Canada's Torex Gold Q1 revenue rises on pricing strength

Torex Resources

06/05/2026 23:10

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.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)