Torreon Group Inc./NEXT10 Inc. Completes Phase One Investment at Panuco Mining Operations and Advances Gold Production Expansion

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Postmedia has not reviewed the content. by GlobeNewswire Torreon Group Inc./NEXT10 Inc. Completes Phase One Investment at Panuco Mining Operations and Advances Gold Production ExpansionAuthor of the article:Additional capital deployed following approximately $505,000 initial investment; management targets approximately 120 ounces of monthly gold production and prepares for copper operationsTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountGREEN VALLEY, Ariz., Oct. 13, 2026 (GLOBE NEWSWIRE) — Torreon Group Inc./NEXT10 Inc. (OTC: NXTN) (or the “Company”), through Torreon Group, Inc., today announced the completion of its Phase One investment program at its mining operations in Panuco, as the Company continues expanding gold production and prepares for the next stage of the project.This advertisement has not loaded yet, but your article continues below.Earlier this year, Torreon Group Inc./NEXT10 Inc. began investing in equipment and the rehabilitation of existing mining and processing infrastructure at the Panuco site to restore the copper production facilities and increase the gold production capacity.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againBy July 2026, the Company had invested approximately $505,000 into equipment, infrastructure and operational improvements. Following completion of that initial investment, gold production commenced in August 2026.Torreon Group Inc./NEXT10 Inc. is now pleased to report that the second tranche of capital associated with the current expansion program has been deployed. As the additional equipment and infrastructure are integrated into operations, management is targeting initial gold production of approximately 120 ounces per month.“The important point for us is that the Panuco operation has moved from rehabilitation into production, and we are now investing behind an operating asset,” said John B. Hayden, Chairman and Chief Executive Officer of NEXT10/Torreon Group Inc. “We began by rebuilding the infrastructure and putting the equipment in place. Production followed. Now we are deploying additional capital to increase capacity and establish a larger operating base.”This advertisement has not loaded yet, but your article continues below.Hayden continued, “Our approach is straightforward: invest in the asset, establish production, improve the operation and then deploy additional capital where the operating results support it. The Panuco operations demonstrate that progression.”Copper Production Represents Next PhaseTorreon Group Inc./NEXT10 Inc. is also preparing for additional investment intended to establish copper production at the Panuco facility by the end of 2026, and to approve the exploration drill plan at the Copper Belt site.The Company intends to utilize existing and planned processing infrastructure at Panuco to support both gold and copper operations as the facility continues to expand.These activities are intended to create a complementary operating relationship between the two projects: Panuco serves as an expanding processing and production operation while Copper Belt undergoes further exploration and development.Building the Mining PlatformManagement views the current Panuco expansion as the next step in Torreon Group Inc./NEXT10 Inc.’s broader strategy of acquiring and activating hard-asset-backed projects, to develop recurring cash flow.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.The Company expects to provide additional updates regarding Panuco gold-production levels in the weeks to come. The company will also provide operational updates on the development of copper-processing capabilities and the Copper Belt exploration program as material milestones are achieved.About Torreon Group Inc./NEXT10 IncTorreon Group Inc./NEXT10 Inc. (OTC: NXTN), through Torreon Group, Inc. and its affiliated businesses, is focused on acquiring, developing and operating businesses and assets with an emphasis on ventures backed by real estate and other hard assets.The Company’s strategy is to identify assets where additional capitalization, operating discipline and active management may improve operations, generate cash flow and create long-term enterprise value.For additional information, visit www.torreongroupinc.com.Forward-Looking StatementsThis press release contains forward-looking statements, including statements concerning anticipated increases in gold production; the Company’s target of approximately 120 ounces of gold production per month; additional investments at Panuco; planned copper production; the transportation and processing of material from Copper Belt; future drilling and exploration; and Torreon Group Inc./NEXT10 Inc ‘s broader mining and growth strategy.This advertisement has not loaded yet, but your article continues below.Forward-looking statements are based on management’s current expectations, estimates and assumptions and involve risks and uncertainties that could cause actual results to differ materially. These risks include equipment availability and commissioning, mining and processing performance, recovery rates, geological conditions, availability and quality of feed material, commodity prices, operating costs, financing availability, regulatory matters and general economic and market conditions.Mining and Technical InformationUnless expressly stated otherwise, information regarding production potential, anticipated throughput, recoveries, mineralization and future mining or processing activities is based on Company and operator information and management estimates.The Company’s current target of approximately 120 ounces of gold production per month is managements objective and not a guarantee of future production. Actual results may vary materially based on equipment installation and commissioning, availability and characteristics of feed material, recovery rates, mine conditions, operating performance, commodity prices, capital availability and other factors.There can be no assurance that planned investments will result in targeted production levels, that copper production will commence, or that exploration activities will establish economically recoverable mineral resources or reserves.Forward-looking statements speak only as of the date of this release. Except as required by applicable law, NEXT10/Torreon Group Inc. undertakes no obligation to publicly update or revise any forward-looking statement.ContactJohn B. HaydenCEO and ChairmanTorreon Group Inc./Next10 Inc.contact@torreongroup.comThis advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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