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Torex Gold Resources ( (TSE:TXG) ) has provided an announcement.
Torex Gold Resources has announced promising results from its 2025 drilling program at Media Luna West, which support the declaration of an inaugural Inferred Resource in its annual update. The drilling has defined a mineralized footprint close to the main Media Luna deposit, with high-grade results indicating potential for a new mining front. The company plans to expand the resource footprint and upgrade resources, leveraging existing infrastructure to enhance its production profile and sustain output beyond 2030.
The most recent analyst rating on (TSE:TXG) stock is a Buy with a C$77.00 price target. To see the full list of analyst forecasts on Torex Gold Resources stock, see the TSE:TXG Stock Forecast page.
Spark’s Take on TSE:TXG Stock
According to Spark, TipRanks’ AI Analyst, TSE:TXG is a Outperform.
Torex Gold Resources’ overall stock score is driven by strong earnings call performance and solid financial health, despite challenges in cash flow and valuation concerns. The technical indicators suggest potential short-term weakness, but the company’s strategic advancements and debt reduction efforts provide a positive long-term outlook.
To see Spark’s full report on TSE:TXG stock, click here.
More about Torex Gold Resources
Torex Gold Resources Inc. is a mining company operating in the gold industry, primarily focused on exploring and developing gold resources. The company is engaged in the extraction and production of gold, with a significant emphasis on the Morelos Complex in Mexico. Torex Gold aims to enhance its production profile by targeting near-mine opportunities within the Media Luna Cluster.
Average Trading Volume: 583,130
Technical Sentiment Signal: Buy
Current Market Cap: C$6.31B
Learn more about TXG stock on TipRanks’ Stock Analysis page.