Torex Gold Releases 2024 Responsible Gold Mining Report

Core Insights - Torex Gold Resources Inc. released its 2024 Responsible Gold Mining Report, emphasizing its commitment to responsible mining practices and showcasing its safety, environmental, social, and governance performance [2][3] Group 1: Report Highlights - The report achieved full conformance with the World Gold Council Responsible Gold Mining Principles and the International Cyanide Management Code [4] - There were zero reportable environmental incidents or spills during the reporting period [4] - 99% of employees are from Mexico, with 67% from Guerrero State and 41% from local communities [4] - The company invested $3.5 million in community development and infrastructure projects through Community Development Agreements with 11 host communities [4] - 92% of procurement expenditures, amounting to $929 million, were spent in Mexico [4] - 58% of water usage was recycled, and 60% of non-mineral waste was recycled [4] - The company was featured in a World Gold Council documentary, which has garnered approximately 6 million views [4] - There was a continued improvement in scoring from key ESG ratings agencies [4] Group 2: Strategic Objectives - The company's strategic objectives include delivering Media Luna to full production, building the EPO project, optimizing production and costs at Morelos, growing reserves and resources, and maintaining leadership in responsible mining [8] - The company aims to attract and retain top industry talent while seeking opportunities for asset acquisition to diversify and enhance shareholder value [8] Group 3: Company Overview - Torex Gold Resources Inc. is an intermediate gold producer based in Canada, operating the Morelos Property, which spans 29,000 hectares in the Guerrero Gold Belt, located 180 kilometers southwest of Mexico City [6][7]