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: Wayne Lam - RBC Capital Markets, Research Division - Analyst
: Congrats on a good quarter. Just had a question on the pit layback at Limon. I recall that the decision and the planning was done, I think at a much
lower gold price around $1,500. Given where gold is today, is there any potential to kind of bring in more material? Or are there any potential
changes to the plan just given the higher gold price?
Question: Wayne Lam - RBC Capital Markets, Research Division - Analyst
: Okay. Great. And then maybe just on the permitting front. Obviously, the MIA Integral was key for you guys in being able to operate. Just curious
if there's any additional incremental permits need for operation that could potentially result in a delay at Media Luna just given some of the
legislative changes in Mexico recently. Just curious if there's any small items on the permitting front that could potentially impact the start of
operations.
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
MAY 11, 2023 / 1:00PM, TXG.TO - Q1 2023 Torex Gold Resources Inc Earnings Call
Question: Wayne Lam - RBC Capital Markets, Research Division - Analyst
: Great. And maybe just last one for me. Just wondering if you might be able to provide a bit more detail on the pricing for the sustainability linked
loan. When does that go into effect? And kind of what are the pricing ranges on the loan relative to the prior facility? Just curious on a bit more
detail on how the targets are set given that you guys already have an industry-leading safety record and commitment on climate change, if those
targets are at levels that you've already kind of been executing on.
Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst
: Great quarter. One of the drivers is the record throughput. Can you add some color on how you choose this 13,000 tonnes -- plus tonnes per day?
And there is some variability quarter-over-quarter, and how should we think about the throughput going forward for the rest of the year?
Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst
: Okay. Okay. That's great. That's encouraging. Now -- so you actually achieved this record despite the fact that you had your 80 hours of maintenance
-- planned maintenance. Looking ahead to Q2, 3 and 4, do you have maintenance every quarter? Or is it a potential that you maybe set a new
record?
Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst
: Okay. And so we're looking at the messaging that was provided here that the costs are going to be above the top end of the AISC guidance range
over the next couple of quarters and that top end to $1,130 and then it's going to be lower than the bottom of the range in Q4, can you give us an
idea of how much higher or how much lower that swing might be over the next 2 quarters and then rebounding at year-end?
Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst
: Okay. And then just finally, a quick question on EPO. I mean, we see the resource estimate. The grades are looking good. We've seen some impressive
intercepts. Can you just tell us the pathway to potentially putting this into production in 2027? And is there an opportunity to even -- given some
of the grades that you've encountered to have a higher grade portion that mined out, so maybe thinking about CapEx or whatever is necessary to
get this into production?
| 
