Torex Gold (TSE:TXG)
OTHER OTC:TXG
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Earnings Data
Report Date
Aug 05, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.23Last Year’s EPS
0.69Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted substantial financial and operational achievements — record margins, record adjusted EBITDA, strong free cash flow, debt repayment, an enhanced $350 million return-of-capital program, early ramp-up of Media Luna mining rates, and zero lost-time injuries. These positives were tempered by near-term operational headwinds: lower finished production and recoveries from mine sequencing, elevated AISC at $1,917/oz driven by lower production, higher reagent use and a stronger Mexican peso (adding ~$50/oz), processing plant outages earlier in the quarter, and unresolved timing to resume work at Los Reyes. Management expects costs and recoveries to improve in the back half of the year and remains on track for full-year guidance, while maintaining strong liquidity and project execution plans.Company Guidance
Record margins, revenue and adjusted EBITDA
Achieved a record AISC margin of 60% for the quarter. Reported record quarterly revenue and adjusted EBITDA of $159 million (quarterly record).
Strong free cash flow and debt-free balance sheet
Generated $157 million of free cash flow in Q1 after paying $165 million of taxes and royalties; forecasting ~ $650 million of free cash flow for 2026 at current spot prices. Fully repaid outstanding debt and ended Q1 debt-free.
Material shareholder returns and increased dividend
Returned $121 million to shareholders in Q1 via dividends and buybacks (including $111 million of repurchases). Announced target to return $350 million to shareholders in 2026, representing ~55% of forecasted free cash flow (about 40% prior to nonsustaining capex). Increased quarterly dividend by 7% to CAD 0.16 per share.
Operational throughput and mining rates ahead of plan
Media Luna achieved consistent design mining rates of 7,500 tonnes per day — nine months ahead of the technical report schedule and three months ahead of the latest forecast. ELG underground continues to exceed its 2,800 tpd target. Plant returned to above-design throughput and averaged over 11,400 tpd in April.
Safety performance
Lost time injury frequency of 0 per million hours worked for both employees and contractors for the quarter.
Exploration and mine life extension
Exploration added 10 years of mine life at Morelos, extending mine life to at least 2034 with clear potential to extend further. Active drilling programs across the Media Luna cluster, Media Luna North/West, ELG underground and regional targets; $45 million drilling budget for the property this year.
Project development progress and capital allocation
Media Luna North on track with North adit breakthrough midyear and main haulage ramp breakthrough expected in late June; $100 million capital targeted to complete Media Luna North in 2026. Los Reyes PEA on schedule for midyear targeting 140,000–150,000 gold-equivalent oz/year and initial mine life of at least 10 years.
Liquidity position
Quarter-end cash balance grew to $130 million (QoQ increase) with available liquidity of $467 million. Company targets a minimum cash balance of $200 million and has an undrawn $350 million revolver for flexibility.
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
TSE:TXG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | C$59.93 | C$65.11 | +8.65% |
Feb 18, 2026 | C$58.48 | C$64.66 | +10.57% |
Nov 05, 2025 | C$56.65 | C$59.83 | +5.61% |
Aug 06, 2025 | C$41.79 | C$41.39 | -0.95% |
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.
FAQ
When does Torex Gold (TSE:TXG) report earnings?
Torex Gold (TSE:TXG) is schdueled to report earning on Aug 05, 2026, TBA (Confirmed).
What is Torex Gold (TSE:TXG) earnings time?
Torex Gold (TSE:TXG) earnings time is at Aug 05, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is TSE:TXG EPS forecast?
TSE:TXG EPS forecast for the fiscal quarter 2026 (Q2) is 2.23.