Torex Gold posts ‘extraordinary’ Q3

Torex Gold posts ‘extraordinary’ Q3

Torex Gold’s El-Limon Guajes. (Credit: Torex Gold) The company posted record net earnings of $60.3 million ($51.3 million adjusted) on revenues of $256.5 million. That compares to $17.1 million in net income on revenues of $198.2 in last year’s third quarter.

“Q3 was simply extraordinary — a record-breaking quarter across many facets of the business,” said Torex president and CEO Jody Kuzenko in a release.

“Gold sales of 133,036 ounces were the highest in our history, as was the realized gold price of $1,884 per ounce. The record realized margin of $1,250 per ounce generated during the quarter underpins our best quarterly financial performance ever, including $163 million of EBITDA, $173 million of operating cash flow ($138 million before changes in working capital) and US$124 million of free cash flow.”

The company ended the quarter with a net cash position for first time since beginning commercial production at El Limon Guajes in […]

About the author: StockMan
Tell us something about yourself.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet