11:40 AM EST - Torex Gold Resources Inc : Provides an inaugural quarterly update on the development of its Media Luna Project for which a Feasibility Study was included as part of an updated Technical Report released on March 31, 2022. Unless otherwise stated, progress and milestones referenced in this press release are as of December 31, 2022. Jody Kuzenko, President & CEO of Torex, stated: “Development of Media Luna is well underway with the project tracking to schedule and to budget. At year-end, project completion stood at 15%, with first production still anticipated in late 2024. Capital expenditures are tracking well to the original budget, with 26% of the upfront costs committed at year-end including 14% incurred. Project activity is expected to ramp-up significantly in the months ahead, with 2023 expected to be the peak year of spending”. Torex Gold Resources Inc
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