With the end of the 7-kilometer-long tunnel, Mexico’s largest gold producer Torex is looking for more functional performance in its 29,000 hectares of Morolos in the state of Gold Resources-Curro.
The underground subway underneath the Balzas River connects the Canadian Gold Manufacturer’s highly -produced El Liman Quazus Mine with its new media Luna project.
Completed on March 26, the tunnel is part of a large processing plant tie-in project designed to connect the two tunnels and improve the environmental stability of Torex gold in Mexico.
Torex Gold CEO, the pair of the Gusenko tunnel, made the final ammunition to end the tunnel, and then praised the engineers and workers who registered the tunnel. The subway – 6 meters wide and 6.5 meters high – was completed three months before the table.
In July 2024, El Limon-Quajas became the largest gold producer of Mexico, Minki, with the release of 453,800 ounces. Benaskido tunnel – Powered by Newton Corporation of Canada – It is located in the state of Jagadekas.
According to the project overlooked by Torex GoldMedia Luna – discovered in March 2012 – this is an underground deposit, primarily containing gold, copper and silver mineralization.
In addition to the tunnel, the media Luna expansion includes a water purification station and a new “Flotation Circuit” – a metallic process that uses air bubbles and chemicals to separate valuable minerals from the waste rock.
From August 2022 to September 2024, Torex has spent $ 840 million for the construction and engineering of gold Project in Media Luna.
The company acquired the so -called “largest underground fleet of electric vehicles in Latin America”. 80 emission-free vehicles carry goods between the mines, primarily transporting minerals from the media Luna to the processing plant in El Liman-Kujj.
“This program will combine our position as Mexico’s largest golden manufacturer, while making us a suitable actor in copper production,” the company said in a statement.
Canada’s Ambassador to Mexico Mexico Cameron McKe and Lloyd Walton Alwarez, Representative of Mexico’s Ministry of Economic Ministry, Evelyn Salkato, Attended the swearing -in ceremony With about 1,000 employees, contractors, local and state officials and general members.
Julian Uretegui, president of the Kurro’s Business Coordination Council, praised Torex gold with local providers, standard practices and social development efforts.
Along with the Media Luna program, Torex supports the network of over 1,500 local providers, while training and financing to engage in the mining chain of the state, said Uretekui.
The mining is the second most important industry in which 4.8% of the state’s GDP.
“Mining activities, procurement and taxes from local providers help to create 4,500 direct jobs in the state and 27,000 indirect jobs,” the government said.
Opportunities for gold
Despite falling more than 2% on Thursday-US President Donald Trump’s import fees in the midst of a wide market sales that affect gold traders-the price of a “safe haven property” is rising for much of the year.
As of March 27, gold set 17 records, Reuters reported.
The overall upward path of gold appears intact, and this year is more than $ 500. In addition, central banks are expected to retain the rally, and further diverse the reserves against the US dollar fluctuations caused by Trump’s policies.
(Tagstotranslate) Gold Mining (T) Guerrero Industrry (T) Mexico’s Biggest Gold Producer (T) Torex Gold Guerrero
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