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Torex Gold Resources (TSE:TXG)
TSX:TXG
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.43Last Year’s EPS
0.6Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 5.53%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a balanced sentiment with impressive financial performance and progress on strategic projects like Media Luna, tempered by serious safety concerns and increased costs. The transition to Media Luna is expected to enhance future cash flows, despite current challenges.Company Guidance
During the Torex Gold's Fourth Quarter and Full Year 2024 Results Conference Call, the company provided several key metrics and guidance for the upcoming year. Torex Gold reported achieving annual production guidance for the sixth consecutive year, with record annual revenue exceeding $1.1 billion and record annual adjusted EBITDA over $540 million, despite higher costs. They expect Media Luna's design mining rate of 7,500 tonnes per day to be achieved by mid-2026, six months ahead of schedule. Production for 2025 is expected to be lower due to a four-week shutdown for Media Luna tie-ins, with all-in sustaining costs (AISC) anticipated between $1,400 and $1,600 per ounce. The company also plans to invest $30 million to $35 million in EPO construction, with expected first production by the end of 2026. Torex Gold has budgeted $45 million for exploration, aiming to sustain annual gold equivalent production of at least 450,000 ounces through 2033. They will also begin returning capital to shareholders in 2025, following the completion of Media Luna construction.Record Annual Revenue and Adjusted EBITDA
Torex Gold achieved record annual revenue of over $1.1 billion and record annual adjusted EBITDA of over $540 million for 2024.
Successful Production Guidance Achievement
For the sixth consecutive year, Torex Gold achieved its annual production guidance, maintaining robust margins at 49% for the full year.
Media Luna Project Progress
Media Luna construction is 94% complete, with the underground development ahead of schedule. First copper concentrate production is expected by the end of March 2025.
Exploration and Growth Initiatives
Increased exploration budget to a record $45 million for 2025, aiming to drill around 125,000 meters, nearly double the drilling in 2024.
Strong Liquidity Position
Torex Gold maintains a strong liquidity position with over $330 million available, despite significant capital investment in Media Luna.
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TSE:TXG 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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TSE:TXG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | C$33.28 | C$35.12 | +5.53% |
| Nov 06, 2024 | C$28.63 | C$30.74 | +7.37% |
| Aug 07, 2024 | C$20.06 | C$20.69 | +3.14% |
| May 08, 2024 | C$19.19 | C$20.79 | +8.34% |
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 (TSE:TXG) report earnings?
Torex Gold Resources (TSE:TXG) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Torex Gold Resources (TSE:TXG) earnings time?
Torex Gold Resources (TSE:TXG) earnings time is at May 07, 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 TSE:TXG EPS forecast?
TSE:TXG EPS forecast for the fiscal quarter 2025 (Q1) is 0.43.
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