Torex Gold ( (TORXF) ) has released its Q3 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 mining company specializing in the exploration, development, and production of gold, copper, and silver, primarily from its Morelos Complex in Guerrero, Mexico, which is the country’s largest single gold producer.
In its latest earnings report for the third quarter of 2025, Torex Gold announced a significant return to strong free cash flow, driven by excellent operational results and the completion of the Media Luna Project. The company generated $113 million in free cash flow, with an all-in sustaining costs margin exceeding 50%.
Key highlights from the report include a quarterly production of 119,034 gold equivalent ounces, contributing to a revenue of $416.4 million. The company also reported a net income of $114.4 million, or $1.33 per share, and adjusted net earnings of $103.4 million. Torex Gold has also initiated a return of capital policy, including a quarterly dividend and share buybacks.
Looking forward, Torex Gold is optimistic about its growth prospects, with plans to ramp up production at the Media Luna mine and start production at the EPO project by late 2026. The company aims to achieve the low end of its annual production guidance and expects to maintain strong operational momentum into 2026, supported by its diversified portfolio and strategic acquisitions.