We are looking to the future of our mining operations in Guerrero through our Media Luna Project, located seven kilometres from ELG. Media Luna is an underground deposit which primarily contains gold, copper and silver mineralization, located on the south side of the Balsas River. The deposit, hosted in a magnetic anomaly, was discovered in March 2012.
Our Board of Directors approved the Media Luna Project in March 2022 and construction is well underway, with anticipated commercial production in Q1 2025. With this investment, we will extend the life of mine through at least 2033 and lay a firm foundation for the future growth plans of Torex.