Our 100% owned Morelos Property in Mexico is a world-class asset measuring 29,000 hectares within the highly prospective Guerrero Gold Belt, 180 kilometres southwest of Mexico City. The Property hosts our El Limón Guajes (ELG) Mine Complex, which started commercial production in 2016, and produced 468,203 ounces of gold in 2021. It also hosts our Media Luna deposit, an advanced stage development project located seven kilometres from ELG. 

The results of the feasibility study for the Media Luna Project were included in an updated Technical Report for our Morelos Complex, which was released in March 2022, and includes an integrated life of mine plan and economics for both the ELG Mine Complex and Media Luna.

The Morelos 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.

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