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Torex Gold Resources ( (TSE:TXG) ) has issued an announcement.
Torex Gold Resources Inc. has announced promising results from its 2025 drilling program at the ELG Underground, particularly around the El Limón Sur and Sub-Sill trends. The discovery of new high-grade mineralized structures supports the company’s goal of extending the mine life beyond 2029 and maintaining annual gold production above 450,000 ounces beyond 2030. These results indicate potential for resource expansion and underscore the deposit’s untapped geological potential, which is crucial for the company’s strategic objectives and stakeholder interests.
The most recent analyst rating on (TSE:TXG) stock is a Buy with a C$78.00 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 Neutral.
Torex Gold Resources’ overall score reflects strong financial performance and strategic achievements, such as the Media Luna Project and M&A activities. However, challenges in production, cash flow, and increased costs weigh on the score. The technical indicators suggest a neutral market sentiment, while valuation remains reasonable.
To see Spark’s full report on TSE:TXG stock, click here.
More about Torex Gold Resources
Torex Gold Resources Inc. is a mining company operating in the gold industry, primarily focused on the exploration and production of gold resources. The company is known for its operations at the ELG Underground, where it aims to expand and upgrade its mineral resources and replace mined reserves.
YTD Price Performance: 101.46%
Average Trading Volume: 402,843
Technical Sentiment Signal: Buy
Current Market Cap: C$5.1B
See more data about TXG stock on TipRanks’ Stock Analysis page.