Canada's Torex Gold Q1 revenue rises on pricing strength
Overview
Canada gold miner's Q1 revenue rose to record levels
Adjusted EBITDA reached record highs, driven by strong gold prices and production
Company returned $121.2 mln to shareholders via dividends and share buybacks in Q1
Outlook
Torex Gold expects 2026 gold equivalent production of 420,000 to 470,000 oz AuEq
Company sees Q2 production at similar levels to Q1, with increases in H2 2026
All-in sustaining costs expected to improve with higher production, subject to metal prices and peso strength
Result Drivers
HIGHER METAL PRICES - Strong gold, silver, and copper prices contributed to record revenue and profitability
COST IMPACTS - Higher royalties, profit sharing, and land access costs reflected increased metal prices and the strength of the Mexican peso
Company press release: ID:nNFC5vT5wY
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Slight Beat* | $539.3 mln | $539 mln (1 Analyst) |
Q1 Adjusted Net Income |
| $199.7 mln |
|
Q1 Net Income |
| $207.5 mln |
|
Q1 Adjusted EBITDA |
| $358.6 mln |
|
Q1 EBITDA |
| $358.1 mln |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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