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(Kitco News) – Torex Gold (TSX: TXG) announced today it has received approval from Mexico’s Secretariat of Environment and Natural Resources regarding an amendment to the key environmental permit (MIA) for the Media Luna project, which will allow for the deposition of tailings into the mined-out Guajes open pit.

In a statement, the company said this is the last environmental approval required for the operational phase of the Media Luna project, which allows the company to move forward with the deposition of tailings into the mined-out Guajes open pit.

According to Torex, the switch to in-pit tailings deposition from filtered and dry-stacked tailings will coincide with the planned commissioning of the copper and iron sulphide flotation circuits as well as concentrate filtering and handling facilities.

Torex added that work to prepare the Guajes pit for future tailings deposition will commence shortly in preparation for the company’s plans to start depositing tailings in late 2024.

“Receipt of the MIA amendment marks another significant project de-risking milestone and further demonstrates the ongoing support of local communities and the endorsement of State and Federal Governments of both the social and environmental facets of the Morelos complex,” said president and CEO Jody Kuzenko.

Torex is an intermediate gold producer based in Canada, engaged in the exploration, development, and operation of its 100% 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 Limón Guajes (ELG) mine complex, the Media Luna project, a processing plant, and related infrastructure.

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.
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