Torreon Group Completes Phase One at Panuco, Targets 120 Ounces of Monthly Gold Output
Torreon Group Inc. and NEXT10 Inc. have finished Phase One operations at the Panuco site and deployed a second tranche of capital. The mining company is setting a near-term production goal of approximately 120 ounces of gold per month following initial gold extraction that started in August 2026.
The completion of Phase One marks a key operational transition from site rehabilitation to active mineral recovery. With roughly $505,000 invested through July 2026, the newly deployed funds aim to support capacity scaling toward the monthly gold output target while limiting early capital exposure.
Looking ahead, the company is preparing to add copper production at the facility by the end of 2026, which would introduce a second revenue stream. Investors will be observing whether the site can maintain consistent delivery of 120 ounces of gold monthly, disclose unit costs, and achieve milestones toward copper extraction.
Key points
- Torreon Group completed Phase One at the Panuco project and deployed a second capital tranche to expand capacity.
- The company is targeting gold output of roughly 120 ounces per month following the start of gold production in August 2026.
- Total capital invested stood at about $505,000 by July 2026 as operations shifted from rehabilitation to production.
- Preparations are underway to begin copper production at the site by the end of 2026.
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How we writeDisclaimerQuestions and answers
What is the monthly gold production target for Torreon Group at Panuco?
The company is targeting approximately 120 ounces of gold output per month after finishing Phase One operations and deploying a second capital tranche.
When did gold production begin at the Panuco project?
Gold production began in August 2026 following approximately $505,000 invested by July 2026 during Phase One rehabilitation work.
Does Torreon Group plan to produce metals other than gold at Panuco?
Yes, the company is making preparations to commence copper production at the Panuco site by the end of 2026.