Canada's Torex Gold Q4 revenue rises

Torex Resources

18/02/2026 23:10

Overview

Canada gold miner's Q4 revenue rises

Record free cash flow enabled full debt repayment and capital returns

Outlook

Company expects Media Luna to reach steady-state production of 7,500 tpd by mid-2026

Company targets annual production of 420,000 to 470,000 oz AuEq through 2030

Torex plans $77 mln investment in exploration and drilling in 2026

Result Drivers

MEDIA LUNA PROJECT - Completion and ramp-up ahead of schedule contributed to strong operational performance

HIGH METAL PRICES - Record metal prices supported exceptional financial results

EXPANSION THROUGH ACQUISITIONS - Acquisitions of Prime Mining and Reyna Silver enhanced growth potential

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$465.30 mln
$431 mln (1 Analyst)
Q4 Adjusted Net Income
$167 mln
Q4 Net Income
$166.80 mln
Q4 Adjusted EBITDA
Miss
$281.50 mln
$292.50 mln (2 Analysts)
Q4 EBITDA
$260.40 mln
Q4 Free Cash Flow
$165.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "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$92.25, about 57% above its February 18 closing price of C$58.75

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

Press Release: ID:nNFC9wR9z6

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(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.)