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Torex Gold Resources (TORXF)
OTHER OTC:TORXF
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.54Last Year’s EPS
0.57Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -6.51%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a strong quarter with record revenues and effective cost management, despite some challenges with elevated costs due to high gold prices and a delay in the Media Luna project tie-in. The company's strategic progress and safety achievements are notable positives, but there are concerns about cost increases in 2025.Company Guidance
During the third quarter 2024 earnings call for Torex Gold (TXG.TO), the management provided robust guidance, highlighting several metrics. The company reported a record quarterly average realized gold price, which contributed to an impressive quarterly revenue of $314 million. Production for Q3 reached 119,000 ounces, with total year-to-date production nearing 350,000 ounces. Despite higher royalties and profit sharing due to the elevated gold price, costs are trending downwards; cash costs were reported at $926 per ounce, and all-in sustaining costs at just over $1,100 per ounce—both reflecting a reduction of approximately $100 per ounce from the previous quarter. The Media Luna project was reported to be 87% complete, with strategic adjustments rescheduling the tie-in period to February 2025, which is expected to boost production in 2024. The company remains on track to achieve its revised annual production guidance of 450,000 to 470,000 ounces and anticipates returning to positive free cash flow by mid-2025. The balance sheet remains strong, with a cash balance of $115 million and a funding buffer of $136 million, ensuring ample liquidity to complete ongoing projects.Record Quarterly Revenue
Record quarterly revenue of $314 million, driven by a record realized gold price and operational consistency.
Strong Production and Cost Management
Produced 119,000 ounces in the quarter, with cash costs of $926 per ounce and all-in sustaining costs of just over $1,100 per ounce, a reduction of approximately $100 per ounce compared to the prior quarter.
Media Luna Project Progress
The Media Luna project is 87% complete with engineering completed and procurement at final deliveries. Underground development rates have been strong with monthly lateral development rates in excess of 1,300 meters.
EPO Pre-Feasibility Study Success
EPO pre-feasibility study shows potential to maintain annual gold equivalent production of at least 450,000 ounces through 2030, with further potential to extend this through 2033.
Safety Recognition
Awarded the Silver Hard Hat from the Mexico Mining Chamber for the safest mine in Mexico in 2023 in the category of Open Pit Mining with more than 500 workers.
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TORXF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TORXF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $20.58 | $22.24 | +8.07% |
| Aug 07, 2024 | $14.60 | $15.05 | +3.08% |
| May 08, 2024 | $13.98 | $15.19 | +8.66% |
| Feb 21, 2024 | $10.47 | $10.32 | -1.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Torex Gold Resources (TORXF) report earnings?
Torex Gold Resources (TORXF) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Torex Gold Resources (TORXF) earnings time?
Torex Gold Resources (TORXF) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TORXF EPS forecast?
TORXF EPS forecast for the fiscal quarter 2024 (Q4) is 0.54.
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