Torex Gold ( (TORXF) ) has released its Q4 earnings. Here is a breakdown of the information Torex Gold presented to its investors.
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Torex Gold Resources Inc. is a Canadian intermediate gold producer operating in the Guerrero Gold Belt, southwest of Mexico City, focusing on exploration, development, and mining operations.
In 2024, Torex Gold achieved strong financial and operational results, meeting its annual gold production guidance for the sixth consecutive year with over 452,000 ounces produced. The company set a new record for annual revenue exceeding $1.1 billion, driven by a high average realized gold price and excellent operational performance.
Key financial highlights include a record adjusted EBITDA of over $540 million and maintaining a robust all-in sustaining cost margin of 49%. Torex’s ongoing projects, such as the Media Luna Project, saw significant progress, positioning the company well for future growth with expected commercial production soon.
Looking ahead, Torex Gold’s management remains optimistic about its strategic initiatives, including expanded exploration and development activities, as well as returning capital to shareholders, indicating continued growth and prosperity for the company in 2025.
