Friday, November 09, 2012 12:10:07 PM
Fred Stanford Talks About Torex’s $380M Financing and Bankable Feasibility
Kevin Michael Grace
November 6, 2012 - Torex Gold Resources Inc T.TXG announced October 23 it had closed a $380-million bought-deal share offering (including a $30-million oversubscription) to finance its Morelos Gold Project, 180 kilometres southwest of Mexico City, and working capital.
Morelos contains proven and probable reserves of 48.8 million tonnes grading 2.61 grams per tonne gold and 4.35 g/t silver for 4.09 million ounces gold and 6.81 million ounces silver. According to a bankable feasibility study announced September 4, based on $1,276-per-ounce gold, Morelos is scheduled to begin production in 2015 and produce 3.47 million ounces over 10.5 years at $421 per ounce, with cumulative cashflow of $1.56 billion. The initial CAPEX is $552 million; the aftertax net present value (NPV) is $900 million (at a 5% discount); the aftertax internal rate of return (IRR) is 24.9%; and the payback period is 3.6 years.
President/CEO Fred Stanford was interviewed by Kevin Michael Grace October 30, read it here. http://resourceswire.com/2012/11/high-grade-is-a-wonderful-thing/
Recent TXG News
- 10x Genomics to Report First Quarter 2024 Financial Results on April 30, 2024 • PR Newswire (US) • 04/10/2024 08:05:00 PM
- 10x Genomics Commercially Launches Visium HD Spatial Gene Expression Assay • PR Newswire (US) • 03/26/2024 01:00:00 PM
- 10x Genomics Expands Xenium Menu with Multi-Modal Cell Segmentation Kit and Immuno-Oncology Gene Panel • PR Newswire (US) • 03/21/2024 08:05:00 PM
- 10x Genomics Begins Commercial Shipments of Chromium GEM-X Products • PR Newswire (US) • 03/13/2024 08:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:12:06 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/04/2024 11:40:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/26/2024 09:13:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/26/2024 09:12:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/26/2024 09:12:10 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/23/2024 12:19:58 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/23/2024 12:06:30 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/22/2024 11:59:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 09:20:30 PM
- 10x Genomics to Present at the 44th Annual TD Cowen Health Care Conference • PR Newswire (US) • 02/20/2024 09:05:00 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 02/15/2024 10:33:00 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/15/2024 10:16:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/15/2024 09:05:40 PM
- 10x Genomics Reports Fourth Quarter and Full Year 2023 Financial Results and Provides Outlook for 2024 • PR Newswire (US) • 02/15/2024 09:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/13/2024 09:56:40 PM
- 10x Genomics Expands Leadership in Single Cell Analysis with Launch of GEM-X Technology • PR Newswire (US) • 02/07/2024 09:05:00 PM
- 10x Genomics to Showcase New Cutting-Edge Technologies and Highlight Innovation Roadmap at 2024 AGBT General Meeting • PR Newswire (US) • 02/05/2024 09:05:00 PM
- 10x Genomics to Report Fourth Quarter and Full Year 2023 Financial Results on February 15, 2024 • PR Newswire (US) • 01/24/2024 09:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/18/2024 09:49:13 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 01/16/2024 11:08:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/16/2024 09:07:19 PM
Coinllectibles' Subsidiary, Grand Town Development Limited, Acquires Rare Song Dynasty Ceramics Worth Over USD28million • COSG • Apr 18, 2024 8:03 AM
ILUS Provides Form 10-K Filing Update • ILUS • Apr 17, 2024 9:54 AM
Glucotrack Announces Expansion of Its Continuous Glucose Monitoring Technology to Epidural Glucose Monitoring • GCTK • Apr 17, 2024 8:00 AM
Maybacks Global Entertainment To Fire Up 24 New Stations in Louisiana • AHRO • Apr 16, 2024 1:30 PM
Cannabix Technologies Begins Certification of Contactless Alcohol Breathalyzer, Re-Brands product series to Breath Logix • BLOZF • Apr 16, 2024 8:52 AM
Kona Gold Beverages, Inc. Acquires Surge Distribution LLC from Loud Beverage Group, Inc. (LBEV) • KGKG • Apr 16, 2024 8:30 AM