Torex Announces the Transition of Chief Operating Officer With the Appointment of Jody Kuzenko
October 15 2018 - 5:00AM
Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG)
announces the appointment of Ms. Jody Kuzenko to the role of Chief
Operating Officer, effective October 29th, 2018. There will
be a transition period with Jason Simpson, until November 9th,
2018, when Jason leaves the Company for a CEO role within the
industry.
Fred Stanford, President and CEO of Torex
stated: “Jason has been an exceptional team member for the last
five+ years at Torex and we thank him for leading the teams that
built and ramped up the ELG operations. This transition for
him is a natural next step in his career in the mining
industry. He made a material contribution in helping to
create the company that Torex has become and we wish him every
success in his new role.
Jody Kuzenko takes over the operations as they
are transitioning from the heavy technical focus of building and
ramping up, to the people, systems, and leadership focus of stable
operations in continuous improvement mode. She is an
experienced mining executive that comes to us from Vale’s Ontario
Operations in Sudbury. She was most recently the Director,
Business Strategy for the Vale Ontario Operations and immediately
prior to that she was the Director of Refining Operations.
She has spent the last 10 years of her career at Vale in various
executive roles within the operations. She is an accomplished
leader and will be able to draw on her extensive operations
management experience in processing plants, transport functions,
oxygen and acid plants, maintenance shops, hydro generation and
distribution, that will be invaluable to Torex.
She also has extensive experience in safety,
health, environmental protection, labour negotiations and in
working with indigenous communities. Interfacing with
governments and regulatory authorities and her legal background
round out the experience base that she will draw from as she leads
the operations team through the implementation of operations
management systems. These systems and the leadership
behaviors they engender will be the foundation of our continuous
improvement focus and one of the platforms of our growth
strategy.
Additionally, Jody is recognized for her keen
intellect and problem-solving abilities, complemented by values and
understanding of the System’s Leadership Models that Torex employs
to successfully operate and thrive in challenging
environments. We all welcome Jody to the team, and as a team
we look forward to growing the business.”
Torex 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. The Company’s principal assets are the El
Limón Guajes mining complex (the “ELG Mine Complex”),
comprised of the El Limón, Guajes and El Limón Sur open pits, the
El Limón Guajes underground mine including zones referred to as
Sub-Sill and El Limón Deep, and the processing plant and related
infrastructure, which is in the commercial production stage as of
April 1, 2016, and the Media Luna deposit, which is an early stage
development project, and for which the Company issued an updated
preliminary economic assessment in September 2018. 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
STATEMENTS
This 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 COO, expectations of implementing the operations systems,
transitioning from ramp up to stable operations and continuous
improvement mode, 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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