The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Trevor Turnbull - Scotiabank Global Banking and Markets, Research Division - Analyst
: And congratulations on your team's ongoing safety track record. My first question is just a quick one on the potential to hedge into 2024. I wondered
if you have a maximum in terms of proportion of gold production that you guys would consider?
Question: Trevor Turnbull - Scotiabank Global Banking and Markets, Research Division - Analyst
: Okay. Perfect. And then my only other question was about the lower south portal that you were talking about Jody, and the slower progress due
to the ground conditions. You mentioned that you expect to get into much better rock, the granodiorite in about 400 meters and you're actually
doing some work to determine if that 400 number how, if you can pin that down. That sounds good, but it also sounds like if it is 400 meters, that
could take a while to get that much further along. I know it's just one part of the schedule, but can you just talk a little bit further about why you're
not worried it impacts the bigger schedule?
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MAY 12, 2022 / 1:00PM, TXG.TO - Q1 2022 Torex Gold Resources Inc Earnings Call
Question: Trevor Turnbull - Scotiabank Global Banking and Markets, Research Division - Analyst
: And you mentioned it sounds like a falter a structure. Is it something that just because of the orientation of the 2 different portals, you don't expect
to encounter or you haven't encountered or I should say you won't encounter in the upper one as well?
Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst
: Maybe first question to Andrew, just continuing on with the debt that you're looking into. Andrew, you mentioned that you're evaluating cost of
capital and repayment tenure. Any preferences on this point with regard to the repayment tenure, long dated, medium dated after Media Luna
goes into production?
Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst
: Okay. That sounds reasonable. And maybe just a question to -- switching over to the south portal, upper and lower and the challenging ground
conditions that you anticipated. I think your previous answers address both of those, but moving to the Guajes tunnel. Is there any -- and you're
making remarkable progress through it right now. Are there any areas that you would expect challenging ground conditions along the course of
the tunnel?
Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst
: Okay. Okay. Well, that sounds good overall, encouraging. And also just encouraged by the progress in Guajes and good luck getting through that
South Portal Lower in the next -- this quarter. And maybe just -- so final question. So with Media Luna construction ramping up and so on, do you
have any comments on the supply chain? Are you seeing any potential risk items or supply chain tightness? And any plans to overcome potential
issues to keep the schedule on track?
Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst
: Okay. Well, congratulations on a strong quarter, and good luck continuing on track with guidance the year ahead.
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MAY 12, 2022 / 1:00PM, TXG.TO - Q1 2022 Torex Gold Resources Inc Earnings Call
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