en.Wedoany.com Reported - Canadian mining company Torex Gold Resources Inc has announced an investment of approximately $200 million to expand the Media Luna Norte deposit and the El Limón-Guajes underground mine, a project expected to create 400 direct jobs starting in the second half of 2026. This investment aims to solidify Guerrero State's position as one of the main engines of metallurgical production in Mexico.

Faysal Rodríguez Valenzuela, the company's Senior Vice President in Mexico, stated that with these strategic operations within the Morelos Mining Complex, Guerrero State firmly holds the fifth position in national mining production. He noted that the deposit has evolved to a composition of 70% copper and 30% gold, a geological change that prompted the company to install a flotation circuit specifically for processing red metal. With the expansion of Media Luna, the company has shifted to a flotation circuit for copper production while continuing to extract these minerals.

Torex Gold generates annual expenditures of 13.8 billion Mexican pesos for domestic suppliers in Mexico, of which 2.8 billion pesos are directly allocated to Guerrero State companies engaged in civil engineering, hardware, and local services. In terms of energy sustainability, the company has implemented three key projects: increasing the load to 45 megawatts, expanding its substation to 71 megawatts, and commissioning a new solar power plant. Rodríguez Valenzuela clarified that the company has no plans to enter the Sierra de Guerrero, with its current focus concentrated on its 29,000 hectares of existing concessions, of which only 20% has been explored.

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