Torex Gold Resources Inc - Mining Stock Analysis & Updates
Latest News and Market Performance for Torex Gold Resources Inc
Perm ID: 1-4295921589
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Torex Gold Reports Q1 2025 Production Results
Torex Gold Resources Inc. reported Q1 2025 results, achieving 59,630 ounces of gold equivalent production. Processing plant tie-ins were completed, and first copper concentrate was produced. The company remains on track for its annual production guidance of 400,000 to 450,000 oz AuEq.
Torex Gold Reports Year-End 2024 Reserves & Resources
Torex Gold Resources Inc. reports year-end 2024 mineral reserves and resources for the Morelos Complex, showing changes in proven and probable reserves and resources across various deposits. The company continues to focus on optimizing feed rates and reviewing metal prices.
Torex Gold Reports Excellent Drill Results from Media Luna West and Initial Results from Media Luna East
Torex Gold Resources Inc. reports promising drilling results at Media Luna East and West, indicating high-grade intercepts that support their exploration strategy to enhance the Morelos Complex's production. The company plans extensive drilling and resource estimation through 2025.
Torex Gold Reports Q4 and Full Year 2024 Results
Torex Gold Resources Inc. reports strong operational and financial results for 2024, achieving over 452,000 ounces of gold production and record revenue exceeding $1.1 billion. The company anticipates positive free cash flow by mid-2025 and made significant progress on the Media Luna Project.
Torex Gold Provides Q4 2024 Update on Media Luna Project
Torex Gold Resources reports that its Media Luna Project is 94% complete, with first copper concentrate expected by March 2025. Key milestones include engineering completion, advanced underground development, and successful tie-ins at the processing plant.
Torex Gold Provides 2025 Operational Guidance and Updated Five-Year Production Outlook
Torex Gold Resources Inc. anticipates returning to positive free cash flow mid-2025 as it ramps up the Media Luna Project. The company outlines operational guidance for 2025, including production and capital expenditure forecasts, and a planned plant shutdown for upgrades.
Torex Gold Delivers on Full-Year Production Guidance
Torex Gold Resources achieved its sixth consecutive year of meeting production guidance in 2024, with fourth quarter gold production of 103,795 ounces and total annual production of 452,523 ounces. Operations faced a brief suspension due to a tragedy, but resumed successfully.
Torex Gold to Restart Operations and Project Activities at the Morelos Complex
Torex Gold Resources Inc. announces the lifting of a temporary suspension by the Director General of Mines, allowing full resumption of activities at the Morelos Complex, including mining and processing. Production guidance for 2024 remains steady, with a focus on safety following a recent tragedy.
Torex Gold Receives Notice of Temporary Suspension from the Ministry of Economy
Torex Gold Resources Inc. has temporarily suspended operations at the Morelos Property following a fatal incident at the El Limón Guajes mine, pending an inspection by officials. The company will cooperate fully with authorities to resume activities.
Torex Gold Provides an Update on the Fatalities at ELG Underground
Torex Gold Resources Inc. reports a tragic incident at El Limón Guajes mine where carbon monoxide exposure led to the deaths of two employees and a contractor, with one contractor injured. The company is cooperating with authorities and has resumed operations after a brief stand down. An investigation is underway to enhance safety protocols.
Torex Gold Reports Three Fatalities at the ELG Underground Mine
Torex Gold Resources Inc. announced a tragic incident at the El Limón Guajes mine, resulting in the deaths of two employees and one contractor due to carbon monoxide exposure. A fourth individual is hospitalized. An investigation is underway, and operations are suspended.
Torex Gold Reports Compelling New Results from the 2024 ELG Underground Drilling Program
Torex Gold Resources Inc. reports promising drilling results from ELG Underground, indicating potential for extending mine life and upgrading resources. The company plans to increase exploration budget for 2025, aiming for sustained gold production beyond 2030.
Torex Gold Receives Approval for Normal Course Issuer Bid
Torex Gold Resources Inc. has received approval from the Toronto Stock Exchange to make a normal course issuer bid (NCIB), authorizing the company to buy up to 7,116,777 of its own common shares, which is around 10% of the public float, between November 21, 2024 and November 20, 2025. The move is seen as a way to return capital to shareholders and the purchases will be made on the open market. All shares bought under the NCIB will be cancelled and the company will fund these purchases with its available working capital.
Torex Gold Reports Results From The Ongoing 2024 EPO Exploration Program
Torex Gold Resources Inc. has announced positive results from its ongoing drilling program at EPO, indicating a strong potential to upgrade Inferred Resources to Indicated Resources and expand resources north of the deposit. The first half of 2024's exploration and drilling program has confirmed mineralization extending beyond defined resources to the north and a high potential for converting Inferred Resources to Indicated Resources in the south and northeast of the deposit. The second half of the program is expected to further support the company's goal of sustaining annual gold equivalent production of 450,000 to 500,000 ounces beyond 2030.
Torex Gold Reports Q3 2024 Results
Torex Gold Resources Inc. has reported strong financial results for Q3 2024, owing to a 52% all-in sustaining costs margin. This was driven by a record average realized gold price of $2,313 per ounce and all-in sustaining costs of $1,101 per ounce of gold sold. The robust margins and strong operational performance resulted in $113 million cash generation. Despite spending $114 million on the Media Luna Project, the company retains a liquidity of $347 million. The project is expected to complete by February 2025, with the company planning to increase production in 2024 and accelerate the ramp-up of underground mining in 2025. Torex expects to return to positive free cash flow by mid-
Torex Gold Provides Q3 2024 Update on Media Luna Project and Increases 2024 Production Guidance
Torex Gold Resources Inc. has updated its Q3 2024 report on the development of its Media Luna Project, which is now 87% complete. The tie-ins and upgrades to the processing plant have been rescheduled from November 2024 to February 2025 due to delays in the delivery of critical electrical equipment and recent hurricane activity. The first copper concentrate production is expected in Q1 2025. However, this delay will result in increased gold production in 2024.
