Torex Gold Resources Inc T.TXG

SELL off

[powerman]

Not sure why the price is slipping so badly. The 2022 results are good, the 2023 projections are on target and the 5 year plan is very positive. Whats up? Don't know. Favour buying more rather than selling on this sudden weakness. I guess my stategy will be to hold and see where this downward spike takes us. But very unsetteling. DF

[challenger426]

The only thing I can think of after punching in the numbers for 2023 is that TXG will have a losing 2023 year because of the non-sustaining CAPEX costs of between $412 to $462M.  Most of this cost is for the new Media Luna project coming on stream in early 2025. Keep in mind that 2024 and 2025 should be much better with much lower non-sustaing costs. If you take an average 2023 gold price of

[challenger426]

I just wanted to add to my numbers that TXG has a fantastic balance sheet with lots of cash on hand. Jody Kuzenko, President and CEO of Torex, stated: "We expect 2023 to be pivotal in the evolution of Torex Gold as we continue to execute on several key strategic initiatives, including advancing and de-risking Media Luna, optimizing and extending ELG, as well as growing reserves and