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Torex Gold Resources Inc T.TXG

Alternate Symbol(s):  TORXF

Metals & Mining Gold
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

Torex Gold Resources Inc
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Post by challenger426on Jan 18, 2023 12:31pm
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Post# 35230877

Price Target kept at $24

Price Target kept at $24FWIW,

Torex Gold Resources Maintained at Outperform by BMO Following 2023 Guidance; Price Target Kept at C$24.00

 

18 Jan 202311:26 ET  

 

11:26 AM EST, 01/18/2023 (MT Newswires) -- BMO Capital Markets on Wednesday reiterated its outperform rating on the shares of Torex Gold Resources (TXG.TO) and its C$24.00 price target after the company released its 2023 guidance and a five-year production outlook.

"In 2023, Torex expects to produce between 440-470koz of gold, consistent with the prior year and a bit better than our expectations. Cash costs are expected to increase to between $740-780/oz and AISC are guided to between $1,080-1,130/oz, which we view as competitive. This year will mark the highest spending at Media Luna (no surprise) which is expected to be between $410-460M. In aggregate, the five-year production outlook was broadly in line with our prior assumptions with slightly higher production in 2023-2025 offset by slightly lower production in 2026/2027<" analyst Ryan Thompson wrote.

Here are the latest 4 rating changes, all up.
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