Torex begins copper production at Media Luna
Toronto-based mining firm Torex Gold Resources has achieved a key milestone at its Media Luna project in Mexico, producing its first batch of precious-metal-rich copper concentrate following the completion of a four-week processing plant tie-in period.
"Following almost three years to the day of the release of our feasibility study for the Media Luna project, we have completed the tie-in period at our processing plant and achieved first production of copper concentrate," said CEO and president Jody Kuzenko.
"This milestone represents substantial completion of the project and the beginning of the next chapter in the evolution and growth of Torex as we become a gold and copper producer."
The company expects to begin trucking copper concentrate within days and has secured contracts to handle sales and logistics. Commercial production remains on track to start in the coming weeks.
The tie-in period involved 83 tie-ins and the commissioning of 136 separate systems. Throughout the transition, mining operations at Media Luna continued, with ore now transported via the Guajes Tunnel conveyor.
Torex has drilled off 88 stopes, including 46 of the 60 planned for mining in 2025. Monthly development rates have exceeded the targeted 1 200 m, and throughput levels are expected to rise further once the paste plant is commissioned in the second quarter.
The company remains on schedule to reach steady-state mining rates of 7 500 t/d by mid-2026 - six months ahead of feasibility study projections.
"As we pivot to strong free cash flow generation mid-year, we are confident that we will significantly enhance shareholder value by reinvesting in drilling to further grow reserves and resources, developing our next mine at EPO, returning capital through dividends and share buybacks, and strengthening the balance sheet to support accretive growth opportunities," Kuzenko said.
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