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Bullboard - Stock Discussion Forum Torex Gold Resources Inc TORXF


Primary Symbol: T.TXG

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... see more

TSX:TXG - Post Discussion

Torex Gold Resources Inc > Does this mean production is going down
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Post by Dixiedee on Nov 09, 2024 12:52pm

Does this mean production is going down

Does this mean production is going down 

With the plant tie-in as part of the Media Luna Project rescheduled from the fourth quarter of 2024 to the first quarter of 2025, 2024 production guidance has been updated to 450,000 to 470,000 oz (460,000 to 480,000 oz AuEq), from 400,000 to 450,000 oz (410,000 to 460,000 oz AuEq) previously.
Comment by 1condor on Nov 11, 2024 2:41pm
Dixiedee...Good to see you took my advice from the NFG board and have finally made it over here. TXG is a "real mining" stock. Not like NFG which has been a big money killer for you (by the way I finally covered my short on NFG this morning $$$..didnt want to get to greedy). TXG is now my only holding (staying long of course) in the gold space...lots of upside here.
Comment by Dixiedee on Nov 11, 2024 11:05pm
It has fallen with the other gold stocks but I have some concerns with its production being reduced  temporarily I hope but it is being reduced and how big its derivative book is it lost 42 million in the 1st 3 Q of 2924 on derivatives (forward sales ) how big is this book and when does it expire I need to find this out before I would invest in TXG It seems to be overpriced for todays market ...more  
Comment by Dixiedee on Nov 11, 2024 11:20pm
you still keep confusing producers with exploration company's they both have a connection to gold but that is where it ends You invest in producors for different reasons than exploration companies I have been investing in both for 50 years and a smaller part of my portfolio is in exploration  but it still is a substantial amount .Newfound Gold will make its investors over the next few ...more  
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