| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.33B | 1.12B | 882.60M | 868.50M | 855.80M |
| Gross Profit | 609.49M | 659.80M | 484.60M | 505.20M | 524.80M |
| EBITDA | 713.17M | 548.30M | 421.40M | 481.50M | 500.10M |
| Net Income | 410.46M | 134.60M | 204.40M | 188.80M | 151.70M |
Balance Sheet | |||||
| Total Assets | 3.02B | 2.14B | 1.84B | 1.59B | 1.36B |
| Cash, Cash Equivalents and Short-Term Investments | 119.28M | 110.20M | 172.80M | 376.00M | 255.70M |
| Total Debt | 201.93M | 141.20M | 32.00M | 3.90M | 3.30M |
| Total Liabilities | 597.71M | 508.90M | 340.70M | 303.20M | 258.50M |
| Stockholders Equity | 2.42B | 1.63B | 1.50B | 1.29B | 1.10B |
Cash Flow | |||||
| Free Cash Flow | 111.62M | -112.20M | -178.70M | 130.50M | 99.50M |
| Operating Cash Flow | 472.12M | 449.50M | 300.80M | 408.10M | 330.00M |
| Investing Cash Flow | -366.81M | -562.70M | -498.30M | -280.50M | -203.70M |
| Financing Cash Flow | -97.27M | 53.60M | -7.90M | -7.70M | -44.90M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | C$11.52B | 10.22 | 30.82% | 0.42% | 51.00% | 532.40% | |
74 Outperform | C$8.54B | 11.03 | 12.03% | ― | 33.74% | ― | |
73 Outperform | $12.40B | 10.07 | 22.38% | ― | 48.70% | 1718.41% | |
71 Outperform | $7.15B | 10.24 | 20.98% | ― | 5.33% | 143.67% | |
66 Neutral | C$9.75B | 14.58 | 12.15% | 1.71% | 34.31% | ― | |
62 Neutral | C$8.43B | 25.03 | 10.55% | ― | 151.45% | 1224.07% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
Torex Gold Resources reported a transformational 2025, highlighted by the completion and early ramp-up of its Media Luna project to commercial production, strong operational performance at the Morelos property, and one of its safest years on record with a lost-time injury frequency of 0.07. The company also broadened its growth platform with the acquisitions of Prime Mining and Reyna Silver, positioning itself for a new phase of expansion in Northern Mexico and Nevada.
Financially, Torex delivered record annual revenue of about $1.3 billion and record adjusted EBITDA of $730 million, driven by higher metal prices and solid second-half production, including Q4 output of 114,844 gold equivalent ounces. Strong free cash flow, including a record $166 million in Q4, enabled the company to pay its inaugural dividend, repurchase over 825,000 shares, and fully repay debt used to fund Media Luna, leaving its balance sheet in strong shape heading into 2026 despite higher all-in sustaining costs.
Torex produced 376,364 gold equivalent ounces in 2025, slightly below guidance but sufficient, together with ongoing ramp-up at Media Luna and planned first production from Media Luna North in 2026, to underpin a production outlook of at least 420,000 to 470,000 gold equivalent ounces annually through 2030. Management expects operations at Morelos and continued project development, including a preliminary economic assessment at Los Reyes and leadership transition to a new CEO in June, to support further growth and value creation for stakeholders.
The most recent analyst rating on (TSE:TXG) stock is a Buy with a C$100.00 price target. To see the full list of analyst forecasts on Torex Gold Resources stock, see the TSE:TXG Stock Forecast page.
Torex Gold Resources has announced a planned leadership transition, with long-serving President and CEO Jody Kuzenko set to retire following the company’s annual and special shareholder meeting on June 17, 2026, and current Chief Financial Officer Andrew Snowden slated to assume the role of President and CEO and stand for election to the board at that time. The move, framed as part of a long-term succession plan, comes after a period of operational stabilization, delivery of the Media Luna project and balance sheet strengthening, with the board emphasizing continuity and Snowden’s key role in strategic planning, financing and corporate development as Torex positions itself for its next phase of growth in Mexico, the United States and beyond.
The most recent analyst rating on (TSE:TXG) stock is a Buy with a C$100.00 price target. To see the full list of analyst forecasts on Torex Gold Resources stock, see the TSE:TXG Stock Forecast page.
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.
Torex Gold reported a strong finish to 2025, with fourth-quarter payable production of 115,066 gold-equivalent ounces and full-year payable production of 376,586 gold-equivalent ounces based on market prices, underscoring the successful ramp-up of its Media Luna mine and the robust performance of the Morelos Complex processing plant. Media Luna’s ramp-up is ahead of schedule, exiting the year with mining rates above target and on track to reach steady-state 7,500 tonnes per day by mid-2026, positioning the complex for higher sustained output and significant free cash flow generation in 2026 and beyond; management highlighted that the solid operational momentum, combined with strong metal prices and disciplined capital allocation through share buybacks, dividends and growth investments such as Los Reyes and expanded exploration, strengthens Torex’s financial profile and its competitive standing among mid-tier precious metals producers.
The most recent analyst rating on (TSE:TXG) stock is a Buy with a C$74.00 price target. To see the full list of analyst forecasts on Torex Gold Resources stock, see the TSE:TXG Stock Forecast page.