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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 the exploration, development, and operation of its 100% owned 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

Bullboard Posts
Post by hairygoldon Aug 08, 2019 11:58am
158 Views
Post# 30007117

a lot more upside

a lot more upsideI am kind of surprised that no analysts have asked any questions for the past two earnings calls.  Production is increasing on plan, they've found new deposits and mostly, the price of gold is a lot higher than a year ago, yet they did not revise their financial estimates.  Volume and price are both up, but value should be increasing just on Torex's on progress, without the big increase in gold price.

Weird that there is hardly any voluem around earnings. too.  Fundamentals look good, momentum looks good, and the machines and passive gold ETFs flows should be on Torex's side, buying into the lack of liquidity. 
Bullboard Posts