02:34 PM EDT, 04/02/2020 (MT Newswires) -- Torex Gold Resources (TXG.TO) on Thursday said it is temporarily suspending operations at its El Limon Guajes mine until April 30 to comply with Mexican quarantine measures. The company said it is also suspending guidance until further notice.

Torex said the mine began a 72-hour maintenance outage on March 31 but operations will now not be restarted after maintenance is complete. A care and maintenance team will remain at the operation.

"Our balance sheet is well positioned to weather this pandemic, with a strong cash position. The 'balance sheet' of our employees will also be maintained through this period of suspension with the continued receipt of base compensation and the upcoming receipt of the 2019 profit sharing payments for Mexico based employees," chief executive Fred Stanford said in a release.

Torex said it suspended its 2020 guidance because it does not yet know how long pandemic measures will impact its ability to produce from the El Limon complex.

"We don't anticipate re-establishing guidance until we have a clear line of sight as to the pandemic related ability to produce during 2020," Stanford said.

Torex shares were last seen up C$0.31 to C$13.78 on the Toronto Stock Exchange.

Price: 13.96, Change: +0.49, Percent Change: +3.64