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

Zitat von Vassago

Unsicherheiten sind mir trotz der guten Zahlen zu groß für einen Einstieg.

Gib mir bescheid, wenn Du mal in eine Aktie investierst, denn dann ist das die "eierlegende Wollmilchsau"

Ich hoffe darauf, dass der Markt die Zahlen heute ordentlich honoriert.

LG Martin

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

Zitat von Vassago

mit verbleibenden Projektausgaben von 812,4 Millionen US-Dollar

Diese Kosten bremsen halt auch den Kurs. Den NPV habe ich mir jetzt nicht angesehen, aber das ist schon viel Geld die investiert werden muss bevor Gold rauskommt.

Ziemlich still hier.
Innerhalb eines Monates +50% Kurszuwachs. . Lange hat es gedauert. Endlich werden die tollen operativen Ergebnisse honoriert. Die Aktie gehört damit sicher zu den Highflyern im Goldaktiensegment in letzter Zeit.

Grüße
Martin

TOREX öffnet heute mit -10%. Kennt jemand konkrete Gründe oder geht es "nur" um Gewinnmitnahmen?