The company's principal asset, the Morelos Complex, includes the Media Luna, ELG Underground, and ELG Open Pit mines, the EPO project, a processing plant, and related infrastructure. With the addition of EPO, production at Morelos is expected to remain above 450,000 gold equivalent ounces per year through at least 2030 and extend mine life to at least 2035.
Cyborg Score Rationale
Market-leading producer in Mexico with diversified ore body approaching production from new mines (Media Luna in 2025), strong cash generation, and multi-decade reserve base. Recent revenue growth of 26% and robust EBITDA margins support operational strength, though earnings declined due to commodity price pressures.
Top Insights
Media Luna mine commenced production in 2025, marking first new producing mine addition since 2016
$45 million budgeted for exploration and drilling in 2025 focused on expanding resources and reserves
99% of workforce at site is from Mexico, with 70% from Guerrero State and 40% from local communities
Company employs approximately 883 people
Named Competitors
Equinox Gold — Intermediate gold producer with multi-asset portfolio in the Americas
Fortuna Mining — Silver and gold producer with operations in Latin America
Alamos Gold — Intermediate gold producer in Mexico and North America
Centerra Gold — Intermediate gold producer with operations in the Americas and Central Asia
Recent Developments
(Sep 2025) Recognized for exceptional performance among TSX-listed companies
(Jul 2025) Combination transaction to create a leading diversified Americas-focused precious metals company
(Q3 2025) Posted revenue of $416.4M, up 32.7% vs prior year with strong quarterly free cash flow
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