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Torex Gold Resources Inc.
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News: TORXF
Torex Gold: A Cash Flow Machine At $4000+ Gold
Torex Gold Resources delivered strong Q2 results, with a net profit of $113.8M and EPS of $1.22, driven by higher gold prices and expanded production. TXG has transitioned to a cash flow harvesting phase, generating $98M in Q2 free cash flow and maintaining a robust balance sheet with $169M in cash and zero debt. The company faces elevated risk as a single-asset producer in Mexico, but recent acquisitions, including Los Reyes, offer future diversification potential.
Torex Gold Resources Q2 Earnings Call Highlights
Torex Gold Resources TSE: TXG said its Morelos operation remained on track to meet full-year production guidance after a second quarter that reflected planned mining of lower-grade and lower-recovery stopes. The company produced just over 96,000 gold equivalent ounces in the quarter, bringing year-to-date production to about 197,000 gold equivalent ounces.
Torex Gold Reports Q2 2026 Results
Strong free cash flow and 46% AISC margin support continued capital returns, with higher production expected in H2 as grades improve (All amounts expressed in U.S. dollars unless otherwise stated) Toronto, Ontario--(Newsfile Corp. - August 6, 2026) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) (OTCQX: TORXF) reports the Company's financial and operational results for the three and six months ended June 30, 2026. Torex will host a conference call tomorrow morning at 9:00 AM (ET) to discuss the results.
Torex Gold Provides Q2 2026 Morelos Drilling & Exploration Update
Ongoing drilling continues to demonstrate strong potential to replace reserves and expand the resource base at Morelos (All amounts expressed in U.S. dollars unless otherwise stated) Toronto, Ontario--(Newsfile Corp. - July 13, 2026) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) (OTCQX: TORXF) is pleased to report continued positive results from the Company's drilling and exploration programs at ELG Underground and the Media Luna Cluster. These results reinforce Torex's strategy to grow reserves and resources in order to support a more robust and extended production profile at the Morelos Complex.
Torex Gold Releases Results of Los Reyes Preliminary Economic Assessment
Compelling economics with an estimated after-tax IRR of 37% and after-tax NPV of $1.5 billion (All amounts expressed in U.S. dollars unless otherwise stated) Toronto, Ontario--(Newsfile Corp. - July 7, 2026) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) (OTCQX: TORXF) has released the results of a preliminary economic assessment (the "PEA") for its Los Reyes project in Sinaloa, Mexico, which includes a life of mine operating summary and estimated economics. The PEA confirms compelling economics for Los Reyes, underpinned by an attractive production profile and mine life, strong margins, and manageable upfront investment.
Torex Gold Reports Q2 2026 Production Results
Operations tracking to plan with a strong second half expected, supported by higher grades (All amounts expressed in U.S. dollars unless otherwise stated) Toronto, Ontario--(Newsfile Corp. - July 7, 2026) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) (OTCQX: TORXF) reports second quarter 2026 gold equivalent ("AuEq") production of 96,297 ounces ("oz") and AuEq sales of 91,646 oz.1 On a year-to-date basis, the Company has produced and sold 197,171 oz AuEq and 200,868 oz AuEq, respectively.2 With grades and gold recoveries expected to improve through the second half of the year, the Company remains on track to achieve full-year production guidance of 420,000 to 470,000 oz AuEq.3 TABLE 1: PRELIMINARY SECOND QUARTER 2026 OPERATIONAL RESULTS 1 ELG Underground Media Luna Underground Morelos Complex Ore tonnes mined per day 2,999 tpd 7,714 tpd - Ore processed per day - - 10,793 tpd Au Ag Cu AuEq 2 Grade processed 2.55 gpt 19.29 gpt 0.67% - Recovery 85.4% 86.1% 94.9% - Produced (before payable deductions) 69,278 oz 520.2 koz 13.9 mlb 96,297 oz Sold (after payable deductions) 67,353 oz 448.9 koz 12.6 mlb 91,646 oz Notes to Table: 1) Operational results are preliminary in nature and subject to final reconciliation.2) Q2 2026 AuEq production and sales are based on average market prices of $4,506/oz Au, $73.15/oz Ag, and $6.05/lb Cu. AuEq (oz) = Au (oz) + 1,000 * (73.15 / 4,506) x Ag (koz) + 1,000,000 x (6.05 / 4,506) x Cu (mlb).
Torex Gold Announces Results of Its 2026 Meeting of Shareholders
Meeting marks formal transition of Andrew Snowden into role of President and CEO Toronto, Ontario--(Newsfile Corp. - June 17, 2026) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) (OTCQX: TORXF) announces the results of its 2026 annual and special meeting of shareholders (the "Meeting") held virtually today. The Meeting marked the retirement of Jody Kuzenko and the formal appointment of Andrew Snowden as President and CEO of the Company.
Torex Gold: From Capex-Heavy To Free Cash Powerhouse
Torex Gold delivered strong Q1'26 results, producing ~98,500 payable GEOs and reporting 217% sales growth and ~$210 million in cash flow, albeit lapping easy comps. Looking ahead, Q2 is expected to see lower GEO sales plus the impact of lower gold prices due to the recent correction, impacting free cash flow generation. However, H2'26 is expected to be much stronger if gold prices hold up, benefiting from lower tax payments and higher production levels.
