Dig Deep Building the Right Culture and Leveraging it to Grow Fast in Mexico with Jody Kuzenko
In this episode, we chat to Jody Kuzenko, President & CEO of Torex Gold Resources, a Canadian-based gold producer engaged in exploring, developing, and operating its Morelos Gold Property in the highly prospective Guerrero Gold Belt in Mexico.
Jody is a senior mining executive with over 20 years of operational and business experience with a background in law. She has been with Torex Gold since 2018. Moving from COO to CEO within 18 months. Jody gives us an update on what has been happening since we last spoke back in October 2020 in episode 98. We also cover the recent approval of their Media Luna Project.
KEY TAKEAWAYS
- In just a few years Torex has grown to become the second-largest gold producer in Mexico.
- They run open pits and underground mines as well as an integrated mill and processing plant.
- Work on their new Media Luna, a gold, silver, and copper project, in Guerrero, is progressing well.
- They have already found 3.3 million ounces at just over four and a half grams per tonne gold equivalent.
- Not being realistic about CapEx is a bad habit the industry has gotten into, which is undermining investor confidence.
- Torex has been extra careful to be realistic about the CapEx, e.g., factoring in true inflation.
- El Lion and Guajes are still producing well.
- Seventy-five percent of their land package is still to be explored.
- For mining companies’ culture is vital. It is a hugely complex industry that relies on good relationships with so many others.
- It takes a lot of work to get to the stage where employees turn up and willingly do their best, but it pays huge dividends for everyone.
- Torex takes a different approach to culture than many mining companies, which Jody explains in detail, during the episode.
- If the industry wants diversity, “hiring from the club” has to stop.
BEST MOMENTS
‘Given the prosperity of the land package, we believe we will be mining it all for decades to come.’
‘We are absolutely committed to delivering this project on time, on budget… we have consistently delivered on our commitment to the market, over the past 3 years.’
‘We will transform finite mineral resources into lasting prosperity and make a change in the lives of the people that we touch.’
EPISODE RESOURCES
Website: https://torexgold.com
LinkedIn: https://www.linkedin.com/company/torex-gold-resources-inc
Twitter: https://twitter.com/torexgold
Email: dan.rollins@torexgold.com
Previous podcast with Jody - https://omny.fm/shows/dig-deep-the-mining-podcast/revolutionising-underground-mining-with-jody-kuzen
VALUABLE RESOURCES
Email: rob@mining-international.org
Website: https://www.mining-international.org/
LinkedIn: https://www.linkedin.com/in/rob-tyson/
Twitter: https://twitter.com/MiningRobTyson
Facebook: https://www.facebook.com/DigDeepTheMiningPodcast/
Instagram: https://www.instagram.com/theminingpodcast/
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast/videos
ABOUT THE HOST
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community insight into people's experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.
Rob is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specializing in all areas of mining across the globe from the first world to third world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our client's organizations in any mining discipline or level.
Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.
Podcast Description
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content about the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.