30
Jul
13:26
Stronger Mexican peso hits Torex Gold Resources
Torex Gold Resources says its Media Luna copper project in Mexico, which is now facing higher capital expenditure, will begin production slightly later than expected.
The underground deposit, located in the state of Guerrero, will now be $75 million over the original budget of $875m due to the stronger Mexican peso, as well as additional scope items and carryover costs, such as an extra $18.5m in upgrades to the regional power infrastructure requested by the …
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