Torex Appoints Steven Thomas as Chief Financial Officer
February 28 2018 - 5:00AM
Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG)
announces that Steven Thomas will be joining the executive team as
Chief Financial Officer effective April 2, 2018.
Fred Stanford, President and CEO of Torex,
stated, “I’m pleased to welcome Steve to the Torex Team. He brings
excellent operational judgement, acquired from many years of
working closely with mine sites. This judgement, his team
based approach, and aligned values, will blend well with the senior
team as they continue to optimize the operations. He also
brings a strategic mindset, with M&A experience, which will be
key in his role, as we advance the growth of the Company. We are
all looking forward to April 2nd, when Steve joins the team.”
Mr. Thomas is an accomplished finance executive
with over 30 years of international corporate experience,
particularly in operating mining companies where he has held
positions of increasing responsibility. He joins the Torex
team from Goldcorp Inc., where he held the role of CFO Canadian
Operations, responsible for improving commercial performance and
governance. Prior to that, he held the role of CFO of De
Beers Canada Inc. for ten years where Mr. Thomas had a proven track
record of delivering results and building, developing and leading
finance teams, and co-developing the company’s strategic direction
in regards to business growth projects. He has a BSC
Accountancy & Economics from the University of Wales, is a
Fellow of the Institute of Chartered Accountants and a member of
the Institute of Corporate Directors.
About TorexTorex is an
intermediate gold producer based in Canada, engaged in the
exploration, development and operation of its 100% owned Morelos
Gold Property, an area of 29,000 hectares in the highly prospective
Guerrero Gold Belt located 180 kilometers southwest of Mexico City.
Within this property, Torex has the ELG Open Pits, The ELG
Underground Mine, and the Media Luna Project, which is an early
stage development project, and for which the Company issued a
preliminary economic assessment (PEA) in 2015. The property remains
75% unexplored.
For further information, please contact:TOREX
GOLD RESOURCES INC.Fred Stanford President and CEO Tel. (647)
260-1502 Email: fred.stanford@torexgold.com
Gabriela SanchezVice President Investor
RelationsTel. (647) 260-1503Email:
gabriela.sanchez@torexgold.com
CAUTIONARY NOTE REGARDING FORWARD LOOKING
STATEMENTSThis press release contains “forward looking statements”
and “forward-looking information” within the meaning of applicable
Canadian securities legislation. Forward-looking statements include
the start date and expectations of the Company's incoming CFO, and
plan to advance the growth of the Company. Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the Company’s actual results,
performance or achievements to be materially different from those
expressed or implied by such forward-looking information,
including, without limitation, those risk factors identified in the
Company’s annual information form and management’s discussion and
analysis. Forward-looking information is based on the reasonable
assumptions, estimates, analysis and opinions of management made in
light of its experience and perception of trends, current
conditions and expected developments, and other factors that
management believes are relevant and reasonable in the
circumstances at the date such statements are made. Although the
Company has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated. There can be no assurance that
such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such information. Accordingly, readers should not place undue
reliance on forward-looking information. The Company does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
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