Canadian gold miner Torex Gold's Q3 revenue, net income rise

Overview

• Torex Gold Q3 revenue rises to $416.4 mln, net income soars to $114.4 mln

• Adjusted EBITDA rises 57%, but misses analysts' expectations

• Company announces inaugural dividend and share repurchases

Outlook

• Torex expects 2025 production at low end of 400,000-450,000 oz AuEq range

• Company anticipates 2025 all-in sustaining costs at upper end of $1,400-$1,600/oz

Result Drivers

• MEDIA LUNA COMPLETION - Return to steady-state production levels after Media Luna Project completion drove positive free cash flow

• HIGH GOLD PRICES - Higher gold market prices impacted costs and margins

• OPERATIONAL PERFORMANCE - Operational performance helped free cash flow generation

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the gold peer group is "buy"

• Wall Street's median 12-month price target for Torex Gold Resources Inc is C$77.00, about 25.9% above its November 5 closing price of C$57.05

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nNFC3rQYjp

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