Business
Torex Gold Reports Q3 2025 Results
Excellent operational results drive return to strong quarterly free cash flow, demonstrating the ...
About this update from Torex Gold Resources Inc.
[{"type":"text","content":"Torex Gold Reports Q3 2025 ResultsExcellent operational results drive return to strong quarterly free cash flow, demonstrating the forward value-generating potential of Morelos(All amounts expressed in U.S. dollars unless otherwise stated)Toronto, Ontario--(Newsfile Corp. - November 5, 2025) - Torex Gold Resources Inc. (the \"Company\" or \"Torex\") (TSX: TXG) (OTCQX: TORXF) reports the Company's financial and operational results for the three and nine months ended September 30, 2025. Torex will host a conference call tomorrow morning at 9:00 AM (ET) to discuss the results. Jody Kuzenko, President & CEO of Torex, stated:\"The third quarter marked a key turning point for Morelos as we returned to steady-state production levels following the completion of our Media Luna Project and pivoted back to positive free cash flow1. The $113 million generated in free cash flow, supported by excellent operational performance, resulted in an all-in sustaining costs margin1 in excess of 50%. These results demonstrate the forward potential of Morelos, which will be further bolstered by the continued ramp-up of Media Luna, first production from EPO by late 2026, and continued drill-bit success across the whole property. \"The inflection point back to free cash flow, combined with the ramp up success and operational stability we have achieved, supported our decision to announce our initial return of capital policy - marked by an inaugural quarterly dividend C$0.15 per share as well as a plan to execute on share buybacks opportunistically, with C$10 million of shares already repurchased during the quarter. \"With strong operational momentum and payable quarterly production of 119,034 gold equivalent ounces (\"oz AuEq\") at market prices this quarter, we are on pace to achieve the low end of our guided production range of 400,000 to 450,000 oz AuEq at guidance metal prices. Work is ongoing to optimize costs and drive efficiencies to further improve our all-in sustaining cost1 profile as the Media Luna mine continues to ramp up, putting us on plan to deliver on our full-year guided range of $1,400 to $1,600 per ounce sold at guided metal prices. \"As we finish off what can only be described as a pivotal year for Torex, we are well set up for a standout close to 2025 and an exceptional 2026 where we'll see the benefit of a full year of production...