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An announcement from Torex Gold Resources ( (TSE:TXG) ) is now available.
Torex Gold reported first-quarter 2026 production of 100,874 gold-equivalent ounces and sales of 109,222 ounces, confirming it remains on track to meet full-year guidance of 420,000 to 470,000 gold-equivalent ounces. The quarter marked the successful ramp-up of the Media Luna mine, which reached its 7,500-tonne-per-day design throughput well ahead of schedule, while ELG Underground continued to operate above 3,000 tonnes per day.
Management said Q1 output was affected by mine sequencing that emphasized lower-grade, lower-recovery stopes and by planned and unplanned plant maintenance, with higher-grade areas expected to drive stronger production in the second half of 2026. Torex has begun evaluating options to boost plant throughput and expand production, and used its growing cash flow to repurchase about 2.2% of its shares and pay a quarterly dividend, signaling a continued focus on shareholder returns and balance sheet strength.
The most recent analyst rating on (TSE:TXG) stock is a Buy with a C$74.00 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 Outperform.
Score is driven primarily by strong financial fundamentals (high margins and low leverage) and a constructive earnings-call outlook (higher 2026 production guidance, debt-free position, and strong free cash flow expectations). Offsetting factors are weak technical momentum (price below key moving averages, negative MACD) and the financial risk from volatile free cash flow plus execution/timing risks (security-related project delays and higher capex).
To see Spark’s full report on TXG stock, click here.
More about Torex Gold Resources
Torex Gold Resources Inc. is a Canadian gold mining company listed on the TSX and OTCQX, focused on the Morelos Complex in Mexico. Its primary operations include the Media Luna and ELG Underground mines, producing gold-equivalent ounces with by-product silver and copper, and it targets efficient, large-scale underground production and cash flow generation.
Average Trading Volume: 797,677
Technical Sentiment Signal: Buy
Current Market Cap: C$6.33B
For an in-depth examination of TXG stock, go to TipRanks’ Overview page.