Torex Gold ( (TORXF) ) has released its Q2 earnings. Here is a breakdown of the information Torex Gold presented to its investors.
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Torex Gold Resources Inc. is a Canadian intermediate gold producer focused on the exploration, development, and operation of its Morelos Property in Mexico’s Guerrero Gold Belt, featuring the Media Luna Underground, ELG Underground, and ELG Open Pit mines.
In the second quarter of 2025, Torex Gold reported a return to positive free cash flow and declared commercial production at its Media Luna project, despite facing operational challenges such as unplanned downtime. The company achieved significant production levels, with over 37,000 gold equivalent ounces produced in June alone, setting a strong foundation for the second half of the year.
Key financial metrics for the quarter included a net income of $83.2 million, with an earnings per share of $0.97 on a basic basis. The company generated revenue of $253.9 million, selling 76,922 gold equivalent ounces at an average realized price of $3,299 per ounce. Despite higher all-in sustaining costs of $2,103 per ounce, Torex anticipates improvements as production scales up.
Strategically, Torex is expanding its footprint with acquisitions of Reyna Silver Corp. and Prime Mining Corp., aiming to diversify and enhance its growth potential with new exploration projects in Mexico and Nevada.
Looking ahead, Torex Gold is optimistic about achieving the lower end of its annual production guidance and expects robust free cash flow to support its strategy of building a diversified precious metals company in the Americas.