Torex Gold Resources / TXG (TSX)

  • Starke Q2 Zahlen.


    http://Torex Gold Reports Strong Q2 2022 Financial Results


    SECOND QUARTER 2022 HIGHLIGHTS

    • Safety excellence continues: No lost time injuries in the quarter. The Company exited the quarter with a lost time injury frequency rate of zero per million hours worked on a rolling 12-month basis and surpassed 10 million hours worked without a lost time injury in June.
    • Gold production: Delivered gold production of 123,185 ounces for the quarter. Gold production is on track to meet full year production guidance of 430,000 to 470,000 ounces.
    • Gold sold: Sold 123,363 ounces of gold at an average realized gold price1 of $1,865 per ounce, contributing to revenue of $235.0 million.
    • Total cash costs1 and all-in sustaining costs1: Total cash costs of $703 per ounce sold and all-in sustaining costs of $911 per ounce sold. The Company is on track to deliver on full year total cash costs guidance of $695 to $735 per ounce as well as all-in sustaining costs guidance of $980 to $1,030 per ounce given ongoing cost management to minimize the impact of inflationary pressures.
    • Net income and adjusted net earnings1: Reported net income of $70.3 million or earnings of $0.82 per share on a basic basis and $0.80 per share on a diluted basis. Adjusted net earnings of $57.0 million or $0.66 per share on a basic basis and $0.66 per share on a diluted basis. Net income includes an unrealized derivative gain of $17.0 million related to gold price contracts entered into during Q1 2022 to reduce downside price risk during the construction of the Media Luna Project (approximately 25% of production between October 2022 to December 2023).
    • EBITDA1 and adjusted EBITDA1: Generated EBITDA of $155.9 million and adjusted EBITDA of $137.1 million.
    • Cash flow from operations: Cash flow from operations totalled $126.9 million and $120.6 million prior to changes in non-cash operating working capital. Cash flow from operations includes $18.6 million of income taxes paid and a payment of $21.5 million in relation to mandated profit sharing in Mexico for 2021.
    • Free cash flow1: Free cash flow of $74.0 million including total capital expenditures of $52.5 million.
    • Net cash1 and financial liquidity: Net cash of $306.3 million, including $310.7 million in cash and $4.4 million of lease obligations, with no debt and an undrawn $150.0 million credit facility, providing more than $460 million in available liquidity as at June 30, 2022. The Company is in the advanced stages of extending and increasing the available credit facilities with a syndicate of international banks. It is expected that these facilities will be executed in Q3 2022 and provide the Company with a total of $250 million in available credit with a maturity date in 2025
  • @Vassago , ich verstehe Dich voll und ganz, was die Risiken anbetrifft...


    hier bei Torex sind diese weitaus mehr entschärft als bei vielen anderen Mexico-Produzenten.


    Aufgrund seiner stetig hervorragenden cash-flow-Lage konnte Torex Vereinbarungen mit den mex. Gewerkschaften


    abschließen, die eine ordentliche Gewinnbeteiligung der Beschäftigten beinhalten, so daß es seitdem keinerlei Streiks/Blockaden mehr gab.
    Weiterhin investierte Torex in hohem Maße in die örtl. Infrastruktur, indem ganze Bergarbeitersiedlungen mit hohen Standards geschaffen wurden u.ä.
    Bleibt für mich eigentl. nur das Risiko der Landes-und Provinzpolitik bzgl. evtl. Verstaatlichung von Minen, die sich nicht an diese arbeitnehmerfreundl. Standards halten wollen.
    Da dürften aber die Grenzkosten-Minen (oft Silberminen) die gefährdetsten sein...


    Und was das neue Projekt Media Luna anbetrifft , schafft Torex mit seinem hohen Cash-flow-Anteil, Schuldenfreiheit,gefüllter Kriegskasse und Kreditwürdigkeit im Gegensatz zu anderen bekannten Minen , die besten Voraussetzungen zum Gelingen.
    Mit Media Luna in Produktion 2024 wird Torex den Malus als 1-Projekt-Mine mit 1 produz. Rohstoff(Gold) zumindest
    moralisch verlieren, denn Torex wird dann sein 2.Projekt erfolgreich umsetzen und neben Gold auch Silber und Kupfer fördern.


    Nachtrag : 5 Std. später 10,43 CAD...+11,2 %
    :)

    Gold’s value is not determined by world events, political turmoil, or industrial demand. The only thing that you need to know in order to understand and appreciate gold for what it is, is to know and understand what is happening to the US dollar.
    Kelsey's Gold Facts

    5 Mal editiert, zuletzt von Caldera ()

  • Torex Gold Res. meldet ca. 122Tsd.Oz Gold in Q-3 ,nach dem guten Q-2 mit 123Tsd.Oz und dem eher mäßigen Q-1


    mit 112Tsd.Oz.


    Das strip-Ratio sei zwar auf 10 gestiegen aber die AISC werden in der Mitte der erwarteten Spanne erwartet.


    Mit diesem wiederum starken Quartalsergebnis liegt man nach 3 Quartalenüber Plan und wird die angepeilte


    Oberseite der Produktionsspanne von 430-470Tsd. OZ/Jahr wohl locker erreichen.



    Torex war eine der 7 Goldminen, in die ich gestern wieder eingestiegen bin... ^^


    (eine halbe Std. nach Börseneröffnung in Toronto +4,5 %)


    [Blockierte Grafik: https://charts.comdirect.de/ch…WIDTH=645&WITH_EARNINGS=1]
    Torex Gold Reports Another Solid Quarter of Operational Results


    12:00 Uhr | GlobeNewswire
    [Blockierte Grafik: https://www.minenportal.de/bilder/minen/logos/1778.jpg]
    TORONTO, Oct. 12, 2022 - Torex Gold Resources Inc.
    (the "Company" or "Torex") (TSX: TXG) reports Q3 2022 gold production
    of 122,200 ounces for the quarter ended September 30, 2022 from its El
    Limón Guajes ("ELG") mining complex in Mexico. With 357,830 ounces
    produced through the end of the third quarter, the Company is tracking
    towards the upper end of 2022 production guidance of 430,000 to 470,000
    ounces. During the quarter, Torex sold 119,830 ounces of gold, resulting
    in year-to-date gold sales of 351,200 ounces.

    Gold’s value is not determined by world events, political turmoil, or industrial demand. The only thing that you need to know in order to understand and appreciate gold for what it is, is to know and understand what is happening to the US dollar.
    Kelsey's Gold Facts

    2 Mal editiert, zuletzt von Caldera ()

  • Wieder gute Zahlen.


    https://finance.yahoo.com/news…s-solid-q3-230000112.html


    THIRD QUARTER 2022 HIGHLIGHTS

    • Strong safety performance continues: One lost-time injury in the quarter related to a finger pinch sustained by a contractor working on the Media Luna Project. The Company exited the quarter with a lost-time injury frequency (“LTIF”) rate of 0.10 per million hours worked on a rolling 12-month basis.
    • Gold production: Produced 122,208 ounces of gold during the quarter. Gold production is tracking towards the upper end of the full year guided range of 430,000 to 470,000 ounces.
    • Gold sold: Sold 119,834 ounces of gold at an average realized gold price1 of $1,715 per ounce, contributing to revenue of $209.3 million. The realized gold price was slightly lower than the benchmark price for the quarter given a higher portion of gold produced and sold in September.
    • Total cash costs1 and all-in sustaining costs1: Total cash costs of $760 per ounce sold and all-in sustaining costs of $1,059 per ounce sold. The Company anticipates exiting the year at the high end of the guided range for total cash costs ($695 to $735 per ounce) and towards the mid-point of the guided range for all-in sustaining costs ($980 to $1,030 per ounce).
    • Net income and adjusted net earnings1: Reported net income of $43.9 million or earnings of $0.51 per share on a basic and diluted basis. Adjusted net earnings of $34.6 million or $0.40 per share on a basic and diluted basis. Net income includes an unrealized derivative gain of $20.0 million related to gold forward contracts entered into during Q1 2022 to reduce downside price risk during the construction of the Media Luna Project.
    • EBITDA1 and adjusted EBITDA1: Generated EBITDA of $127.8 million and adjusted EBITDA of $107.8 million.
    • Cash flow from operations: Cash flow from operations totalled $102.4 million and $91.3 million prior to changes in non-cash operating working capital. Cash flow from operations includes $19.2 million of income taxes paid.
    • Free cash flow1: Free cash flow of $33.5 million including total capital expenditures of $68.6 million.
    • Net cash1 and financial liquidity: Net cash of $336.1 million, including $339.2 million in cash and $3.1 million of lease obligations, with no debt and $250.0 million of credit available on undrawn facilities, providing $589 million in available liquidity.
    • Media Luna Project: Media Luna Project expenditures totalled $32.5 million during the quarter, with a remaining project spend of $812.4 million. Expenditures in the quarter were primarily focused on continued development of the Guajes Tunnel and South Portals, with development of the Guajes Tunnel reaching 2,659 metres and the South Portal Lower reaching 1,056 metres by the end of September. At the end of the quarter, physical progress on the Project was approximately 9%, with engineering, surface construction and underground development steadily progressing. Procurement activities are ramping up responsibly, with the focus being on key, long lead packages that are schedule critical. To date, lead times and costs of executed purchase orders are substantially in line with the assumptions made in the 2022 Technical Report. As a result of the lower procurement spend to date, there will be an underrun in capital expenditures on the Project for 2022, and full-year non-sustaining capital expenditure guidance for the Media Luna Project has been lowered to $120 million to $150 million.
    • Receipt of Key Media Luna Environmental Permit: Late in the third quarter, the Company received approval from Mexico’s Secretariat of Environmental and Natural Resources (“SEMARNAT”) on the key, culminating environmental permit for the Project (the “MIA Integral”), which allows for operations to begin at Media Luna
  • Ja , ein 875 Mill.$ Projekt...das sind 20% über der eigenen Marktkapitalisierung !!!


    Man vergleiche mal, wie andere Unternehmen sich mit ihren Projektfinanzierungen anstellen...


    336 Mill. stehen inform von Cash bereit , 250 Mio. über gesicherte Kreditlinie , 62 Mio. sind schon seit April ins Projekt geflossen und so werden Quartal für Quartal eigenerwirtschaftete Mittel ins Projekt gesteckt bis 2024.


    Und das alles aus eigener Kraft, ohne Aktienverwässerung !!!


    Dividenden sollte solange Niemand erwarten. Die Arbeiter werden ordentlich am Gewinn beteiligt (30 Mio. jährl. soweit ich weiß) und Infrastruktur sowie Bergarbeitersiedlungen sind dank Torex auf landes-untypisch hohem Niveau.


    Unten ein Kurzvideo zum 8,5 Megawatt Photovoltaik-Solar-Powerplant von Torex:



    https://torexgold.com/site/ass…t_-_animation_-_rev_2.mp4


    Nachtrag: [Blockierte Grafik: https://charts.comdirect.de/charts/rebrush/design_big.chart?AVGTYPE=simple&AXIS_SCALE=lin&DATA_SCALE=abs&HEIGHT=655&IND0=VOLUME&IND1=RSI&LCOLORS=5F696E&LNOTATIONS=35338114&SHOWHL=1&TIME_SPAN=6M&TO=1668103452&TYPE=ohlc&WIDTH=645&WITH_EARNINGS=1]

    Gold’s value is not determined by world events, political turmoil, or industrial demand. The only thing that you need to know in order to understand and appreciate gold for what it is, is to know and understand what is happening to the US dollar.
    Kelsey's Gold Facts

    2 Mal editiert, zuletzt von Caldera ()

  • Nun endlich mal werden die guten Quartalsabschlüsse im Kurs gewürdigt !


    Seit dem Tief Ende September steigt Torex stufenförmig an und durchbricht heute das letzte Hoch mit 12,05 CAD
    indem sie den dritten Tag hintereinander um je 5 % ansteigt !


    [Blockierte Grafik: https://charts.comdirect.de/charts/rebrush/design_big.chart?AVGTYPE=simple&AXIS_SCALE=lin&DATA_SCALE=abs&HEIGHT=655&IND0=VOLUME&IND1=RSI&LCOLORS=5F696E&LNOTATIONS=35338040&SHOWHL=1&TIME_SPAN=3M&TO=1669236309&TYPE=ohlc&WIDTH=645&WITH_EARNINGS=1]


    der RSI gewöhnt sich langsam an die Höhenluft... ^^


    ähnlich passiert dies heute auch bei Northern Star Res., nur daß sie als Aussie schon viel früher mit ihrem Anstieg begann/in EUR :
    [Blockierte Grafik: https://charts.comdirect.de/charts/rebrush/design_big.chart?AVGTYPE=simple&AXIS_SCALE=lin&DATA_SCALE=abs&HEIGHT=655&IND0=VOLUME&IND1=RSI&LCOLORS=5F696E&LNOTATIONS=26114166&SHOWHL=1&TIME_SPAN=6M&TO=1669237335&TYPE=ohlc&WIDTH=645&WITH_EARNINGS=1]

    Gold’s value is not determined by world events, political turmoil, or industrial demand. The only thing that you need to know in order to understand and appreciate gold for what it is, is to know and understand what is happening to the US dollar.
    Kelsey's Gold Facts

    Einmal editiert, zuletzt von Caldera ()

  • Und beeindruckende Bohrresultate z.B. unter der open pit El Limon Sur mit über 160 g/t AU :
    (mit Auswirkungen auf Prod.rate und LOM ab 2024 )


    https://torexgold.com/news-and…esults-from-ongoing-4850/

    Gold’s value is not determined by world events, political turmoil, or industrial demand. The only thing that you need to know in order to understand and appreciate gold for what it is, is to know and understand what is happening to the US dollar.
    Kelsey's Gold Facts

  • Ja 2023 wird das Haupt-Investitionsjahr von Torex für den Minenbau "Media-Luna" ,deshalb werden über 400 Mill.$


    ausgegeben von insgesamt 875 Mill.$.
    (2021 begannen die Investitionen und im Laufe von 2024 werden sie wieder sinken , 2025 soll ML produzieren
    zu Gold wird zusätzlich Silber und Kupfer abgebaut)


    Zu den 2023 er Vorwärtsverkäufen von 27000 OZ/Quartal zu 1924$ kommen nun 2024 noch je 27000 OZ/Qu. zu
    1939 $ hinzu ,was jeweils rund ein Viertel der Prod. ausmacht...,um die Marge wenigstens zum Teil zu sichern...,
    was ich zumindest für 2023 als verantwortungsbewußt ansehe...


    in Cad:
    [Blockierte Grafik: https://charts.comdirect.de/charts/rebrush/design_big.chart?AVGTYPE=simple&AXIS_SCALE=lin&DATA_SCALE=abs&HEIGHT=655&IND0=VOLUME&IND1=RSI&LCOLORS=5F696E&LNOTATIONS=35338040&SHOWHL=1&TIME_SPAN=6M&TO=1673975696&TYPE=ohlc&WIDTH=645&WITH_EARNINGS=1]


    Torex ist seit Ende Sept. um 130 % gestiegen ! Nun wird sie endlich wieder billiger ,will sie zu 8 CAD od. weniger wieder einkaufen !
    :)

    Gold’s value is not determined by world events, political turmoil, or industrial demand. The only thing that you need to know in order to understand and appreciate gold for what it is, is to know and understand what is happening to the US dollar.
    Kelsey's Gold Facts

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