Make Kitco Your Homepage

Torex Gold achieves crucial permitting milestone in Mexico

Kitco News

Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!

(Kitco News) - Torex Gold Resources (TSX: TXG) announced Tuesday that the company has received approval from Mexico's Secretariat of Environment and Natural Resources on the amendment of a key environmental permit for its Media Luna project.

According to the company's statement, the approval ("MIA Modification Phase II") allows for construction activities beyond the boundary of the company's existing permit, which is necessary for the continuation of the early works program to access the Media Luna deposit.

Jody Kuzenko, President & CEO of Torex, commented, "We are very pleased to have the approval of the MIA modification in hand, which is a permitting milestone for the execution of our Media Luna early works program. While we had been permitted for early works activities on the north side of the Balsas River, this amendment extends permit boundaries and allows for the construction of key infrastructure on the south side of the river."

Torex is an intermediate gold producer based in Canada, engaged in the exploration, development, and operation of its 100% owned Morelos gold property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometers southwest of Mexico City. The company's principal assets are the El Limón Guajes mining complex and the Media Luna deposit, which is an advanced stage development project.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.