Torex Gold Resources / TXG (TSX)

    Zitat von Taylor Dart


    Summary


    • Torex released its preliminary Q2 results last week, reporting quarterly gold production of ~118,100 ounces, and gold sales of ~111,000 ounces at $1,815/oz.
    • Notably, underground mining rates continue to improve at El-Limon Guajes, with the company's Q2 mining rate coming in at 1,420 tonnes per day, a first for the company.
    • Based on H1 gold production of ~247,600 ounces, Torex is on track to trounce its guidance mid-point, yet trades at one of the lowest valuations in the sector.
    • With Torex sitting at a ~28% free cash flow yield based on estimated trailing-twelve-month free cash flow of ~$220 million, I continue to see this share-price weakness as a low-risk buying opportunity.

    https://seekingalpha.com/amp/a…igit-free-cash-flow-yield

    Torex Gold Reports Second Quarter Results and Provides Strategic Update


    Jody Kuzenko, President & CEO of Torex, stated:
    “Following the excellent performance through the first half of the year, we are well on track to deliver on full year production and cost guidance. The solid operational performance delivered by our team resulted in another strong financial quarter for Torex, with adjusted EBITDA of $122.1 million and adjusted net earnings of $47.4 million. The Company generated $82.4 million in operating cash flow and $21.9 million in free cash flow, even after accounting for the payment of $30 million related to government mandated profit-sharing (“PTU”) accrued during 2020. As a result, cash increased to $196.0 million from $172.0 million the prior quarter. Current total liquidity of over $345 million is expected to improve further in 2021 as the second half of the year is typically a seasonally stronger period for cash flow than the first half.


    https://www.globenewswire.com/…des-Strategic-Update.html

    Torex Gold Reports Q3 2021 Production Results


    October 7, 2021
    https://torexgold.com/news-and…-production-results-3620/


    ...Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) reports gold production of 111,220 ounces for the quarter ended September 30, 2021 from its El Limón Guajes (“ELG”) mining complex in Mexico. Gold sold during the quarter was 118,980 ounces at an average realized gold price of $1,785 per ounce. With 358,780 ounces of gold produced through to the end of the third quarter, production is well on track to be toward the upper end of the 2021 guided range of 430,000 to 470,000 ounces....

    Hhmm... :hae: das reißt mich nicht vom Hocker, ca.110-Tsd. im 3.Qu.,nach rund 120 Tsd.OZ im 2.Qu. und rund 130 Tsd. im 1.Qu. also jedesmal 10000 OZ weniger ?
    Das bin ich nicht gewohnt von Torex...
    Na um das Jahresziel von 440-470 Tsd.OZ zu erreichen, reicht das ... das sieht für mich nach Haushalten mit den Vorräten aus.
    Einzig das Stripratio mit 5 ist eine posit. Entwicklung.
    Dabei hätten sie gewinntechnisch absolute Rekorde aufstellen können , weil die größeren Belastungen ab 2. HJ wegfallen !
    Werde wohl meine jetzige Position dann erstmal nicht weiter ausbauen...es sei denn billiger...


    :)

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    Torex Gold Reports Q3 2021 Financial Results


    November 3, 2021
    https://torexgold.com/news-and…1-financial-results-3658/


    THIRD QUARTER 2021 HIGHLIGHTS


    • Safety performance: No lost time injuries during the quarter; exited the quarter with a LTIF of 0.26 per 1 million hours worked and a TRIF of 2.44 per 1 million hours worked, both on a rolling 12-month basis.
    • COVID-19 update: To promote vaccination within the workforce, the Company has partnered with local health agencies; by quarter-end 70% of the workforce was partially vaccinated, and 30% fully vaccinated.
    • Gold production: Produced 111,229 ounces of gold (YTD - 358,792 ounces).
    • Gold sold: Sold 118,989 ounces of gold (YTD – 359,432 ounces) at an average realized price of $1,786 per ounce (YTD - $1,792 per ounce).
    • Total cash costs 1 and all-in sustaining costs 1 : Total cash cost of $727 per ounce sold (YTD - $646 per ounce) and all-in sustaining cost of $900 per ounce (YTD - $883 per ounce). All-in sustaining margin 1 of $886 per ounce (YTD - $909 per ounce), implying a margin of 49% relative to the realized gold price (YTD – 50%).
    • Net earnings and adjusted net earnings 1 : Reported net earnings of $36.5 million (YTD - $152.2 million) or $0.43 per share (YTD - $1.78 per share) on a basic basis and $0.41 per share (YTD - $1.72 per share) on a diluted basis. Adjusted net earnings of $42.9 million (YTD - $147.6 million), or $0.50 per share on both a basic and diluted basis (YTD - $1.72 per share on both a basic and diluted basis).
    • EBITDA 1 and adjusted EBITDA 1 : Generated EBITDA of $119.7 million (YTD - $399.3 million) and adjusted EBITDA of $119.3 million (YTD - $386.3 million).
    • Cash flow from operations: Cash flow from operations for the quarter totalled $87.8 million (YTD - $235.4 million) and $100.2 million prior to changes in non-cash working capital (YTD - $277.8 million), including income taxes paid of $19.7 million (YTD - $110.2 million).
    • Free cash flow 1 : Generated $29.4 million (YTD - $60.6 million) in free cash flow which includes an outflow of $12.4 million related to changes in non-cash working capital (YTD – outflow of $42.4 million).
    • Net cash 1 : Net cash of $217.8 million including $221.6 million in cash and $3.8 million of lease obligations.
    • Capitalized waste guidance revised downwards: Given the lower amount of waste mined during Q3 due to a rock fall incident at the El Limón pit and shutdown of the rope conveyor to carry out necessary maintenance, capitalized waste guidance has been lowered from $55 to $60 million to $45 to $50 million (original guidance of $40 to $45 million). All other elements of the Company’s 2021 operational guidance remain unchanged.
    • Technical Report remains on track: The Company’s Technical Report remains on track for release in the first quarter of 2022. The Technical Report will include updated mine plans for the ELG open pits and underground as well as the Media Luna Feasibility Study.
    • Timing of 2022 operational guidance: Torex plans to release 2022 operational guidance for ELG early next year. ELG guidance will include gold production, total cash costs, all-in sustaining costs, as well as non-sustaining and sustaining capital expenditures. Non-sustaining capital expenditure guidance specific to Media Luna will be provided when the Company releases an updated Technical Report later in Q1 2022.
    • Completion of World Gold Council Year 1 Responsible Gold Mining Principles (RGMP) Requirements: On October 29, the Company released its Year 1 RGMP Implementation Progress Report, with accompanying limited assurance from KPMG LLP, fulfilling the Year 1 requirements as set out by the World Gold Council.

    Torex Gold Reports Results From the 2021 Drill Program at ELG Underground



    December 14, 2021
    https://torexgold.com/news-and…-the-2021-drill-pro-3861/


    TABLE 1: HIGHLIGHTS FROM 2021 ELG UNDERGROUND DRILL PROGRAM


    Drill-Hole Deposit
    (purpose)     		From
    (m)     		To
    (m)     		Core Length
    (m)     		Au
    (g/t)     		Ag
    (g/t)     		Cu
    (%)
    LDUG-149ELD (infill)36.070.034.015.0414.70.66
    LDUG-152ELD (infill)40.262.722.521.5212.70.53
    LDUG-148ELD (infill)33.076.543.59.654.40.18
    LDUG-164ELD (infill)52.080.928.913.5316.20.86
    LDUG-166ELD (infill)91.0132.041.08.924.00.21
    LDUG-139ELD (infill)133.4158.525.19.2119.40.40
    LDUG-165ELD (infill)126.0154.728.76.956.20.27
    LDUG-126ELD (infill)40.544.03.556.259.40.18
    LDUG-146ELD (infill)28.054.426.47.024.40.16
    LDUG-159ELD (infill)29.247.017.810.101.70.12
    LDUG-153ELD (infill)70.378.07.719.794.80.52
    SST-244Sub-Sill (infill)275.2300.024.85.721.60.16
    SST-216Sub-Sill (infill)190.0194.04.030.022.80.00
    SST-232Sub-Sill (step-out)75.286.511.310.21156.21.82
    SST-226Sub-Sill (infill)328.5336.37.810.7110.70.44

    Torex ist auf diesem Kurslevel alles andere als teuer. Bisher hat mir die Aktie aber keinen Gefallen getan. Ich probier es wieder mit einem Neueinstieg. Zumindest eine Bärenmarktrallye ist mehr als überfällig. Vielleicht nach dem FOMC Meeting am Mittwoch oder den GDP Daten am Donnerstag.




    Ein paar Neuigkeiten zu Torex:



    Interview with Jody Kuzenko, President & CEO of Torex Gold Resources (TSX: TXG)


    https://www.youtube.com/watch?v=xx4PdHHUfVQ




    Taylor Dart´s Ansichten


    https://seekingalpha.com/artic…other-solid-quarter-in-q2


    • Torex Gold released its preliminary Q2 results last week, reporting quarterly production of ~123,200 ounces, pushing year-to-date production to ~235,600 ounces.
    • This year-to-date figure is tracking very well against its guidance mid-point of 450,000 ounces, setting the company up for a potential beat despite COVID-19 headwinds.
    • Meanwhile, development rates have improved in June, leaving the project on track to meet its schedule of stockpiling Media Luna ore at ELG in early 2024.
    • At less than 0.50x P/NAV, Torex Gold is dirt cheap, and for investors with a high risk tolerance (single-asset producer in Tier-2 jurisdiction), this pullback has left the stock at its most attractive levels in years.


    Grüße
    Martin

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