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Torex Gold Provides 2025 Operational Guidance and Updated Five-Year Production Outlook
On track to return to positive free cash flow mid-year as Media Luna ramps up (All amounts expre...
About this update from Torex Gold Resources Inc.
[{"type":"text","content":"Torex Gold Provides 2025 Operational Guidance and Updated Five-Year Production OutlookOn track to return to positive free cash flow mid-year as Media Luna ramps up(All amounts expressed in U.S. dollars unless otherwise stated)Toronto, Ontario--(Newsfile Corp. - January 14, 2025) - Torex Gold Resources Inc. (the \"Company\" or \"Torex\") (TSX: TXG) provides 2025 operational guidance as well as an updated five-year production outlook for the Morelos Complex. Full-year guidance assumes a four-week shutdown of the processing plant during the first quarter to carry out upgrades and tie-ins required to complete the Media Luna Project.TABLE 1: 2025 OPERATIONAL GUIDANCE2025 Guidance2024 Guidance1Gold Equivalent2,3 Payable production2AuEq koz400 to 450460 to 480 All-in sustaining costs (AISC)3,4a$/oz AuEq sold$1,400 to $1,600$1,130 to $1,190Capital Expenditures Sustaining capital expenditures4b,5M$$85 to $95$55 to $65Non-sustaining capital expenditures4c,5M$$90 to $100$440 to $465 Total capital expendituresM$$175 to $195$495 to $530 1) 2024 production guidance was revised upwards in October. For more information, see the press release dated October 30, 2024, titled Torex Gold Provides Q3 2024 Update on Media Luna Project and Increases 2024 Production Guidance. 2024 non-sustaining capital expenditure guidance was revised in July. For more information, see the press release dated July 29, 2024, titled Torex Gold Provides Q2 2024 Update on Media Luna Project. Both releases can be found on the Company's website, www.torexgold.com.2) Gold equivalent (\"AuEq\") production includes gold (\"Au\") and AuEq values for silver (\"Ag\") and copper (\"Cu\") sold using the market prices summarized in footnote 3 (payable production by metal are provided in Table 2).3) 2025 guidance assumes average market prices of $2,500/oz Au, $28/oz Ag, and $4.30/lb Cu as well as a Mexican peso (\"MXN\") to U.S. dollar (\"USD\") of 20:1 (key sensitivities to changes in Au, Cu, and MXN:USD are provided in Table 5).4) These measures are non-GAAP financial measures. Refer to \"Non-GAAP Financial Performance Measures\" in the Company's September 30, 2024 MD&A for further information and a detailed reconciliation. See also the Cautionary Notes to this press release.     a) All-in sustaining costs (AuEq) in 2024 have averaged $1,205 per ounce AuEq so...