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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
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
Daniel J. T. Rollins
Senior Vice President - Corporate Development and Investor Relations
Anne E. Stephen
Vice President - Human Resources and Organization Effectiveness
Raul Guerra
Vice President - Exploration
Angela M. Robson
Vice President - Corporate Affairs and Social Responsibility
Faysal A. Rodriguez Valenzuela
Vice President - Mexico
Mary D. Batoff
General Counsel, Corporate Secretary
Business Overview
Torex Gold Resources Inc. is an intermediate gold producing company in Canada, which is engaged in mining, developing and exploring 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 2022, Torex Gold Resources Inc revenues increased 1% to $868.5M. Net income increased 24% to $188.8M. Revenues reflect Gold bullion segment increase of 1% to $850.5M, By-products segment increase of 23% to $18M. Net income benefited from Impairment loss decrease from $41.2M (expense) to $0K, Interest Income increase from $2.8M to $9.8M (income).
Employees: 1,066 as of Dec 31, 2021
Reporting Currency: U.S. Dollars
Enterprise value: $1,235M as of Dec 31, 2022
Annual revenue (TTM): $1,192M as of Dec 31, 2022
EBITDA (TTM): $682.09M as of Dec 31, 2022
Net annual income (TTM): $259.17M as of Dec 31, 2022
Free cash flow (TTM): $179.14M as of Dec 31, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 85,876,599 as of Feb 24, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization