trending Market Intelligence /marketintelligence/en/news-insights/trending/48NWjQHkK8WrCKiXIMfgVw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Torex updates Media Luna resource to 6.8 Moz of gold equivalent

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Torex updates Media Luna resource to 6.8 Moz of gold equivalent

Torex Gold Resources Inc. outlined a resource estimate for the Media Luna project in Mexico of 12.6 million tonnes containing 2.24 million gold equivalent ounces grading 5.55 g/t in the indicated category, using a cutoff grade of 2 g/t gold equivalent.

The inferred resource now stands at 4.56 million gold equivalent ounces contained in 33.5 Mt at a gold equivalent grade of 4.23 g/t.

The company said Jan. 13 that 58% of the contained metal value is attributable to gold, 34% to copper and 8% to silver.

The previous resource estimate released in June 2015 comprised 51.5 million tonnes at a gold equivalent grade of 4.48 g/t containing 7.42 million gold equivalent ounces at the same cutoff grade and assuming metal prices of US$1,470 per ounce of gold, US$23 per ounce of silver and US$3.60 per pound of copper.

President and CEO Fred Stanford said a 166-hole infill drill program upgraded about 12.6 Mt of the inferred resource to the indicated category.

The company expects to complete a feasibility study on the project in the next 12 to 14 months, and early field survey and technical study work is already underway to facilitate the permit issuing process.

Torex plans to start excavating the access tunnel to the deposit in the second half this year. Development will be funded through cash flow from the El Limon-Guajes mine in Mexico.