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Torex Gold Resources Inc T.TXG

Alternate Symbol(s):  TORXF

Torex Gold Resources Inc. is a Canada-based intermediate gold producing company, which is engaged in exploration, development, and operation of its Morelos Gold Property. The Morelos Gold property covers an area of approximately 29,000 hectares in the prospective Guerrero Gold Belt located 180 kilometers southwest of Mexico City. The Company’s principal assets are the El Limon Guajes mining complex (ELG or the ELG Mine Complex), comprising the El Limon, Guajes and El Limon Sur open pits. The Company also hosts the Media Luna deposit, which is an advanced stage development project located approximately seven kilometers from ELG. The Company’s El Limon Guajes underground mine includes Sub-Sill and El Limon Deep, and processing plant and related infrastructure, and the Media Luna deposit.


TSX:TXG - Post by User

Post by tickerhiton Aug 05, 2020 7:20am
226 Views
Post# 31365338

Torex Gold Resources Q2 Adjusted Earnings Per Share $0.04

Torex Gold Resources Q2 Adjusted Earnings Per Share $0.04
2020-08-05 06:14:30 AM ET (Reuters)
   
   

Aug 5 (Reuters) - Torex Gold Resources Inc:

* TOREX GOLD ANNOUNCES STRONG Q2 2020 FINANCIAL RESULTS AND UPDATED GUIDANCE

* Q2 ADJUSTED EARNINGS PER SHARE $0.04

* Q2 EARNINGS PER SHARE $0.04

* 63,147 OUNCES OF GOLD SOLD AT AN AVERAGE REALIZED GOLD PRICE OF $1,712 PER OUNCE IN QUARTER

* IN QUARTER PRODUCED 59,508 OUNCES OF GOLD INCLUDING 38,892 OUNCES IN JUNE

* LOWER GUIDED OUTPUT AND HIGHER COSTS EXPECTED IN FY

* SEES 2020 GOLD PRODUCTION OF 390,000 TO 420,000 OUNCES

* SEES 2020 TOTAL CASH COSTS PER OUNCE OF GOLD SOLD $695 TO $740

* SEES 2020 ALL-IN SUSTAINING COSTS PER OUNCE OF GOLD SOLD $965 TO $1,025

* Q2 EARNINGS PER SHARE VIEW $-0.07 -- REFINITIV IBES DATA Source text for Eikon: Further company coverage:


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