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El Limón-Guajes

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Early Works
In Construction
Operation
Current Stage In production
Start:11/2013
Project Details

Description

The El Limón-Guajes gold project is located within Morelos Gold, a 29,000ha property owned by Canadian company Torex Gold Resources. The construction project consists of an open pit mine, featuring reserves of about 5Moz gold at a cut-off grade of 2.79 g/t. Toronto-based Torex Gold expects that, once completed, the project will be one of the largest and lowest cost gold mines in the world. This high grade, open pit gold deposit has measured and indicated resources of 4.8Moz gold at a grade of 2.79g/t, plus 620,000oz gold at a grade of 2.0g/t in the inferred category. Reserves, included in the resources, stand at 4.1Moz gold at a grade of 2.61g/t.

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Principal Works

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  • * Figures and dates are as per the latest publicly available information, as well as information gathered by BNamericas reporters and analysts and are subject to change.

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Key Specs

Full Name
El Limón-Guajes
Project Type
Gold, Open pit mining
Development Phase
In production
Project Status
Active
Project Capacity
0  Moz/y (million ounces per year)  Gold
 Open pit mining
Investment
US$ 800mn
Completion Date
2015
Lifespan
8
Location

The project is located in Guerrero state, approximately 200km southwest of Mexico City.

* The map coordinates represent the approximate latitude and longitude, and not the exact location of the project.


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Owner / operator
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CEO
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