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: Anita Soni - CIBC Capital Markets - Analyst
: So right off the hop, your last comment on looking to acquire, will you wait until midyear next year when you're free cash flow positive? That was
a question because then you might -- as you might tell by then?
Question: Anita Soni - CIBC Capital Markets - Analyst
: Okay. And then -- so the second question would be what are the -- and you may have gone over this before, but I'm new to the story. So what are
the parameters that you're looking for in terms of size, jurisdiction, quartile on cash costs, operating, non-operating, like give us an idea of what
do you think would be a good fit?
Question: Anita Soni - CIBC Capital Markets - Analyst
: Second question, with respect to your reserve, the conversion from M&I to reserves, it seems like the grade that was excluded was around 3.66
gram per tonne, which is pretty high. So could you tell me what the dilution rates are? Or is there another reason why that specific parcel of resources
did not get converted?
Question: Anita Soni - CIBC Capital Markets - Analyst
: Meaning some of it was too far?
Question: Anita Soni - CIBC Capital Markets - Analyst
: Okay. So -- and the question on dilution rates?
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SEPTEMBER 05, 2024 / 2:00PM, TXG.TO - Torex Gold Resources Inc Investor Day
Question: Anita Soni - CIBC Capital Markets - Analyst
: Okay. And then my other question on -- it seems like the whole complex, you've updated the CapEx -- sorry, the process costs and the G&A, like
you've given us an idea of what that is, the whole complex included. You've given us the new mining cost per tonne for EPO, was -- and you did
have a CapEx update. So what was the -- was there any impact on the Morelos proper mining costs? Like -- it seems like those are still the same.
So I'm just curious where that actually -- and how did -- if it's the same, then how did it -- how did those mining costs manage to stay the same?
Question: Anita Soni - CIBC Capital Markets - Analyst
: So, it's $41 a tonne for Media Luna?
Question: Anita Soni - CIBC Capital Markets - Analyst
: Okay. Sorry, because somewhere here, it says 30% less.
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