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An announcement from Torex Gold Resources ( (TSE:TXG) ) is now available.
Torex Gold Resources reported its year-end 2025 mineral reserves and resources, highlighting continued strength at the Morelos Complex and the addition of the Los Reyes project to its resource base. Proven and probable reserves at Morelos declined 5% net of depletion to 4.84 million gold-equivalent ounces, but drilling at the ELG Underground added nearly two years of reserve life and the resumption of drilling at Media Luna offset much of the depletion.
Measured and indicated resources at Morelos rose 16% in tonnes, while inferred resources increased 33%, reflecting successful exploration and updated modelling. An inaugural inferred resource of 506,000 gold-equivalent ounces was declared at Media Luna West, and the Los Reyes acquisition contributed a further 2.05 million gold-equivalent ounces of indicated resources and 765,000 ounces inferred, significantly boosting Torex’s overall resource inventory.
The company also modestly increased its metal price assumptions for reserve and resource estimates at Morelos and aligned its application of reasonable economic extraction guidelines across its assets. With a record US$77 million budgeted for exploration and resource drilling in 2026, Torex aims to extend the production profile at Morelos, de-risk Los Reyes, and unlock value from early-stage projects, supporting long-term growth prospects for stakeholders.
The most recent analyst rating on (TSE:TXG) stock is a Hold with a C$62.00 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 TXG Stock
According to Spark, TipRanks’ AI Analyst, TXG is a Neutral.
The score is anchored by strong financial performance—high margins and a low-leverage balance sheet—tempered by uneven free cash flow generation. Technicals are the primary near-term risk, with the stock in a clear downtrend and bearish momentum, while valuation is supportive due to a low P/E.
To see Spark’s full report on TXG stock, click here.
More about Torex Gold Resources
Torex Gold Resources is a Canadian mining company focused on gold production and development, primarily through its flagship Morelos Complex in Mexico. The company is expanding its asset base with the Los Reyes project and maintains a portfolio of early-stage exploration properties, positioning itself as a growing mid-tier gold producer with a focus on resource expansion and mine life extension.
Average Trading Volume: 786,615
Technical Sentiment Signal: Buy
Current Market Cap: C$5.43B
Find detailed analytics on TXG stock on TipRanks’ Stock Analysis page.