Torex just misses 5Moz gold resource at Morales

Though Toronto-based Torex Gold on Friday said it missed its five-million ounce resource goal “by a whisker” at its Mexican Morelos project, the 4.8-million in measured and indicated ounces the company unveiled are nothing to be sneezed at....

Torex gunning for 5Moz resource at Mexican gold project

Torex Gold, which owns the Morelos project located 180 km south-west of Mexico City, is hoping to grow the deposit’s measured and indicated resources by around 40% to five million ounces when it announces a new estimate later this month. CEO...

Torex restarts exploration at Mexico project

TSX-listed Torex Gold Resources will resume exploration work at its Morelos gold project in Mexico and has begun moving employees and contractors back to the site, the company said on Monday. Torex, which bought control of the asset from Teck...

Gleichen will exercise right to buy rest of Morelos project

TSX Venture Exchange-listed Gleichen Resources has decided to exercise its right of first refusal to buy the 21,2% in the Morelos project, in Mexico, that it does not already own. The stake is currently held by a subsidiary of Goldcorp, which...

Goldcorp sells Morelos project stake to Newstrike

Vancouver-based Goldcorp has agreed to sell its 21,2% holding in the Morelos gold project, in Mexico, to Canadian junior Newstrike Capital, for at least C$52-million in cash and shares, the firms announced on Wednesday. All told, the project will...

Junior buys Teck's Morelos gold project

TSX Venture Exchange-listed Gleichen Resources has completed its acquisition of 78,8% of the Morelos gold project, in Mexico, from diversified miner Teck Resources, the companies announced on Tuesday. In a transaction first announced in August,...

Teck finds buyer for Turkish gold assets

Canada's Teck Resources and Fronteer Development Group have signed a memorandum of understanding with Alamos Gold, for the sale of two gold projects in Turkey for $40-million in cash and four-million shares. Teck owns 60% of the Agi Dagi and...

Teck agrees to sell Mexico gold asset

Vancouver-based Teck Resources has agreed to sell its 78,8% holding the Morelos gold project, in Mexico, to junior Gleichen Resources, for $150-million in cash plus shares representing 4,9% of Gleichen. The transaction is expected to close in the...