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

Torex Resources

05/11/2025 23:12

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

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$416.40 mln
Q3 Adjusted Net Income
$103.40 mln
Q3 Net Income
$114.40 mln
Q3 Adjusted EBITDA
Miss
$239.30 mln
$281 mln (1 Analyst)
Q3 EBITDA
$235.30 mln
Q3 Free Cash Flow
$112.50 mln


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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(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.)