Torex Gold Resources Inc Q3 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst : Congratulations on the quarter. Just looking ahead to the feasibility study. You outlined -- Jody, you outlined various scope changes since the PEA. Should we expect any more scope changes in the FS? Or is the FS primarily for the purpose of conveying the CapEx and mine plan details and production -- year-by-year production and so on?

Question: Don DeMarco - National Bank Financial, Inc., Research Division - Analyst : Okay. Look forward to that. And I heard Andrew say that the -- there are some inflationary pressures on cyanide, electricity and diesel. Will those expectations for inflationary pressures also be baked into the cost in the FS?

Question: Trevor Turnbull - Scotiabank Global Banking and Markets, Research Division - Analyst : I just wondered if you could give us a little more color and break down a bit kind of the grades that went into the plant in the quarter. I can see that the average gold mined was like 2.75 grams. But I wasn't clear if when you blended in some stockpiled material, if what was coming kind of from the underground and from the open pit, if it was 2.75 or if it was something a bit different than that. And the reason I was asking is you had referenced that grades potentially are a bit lower in the fourth quarter. And I'm wondering, are you referencing lower than, say, the average grade of that 3.48 or that average open pit grade of 2.75?

Question: Trevor Turnbull - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. And just -- I guess, while we're on it to round it out, the grades have been a little bit lower coming out of the underground. Is that kind of as expected? Or do those come back up around 7 going forward?