As of 2020, Torex was the second-largest gold producer in Mexico. Our workforce is made up of more than 900 direct employees and approximately 1,600 contractors. We are proud that 99% of our workforce at site is from Mexico, with 60% from Guerrero State.
Our principal assets include the El Limón Guajes (ELG) Mine Complex, which is comprised of our El Limón, Guajes and El Limón Sur open pits, our El Limón Guajes Underground Mine (including zones referred to as Sub-Sill and El Limón Deep), and our Processing Plant, which started commercial production on April 1, 2016.
We are also growing the future of our mining operations in Mexico through our Media Luna deposit, which is an advanced-stage development project located seven kilometres from ELG. A Preliminary Economic Assessment for Media Luna was released in September 2018, and a Feasibility Study is currently underway.
Our Morelos Gold Property has the potential to provide significant future opportunities beyond ELG and Media Luna, with 75% of the property currently unexplored and with multiple, drill-ready exploration targets identified. In addition to realizing the full potential of the Morelos Gold Property, we are seeking opportunities to acquire assets in the Americas that enable profitable and productive geographic diversification.
At the heart of Torex Gold is a deep commitment to building a mining company with values – one that delivers value for our shareholders in a way that embraces innovation and makes a positive difference in people’s lives.