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Torex Gold Resources Inc. (T:TXG)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
Company Contact
Address: 130 King Street West, Suite 740
Tel: 1-647-2601503
IR: See website
Key People
Jody Lynne Mary Kuzenko
President, Chief Executive Officer, Director
Andrew P. Snowden
Chief Financial Officer
David Stefanuto
Executive Vice President - Technical Services and Capital Projects
Angela M. Robson
Senior Vice President of Human Resources, ESG and Communications
Daniel J. T. Rollins
Senior Vice President - Corporate Development and Investor Relations
Faysal A. Rodriguez Valenzuela
Senior Vice President, Mexico
Raul Guerra
Vice President - Exploration
Mary D. Batoff
General Counsel, Corporate Secretary
Business Overview
Torex Gold Resources Inc. is a Canada-based intermediate gold producing company, which is engaged in exploration, development, and operation of its Morelos Gold Property. The Morelos Gold property covers an area of approximately 29,000 hectares in the prospective Guerrero Gold Belt located 180 kilometers southwest of Mexico City. The Company's principal assets are the El Limon Guajes mining complex (ELG or the ELG Mine Complex), comprising the El Limon, Guajes and El Limon Sur open pits. The Company also hosts the Media Luna deposit, which is an advanced stage development project located approximately seven kilometers from ELG. The Company's El Limon Guajes underground mine includes Sub-Sill and El Limon Deep, and processing plant and related infrastructure, and the Media Luna deposit.
Financial Overview
For the fiscal year ended 31 December 2023, Torex Gold Resources Inc revenues increased 2% to $882.6M. Net income applicable to common stockholders increased 7% to $202.6M. Revenues reflect Gold bullion segment increase of 2% to $869.9M. Net income benefited from Interest Income increase of 41% to $13.8M (income), Exploration and evaluation expenses decrease of 17% to $7.1M (expense).
Employees: 1,151 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $1,002M as of Dec 31, 2023
Annual revenue (TTM): $1,198M as of Dec 31, 2023
EBITDA (TTM): $615.13M as of Dec 31, 2023
Net annual income (TTM): $270.84M as of Dec 31, 2023
Free cash flow (TTM): -$242.60M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 85,885,453 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization