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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

Post by challenger426on Feb 24, 2021 9:20am
229 Views
Post# 32645395

Just like I said yesterday regarding earnings

Just like I said yesterday regarding earningsEarning are out and they were great.  Condensed earnings comments below:
(71 cents per share vs estimate was 48 cents.  Full year $1.58 per share compared to 79 cents for 2019 ):

Torex Gold Brief: Posts Q4 Record Adjusted Net Income of US$60.9 Million, or $0.71 Per Share on a Basic and Diluted Basis; Delivers $183 Million Lift in Net Cash Year Over Year

08:36 AM EST, 02/24/2021 (MT Newswires) -- Torex Gold Resources (TXG.TO) said its fourth-quarter profit more than doubled on higher gold production and prices.

The company said its net income rose to US$91.9 million, or US$1.05 per share, from US$35.1 million, or US$0.41. Its adjusted profit, which excludes most one-time items, rose 79% to US$60.9 million, or US$0.71

Revenue rose 32% to US$251.6 million, as gold sales rose 4.9% to 133,063 ounces.

Torex said its 2020 gold production of 430,484 ounces topped the 420,000 ounce high end of its guidance.

"Our strong operational performance, in combination with a resurgent gold price, underpinned our strongest annual financial performance ever," chief executive Jody Kuzenko said in a release.


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