Business
Torex Gold Resources Reports Q2 2025 Production Results
Production ramping up to steady state following declaration of commercial production (All amounts expressed in U.S. dollars unless otherwise stated) Toronto, On
About this update from Torex Gold Resources Inc.
[{"type":"text","content":" Production ramping up to steady state following declaration of commercial production (All amounts expressed in U.S. dollars unless otherwise stated) Toronto, Ontario--(Newsfile Corp. - July 10, 2025) - Torex Gold Resources Inc. (the \"Company\" or \"Torex\") (TSX: TXG) reports Q2 2025 gold equivalent (\"AuEq\") payable production of 82,856 ounces (\"oz\") and AuEq sold of 76,922 oz. Year-to-date, payable production has totaled 142,486 oz AuEq based on average market prices (145,343 oz AuEq at guidance metal prices of $2,500/oz gold, $28/oz silver, and $4.30/lb copper). As a result, the Company is now targeting to achieve the low end of annual payable production guidance of 400,000 to 450,000 oz AuEq at guidance metal prices. TABLE 1: PRELIMINARY SECOND QUARTER 2025 OPERATIONAL RESULTS1 ELGOpen Pit ELGUnderground Media LunaUnderground MorelosComplex Ore tonnes mined per day 2,133 tpd 2,790 tpd 4,278 tpd - Waste tonnes mined per day 9,313 tpd - - - Ore processed per day - - - 8,887 tpd Au Ag Cu AuEq1 Grade processed 2.92 gpt 20.46 gpt 0.54% - Recovery 93.5% 63.0% 84.4% - Produced (before payable deductions) 69,576 oz 336.5 koz 8.0 mlb - Produced (after payable deductions) 68,955 oz 307.4 koz 7.7 mlb 82,856 oz Sold 63,493 oz 291.3 koz 7.4 mlb 76,922 oz Notes: 1) Operational results are preliminary in nature and subject to final reconciliation.2) AuEq produced (after payable deductions) and AuEq sold are based on average market prices during Q2 2025 for gold (\"Au\"), silver (\"Ag\"), and copper (\"Cu\"). Financial and operational results for Q2 2025 will be released after market close on Wednesday, August 6, 2025. Jody Kuzenko, President & CEO of Torex, stated: \"As expected, Q2 was anything but a typical quarter for Torex as we ramped up operations following the restart of our processing operations in late March and declared commercial production at Media Luna on May 1st. In June, with operations hitting their stride, we officially returned to positive free cash flow in the month, paving the way for expected positive free cash flow at Morelos for the third quarter and consistently thereafter. \"Importantly, amid all the activity associated with the ramp up, there were no lost-time injuries in the quarter as we continued to implement our Next Level Safety program and reset the bar on safety leadership. \"The firs...