Aug 22 (Reuters) - Torex Gold Resources Inc TXG.TO :
* TOREX GOLD INITIATES GOLD PRICE PROTECTION PROGRAM
* TOREX GOLD RESOURCES INC - HAS ENTERED INTO A SERIES OF ZERO-COST COLLAR HEDGES
* TOREX GOLD RESOURCES INC - A TOTAL OF 96,000 OUNCES OF GOLD SALES HAVE BEEN HEDGED EVENLY OVER NEXT 12 MONTHS