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Torex Gold Resources Inc (TXG.TO)

TXG.TO on Toronto Stock Exchange

12.60CAD
11 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Torex Q3 net loss totalled $0.02 per share​
Thursday, 9 Nov 2017 06:00am EST 

Nov 9 (Reuters) - Torex Gold Resources Inc :Torex reports third quarter 2017 financial and operational results.Qtrly ‍mine production in quarter, 8,686 kt, averaged 94,413 tpd, an increase of 4% over prior quarter​.Qtrly net loss totalled $0.02 per share​.Torex Gold Resources - ‍discussions are underway with Federal Police (Gendarmerie) to provide security personnel to ELG mine site in Mexico​.Says ‍revenue totalled $100.5 million and cost of sales totalled $83.4 million, or $1,066 per ounce of gold sold for quarter​.Torex Gold Resources Inc - ‍expect ELG mine site blockade to be resolved in "near term​".Q3 earnings per share view $0.18, revenue view $109.5 million -- Thomson Reuters I/B/E/S.Torex Gold Resources Inc - ‍with recent ELG site blockade, company is expecting to produce less than 300,000 ounces of gold for 2017​.  Full Article

Torex reports Q3 gold production totalled 67,337 ounces
Thursday, 9 Nov 2017 06:00am EST 

Nov 9 (Reuters) - Torex Gold Resources Inc : :Torex reports third quarter 2017 financial and operational results.Torex Gold Resources Inc - ‍ plant throughput in quarter, 1,152 kt, averaged 12,522 tpd, or 89% of design capacity of 14,000 tpd in quarter​.Torex Gold Resources Inc - ‍ gold produced totalled 67,337 ounces for quarter and 212,711 ounces for nine months ended september 30, 2017.​.Torex Gold Resources Inc - ‍ adjusted net loss totalled $1.0 million, or $0.01 per share on a basic and diluted basis for quarter​.Torex Gold Resources Inc qtrly ‍ revenue totalled $100.5 million and cost of sales totalled $83.4 million, or $1,066 per ounce of gold sold for quarter​.Torex Gold Resources Inc qtrly ‍ net loss totalled $1.6 million, or $0.02 per share, on a basic and diluted basis​.Q3 revenue view $109.5 million -- Thomson Reuters I/B/E/S.  Full Article

Torex Gold Resources says group of about 20 local unionized workers "blockaded main gate to ELG mine"
Monday, 6 Nov 2017 06:00am EST 

Nov 6 (Reuters) - Torex Gold Resources Inc :Torex Gold Resources Inc says on Nov 03, group of about 20 local unionized workers "blockaded main gate to ELG mine".Torex Gold Resources Inc - "‍without a workforce, company shutdown the processing plant" at ELG mine.  Full Article

Torex reports Q2 earnings per share $0.06
Thursday, 10 Aug 2017 06:00am EDT 

Aug 10 (Reuters) - Torex Gold Resources Inc ::Torex reports second quarter 2017 financial and operational results.Q2 earnings per share $0.06.Q2 adjusted earnings per share $0.01.Q2 earnings per share view $0.16 -- Thomson Reuters I/B/E/S.Gold sold for quarter totalled 68,398 ounces sold.Qtrly all-in sustaining costs of $991 per ounce of gold.  Full Article

Torex completes US$400 mln facility to refinance project debt
Wednesday, 26 Jul 2017 06:00am EDT 

July 26 (Reuters) - Torex Gold Resources Inc :Torex Gold Resources - unit has signed an amended and restated credit agreement with BNP Paribas, Commonwealth Bank Of Australia, other bookrunners.Torex Gold Resources - ‍following a successful syndication, BMO Harris Bank N.A. and bank of Nova Scotia joined banks as lenders under loan facility​.Torex Gold Resources Inc - ‍loan facility is comprised of a us$300 million term loan and a us$100 million revolving loan facility​.Torex Gold Resources - loan facility bears interest at rate of libor + 4% for first 2 years, libor + 4.25% for years 3 and 4, and libor + 4.5% thereafter.Torex Gold Resources Inc - ‍revolving facility and term facility will mature June 30, 2020 and June 30, 2022, respectively​.Torex Gold Resources - ‍first scheduled repayment of term facility is March 31, 2018, and repayments continue in quarterly installments until maturity​.  Full Article

Torex announces amendment to shareholder rights plan
Monday, 12 Jun 2017 06:00am EDT 

June 12 (Reuters) - Torex Gold Resources Inc ::Torex announces amendment to shareholder rights plan.Torex Gold Resources Inc - amendment made in response to comments from ISS proxy advisory services, a branch of Institutional Shareholder Services Inc.Torex Gold Resources Inc - has amended certain terms of proposed amended and restated shareholder rights plan agreement.Torex Gold Resources - plan was to be presented for approval at annual, special meeting of shareholders of Torex scheduled to be held on June 21, 2017.  Full Article

Torex executes commitment letter for a US$400 mln facility to refinance project debt
Thursday, 1 Jun 2017 06:00am EDT 

June 1 (Reuters) - Torex Gold Resources Inc ::Torex executes a commitment letter for a us$400 million facility to refinance project debt.Torex Gold Resources - upon execution of definitive documents, loan facility will be available by way of $300 million term loan and $100 million revolving loan facility.Torex Gold Resources Inc - ‍revolving facility and term facility will mature June 30, 2020 and June 30, 2022, respectively​.Torex Gold Resources Inc - ‍loan facility will remove various covenants and restrictions imposed under project finance facility​.Torex Gold Resources - loan facility will be used to refinance project finance related to construction of El Limon-Guajes mine.  Full Article

Torex Gold reports a fatal accident
Thursday, 25 May 2017 06:00am EDT 

May 25 (Reuters) - Torex Gold Resources Inc ::Torex Gold reports a fatal accident.Torex Gold Resources Inc - an internal investigation is underway to determine cause of accident.Torex Gold Resources - on afternoon of may 23rd fatal accident occurred at construction site for sediment control structure associated with El Limon Sur pit.Torex Gold Resources - Jorge Joel Roman Mendoza, employee of construction contractor Construccion De Caminos Y Proyectos Interestatales, S.A. De C.V., fatally injured.Torex Gold Resources Inc - appropriate authorities were immediately notified and have inspected and released site.Torex Gold Resources Inc - open pit mining inspections were successfully completed within 24 hours and mining activities were restarted.Torex Gold Resources Inc - construction site remains closed pending completion of inspections and key aspects of investigation.  Full Article

Torex Gold qtrly adjusted earnings per share $0.07
Wednesday, 3 May 2017 06:00am EDT 

May 3 (Reuters) - Torex Gold Resources Inc :Torex reports first quarter 2017 financial and operational results.Q1 earnings per share $0.11.Qtrly adjusted earnings per share $0.07.Qtrly revenue totalled $87.0 million.Gold sold in q1 of 2017 totalled 70,747 ounces for total proceeds of $86.3 million..  Full Article

Torex reports Q1 earnings per share $0.11
Wednesday, 3 May 2017 06:00am EDT 

May 3 (Reuters) - Torex Gold Resources Inc -:Torex reports first quarter 2017 financial and operational results.Qtrly production of 70,887 ounces of gold.Torex Gold Resources Inc qtrly earnings per share $0.11.Torex Gold Resources Inc qtrly adjusted earnings per share $0.07.Torex Gold Resources Inc qtrly revenue totalled $87.0 million versus $85.7 million -- Thomson Reuters I/B/E/S.  Full Article

Canada's Torex says two men killed at Mexico mine were not employees

MEXICO CITY, Nov 22 Two men shot dead near a gold mine owned by Canada's Torex Gold Resources Inc in Mexico were not its employees or contractors, the company said on Wednesday, after the killings were cited by unions as an example of poor labor conditions.