Skip to main content

Torex Gold Announces Appointment of New Chief Financial Officer

Written by Customer Service on . Posted in Public Companies.

TORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) — Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) is pleased to announce the appointment of Andrew Snowden as the Company’s Chief Financial Officer (“CFO”) effective January 4, 2021. Andrew will be replacing Steven Thomas, who will be stepping down from Torex effective December 31, 2020.
Andrew is currently Senior Vice President and CFO at Sherritt International Corporation, a multinational mining company with its primary operations in North America and the Caribbean. He has provided leadership in all areas of business and financial management including strategic planning, performance measurement, debt and equity financing, complex accounting and corporate development.Andrew joined Sherritt in September 2012 as Director of Finance and progressed through senior financial roles including Corporate Controller and Vice President, Finance before assuming his current role in 2017. Prior to joining Sherritt, Andrew gained 12 years of experience at Ernst & Young in the UK, Australia, and Canada. He is a Chartered Professional Accountant (CPA, CA), a member of the Institute of Chartered Professional Accountants of Ontario and has a Bachelor of Science degree from the University of Durham in England.  Jody Kuzenko, President and CEO of Torex, stated:“We are very excited to have Andrew join our team in this pivotal time in the history of Torex Gold. He is a solutions-oriented and values-centered professional who brings a depth of experience beyond financial management and accounting that will be of great benefit to our Company as we look toward the future.“His track record speaks for itself. At Sherritt, he demonstrated his deep experience in equity and debt capital markets by significantly strengthening the Company’s balance sheet through a number of measures including divestment, debt and equity issuances and debt buy backs. He also developed a robust capital allocation processes for both sustaining and growth capital which maximized shareholder returns.“Steven Thomas will be departing Torex at year end. I want to sincerely thank him for all of his contributions to our Company and I wish him the very best in his new endeavors.“Looking to the future, with Andrew joining what is already a world-class team, Torex will continue to not only deliver operational excellence, but position itself for continued growth and value generation as a respected and responsible gold company.”About Torex Gold Resources Inc.
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 kilometres southwest of Mexico City. The Company’s principal assets are the El Limón Guajes mining complex (“ELG” or the “ELG Mine Complex”), comprising the El Limón, Guajes and El Limón Sur open pits, the El Limón Guajes underground mine including zones referred to as Sub-Sill and ELD, and the processing plant and related infrastructure, which commenced commercial production 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 “Technical Report”). The property remains 75% unexplored.For further information, please contact:CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.