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Torex Gold Resources ( (TSE:TXG) ) has provided an update.
Torex Gold Resources reported strong financial and operational results for 2024, achieving record revenue of over $1.1 billion and gold production exceeding 452,000 ounces. The company is on track to generate positive free cash flow by mid-2025, supported by its Media Luna Project. Despite these successes, the year was marked by a tragic incident resulting in the loss of three lives, prompting a renewed focus on safety. Torex aims to enhance its safety standards and is expanding exploration and drilling activities, positioning itself for continued growth.
More about Torex Gold Resources
Torex Gold Resources Inc. is a company operating in the mining industry, primarily focused on gold production. The company is known for its operations at the Morelos property and is engaged in the development of the Media Luna Project, which includes the production of copper concentrate.
YTD Price Performance: 18.70%
Average Trading Volume: 38,268
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.08B
For an in-depth examination of TXG stock, go to TipRanks’ Stock Analysis page.
