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Torex Gold Resources ( (TSE:TXG) ) just unveiled an announcement.
Torex Gold has issued its 2026 operational guidance for the Morelos Complex, forecasting production of 420,000 to 470,000 gold-equivalent ounces and sales of 410,000 to 460,000 gold-equivalent ounces, a notable increase from 2025 levels driven by a full year of processing plant output, steady-state mining at Media Luna by mid-year and stable production from the ELG underground mine. All-in sustaining costs are projected at $1,750 to $1,850 per gold-equivalent ounce, with management highlighting that higher assumed metal prices, partly offset by economies of scale, should expand margins and fuel strong free cash flow, while total capital expenditures of $285 million to $305 million include a record exploration and drilling budget of $77 million aimed at extending the life and scale of Morelos and advancing projects at Los Reyes and early-stage properties in Nevada and Chihuahua.
The most recent analyst rating on (TSE:TXG) stock is a Buy with a C$82.00 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 is well-positioned with strong financial performance and positive technical indicators. The earnings call provided a positive outlook with strategic advancements and debt reduction. However, liquidity concerns due to declining free cash flow and increased costs slightly temper the overall score.
To see Spark’s full report on TSE:TXG stock, click here.
More about Torex Gold Resources
Torex Gold Resources is a Canadian-based mining company focused on the exploration, development and operation of gold, silver and copper assets, primarily at its Morelos Complex in Mexico. The complex uses a centralized processing facility supplied by the ELG and Media Luna underground mines, positioning Torex as a significant multi-metal producer within the precious and base metals mining sector.
Average Trading Volume: 570,712
Technical Sentiment Signal: Buy
Current Market Cap: C$6.87B
For a thorough assessment of TXG stock, go to TipRanks’ Stock Analysis page.