The relevant authorities have all been notified, and the company is fully co-operating with regulators. Operations within ELG have now resumed.
Jody Kuzenko, president and chief executive officer of Torex, stated: "There are no words to properly express the sorrow we feel as we mourn the three individuals who lost their lives at ELG underground. Our focus has been on supporting the families of our employees to the fullest extent, and on supporting our team at site through this very difficult time.
"Authorities have undertaken their initial assessments and regulator-led investigations at various levels will continue with our full and transparent cooperation. We have also commenced our own internal investigation to determine how, despite multiple levels of safety protocols and controls, such a tragedy could have occurred. Findings from all audits and investigations will be used to reinforce safety protocols as required.
"While the full investigation is only just beginning, early indications are that the exposure was an isolated incident in an area of the mine that was being prepared for ventilation following a stope blast. Two experienced individuals went into a restricted area where carbon monoxide was present, and in an effort to rescue their colleagues who suffered exposure, two other individuals entered the area as well. Three of the individuals passed away as a result, while the fourth was transported to a local hospital and is now at home recovering.
"Following a 24-hour stand-down, operations at ELG underground have resumed, as have underground development and construction activities at Media Luna. Full-year 2024 production guidance and the Media Luna project schedule have not been impacted.
"Our sincerest condolences remain with the families and loved ones of those who lost their lives. We commit to honouring their memory by working together at our operations, and with the mining industry more broadly, to prevent something like this from ever happening again."
About Torex Gold Resources Inc.
Torex is an intermediate gold producer based in Canada, engaged in the exploration, development and operation of its 100-per-cent-owned Morelos property, an area of 29,000 hectares in the highly prospective Guerrero gold belt located 180 kilometres southwest of Mexico City. The company's principal asset is the Morelos complex, which includes the El Limon Guajes mine complex, the Media Luna project, a processing plant and related infrastructure. Commercial production from the Morelos complex commenced on April 1, 2016, and an updated technical report for the Morelos complex was released in March, 2022. Torex's key strategic objectives are: integrate and optimize the Morelos property; deliver Media Luna to full production; grow reserves and resources; disciplined growth and capital allocation; retain and attract best industry talent; and build on ESG (environmental, social and governance) excellence.
We seek Safe Harbor.
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