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Torex Gold Resources Inc. (T:TXG)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 145 KING STREET, SUITE 1502
Tel: 1-647-2601503
IR: See website
Key People
Richard Allen Howes
Chairman of the Board
Faysal A. Rodriguez Valenzuela
Vice President - Mexico
Jody Lynne Mary Kuzenko
President, Chief Executive Officer, Director
Andrew Snowden
Chief Financial Officer
Anne E. Stephen
Vice President - Human Resources and Organization Effectiveness
Daniel J. T. Rollins
Vice President - Corporate Development and Investor Relations
Jonathan Gilligan
Vice President - Automated Mine Design
H. Bernard Loyer
Vice President - Projects
E. Barry Murphy
Vice President - Engineering
Angela M. Robson
Vice President - Corporate Affairs and Social Responsibility
Business Overview
Torex Gold Resources Inc. is a Canada-based gold resource company. The Company is engaged in the exploration, development and operation of the Morelos Gold property. The Morelos Gold Property is located in the prolific Guerrero Gold Belt in southern Mexico and consists of approximately seven mineral concessions covering a total area of over 29,000 hectares. The Company's principal assets are the El Limon Guajes (ELG) mine (the ELG Mine) and the Media Luna project (the Media Luna Project). The ELG Mine is an open pit operation with two main pits (the El Limon and Guajes pits). The Company's Media Luna Project is an early stage development project.
Financial Overview
For the six months ended 30 June 2021, Torex GoldResources Inc revenues increased 55% to $437.1M. Net incometotaled $115.7M vs. loss of $43.2M. Revenues reflect anincrease in demand for the Company's products and servicesdue to favorable market conditions. Net Income reflectsFinance costs, excluding lease liabiliti decrease of 86% to$1.1M (expense), Foreign exchange (gain) loss increase from$1.5M (expense) to $2.8M (income).
Employees: 964 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $1,035M as of Jun 30, 2021
Annual revenue (TTM): $1,164M as of Jun 30, 2021
EBITDA (TTM): $779.42M as of Jun 30, 2021
Net annual income (TTM): $330.03M as of Jun 30, 2021
Free cash flow (TTM): $311.18M as of Jun 30, 2021
Net Debt Last Fiscal Year: N/A
Shares outstanding: 85,749,183 as of Aug 30, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization