Spotlight: Torex Gold’s Media Luna Anchors Morelos Complex - Mexico Business News

AI desk brief

Torex Gold’s Media Luna development, backed by approximately US$875 million in initial capital, is intended to sustain Morelos Complex output above 450,000oz gold-equivalent annually as legacy El Limón Guajes open pits wind down. The source reports third-quarter 2026 production of 131,900oz gold-equivalent and projects copper at roughly 20% of revenue, diversifying the company’s exposure beyond gold. Proven and probable reserves support an initial 11.5-year Media Luna mine life; combined operations are described as extending beyond 2035. Further longevity would depend on exploration and reserve conversion. These developments primarily affect Torex’s operating outlook; a material near-term bullion-price effect is not established.