At the same time, Fred Stanford will resign from his executive role with the Company.
This year, there are many excellent Director candidates willing to put themselves forward for election, so Andrew, Michael, and I will stand aside to make room for them.
With both of them performing very effectively in role, I will resign as a Torex Director and executive.
Collectively, we found a path through social and technical challenges and have created a very healthy business with a solid social, technical, and financial foundation; one that a great many people inside and outside of the Company are proud to be associated with.
Second to our Directors, investors, and the sell-side teams, whose support, advice, and coaching has been more than helpful and very much appreciated.
All three individuals have been instrumental over the past decade in building the Company from the ground up, and in so doing, have set a solid foundation for future growth and value generation.
“I especially want to acknowledge Fred for his formative work in defining the character of our organization, including the strong spirit of innovation that now exists within the Company’s DNA.
The Company’s principal assets are the El Limón Guajes mining complex , and the processing plant and related infrastructure, which commenced commercial production as of April 1, 2016, and the Media Luna deposit, which is an advanced stage development project, and for which the Company issued an updated preliminary economic assessment in September 2018.
Forward-looking information includes but is not limited to statements that: the three named directors will not stand for reelection at the AGM; Mr. Stanford will resign from his executive role with the Company; Mr. Howes will stand for nomination as Chair at the upcoming AGM; there are many excellent director candidates willing to put themselves forward for election; the Company will continue to assess whether the Muckahi Mining System will be deployed at Media Luna and/or elsewhere as we actively pursue growth opportunities both within our Morelos property and in other jurisdictions; and, the refresh of the Board of Directors is ongoing, and the new slate of Directors that will stand for nomination will be announced along with the Proxy Circular that will be publicly released in May 2021.