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Torex Gold Resources Inc (TXG.TO)

TXG.TO on Toronto Stock Exchange

13.04CAD
23 Apr 2018
Change (% chg)

$0.15 (+1.16%)
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Latest Key Developments (Source: Significant Developments)

Los Mineros Union Withdraws Application To Represent ELG Mine Complex Employees
Wednesday, 11 Apr 2018 06:00am EDT 

April 11 (Reuters) - Torex Gold Resources Inc ::LOS MINEROS UNION WITHDRAWS ITS APPLICATION TO REPRESENT ELG MINE COMPLEX EMPLOYEES.ELIGIBLE ELG MINE COMPLEX EMPLOYEES.  Full Article

Torex Gold Resources ‍Negotiations Between Community Leaders Have Resulted In An End To Blockades Of Co's ELG Mine Complex​
Friday, 6 Apr 2018 06:00am EDT 

April 6 (Reuters) - Torex Gold Resources Inc ::‍NEGOTIATIONS BETWEEN COMMUNITY LEADERS HAVE RESULTED IN AN END TO BLOCKADES OF CO'S ELG MINE COMPLEX​.‍PROCESSING OPERATIONS HAVE CONTINUED UNINTERRUPTED SINCE RESTART IN MID JANUARY​.‍MINING IN EL LIMON PIT IS EXPECTED TO RESUME ON APRIL 6, 2018 ​.‍MINING IN EL LIMON PIT IS EXPECTED TO RESUME TODAY​.  Full Article

Torex Appoints Steven Thomas As CFO
Wednesday, 28 Feb 2018 06:00am EST 

Feb 28 (Reuters) - Torex Gold Resources Inc ::TOREX APPOINTS STEVEN THOMAS AS CHIEF FINANCIAL OFFICER.TOREX GOLD RESOURCES INC - THOMAS JOINS TOREX TEAM AS CFO FROM GOLDCORP INC.  Full Article

Torex Posts Q4 Loss Of $0.31 Per Share
Thursday, 22 Feb 2018 06:00am EST 

Feb 22 (Reuters) - Torex Gold Resources Inc ::TOREX ANNOUNCES 2017 YEAR END FINANCIAL AND OPERATIONAL RESULTS.Q4 ADJUSTED LOSS PER SHARE $0.25.Q4 LOSS PER SHARE $0.31.TOREX GOLD RESOURCES - REVENUE TOTALLED $40.8 MILLION AND COST OF SALES TOTALLED $34.1 MILLION, OR $1,086 PER OUNCE OF GOLD SOLD FOR THE QUARTER.TOREX GOLD RESOURCES - GOLD SOLD FOR QUARTER TOTALLED 31,398 OUNCES SOLD FOR TOTAL PROCEEDS OF $40.3 MILLION AT AVERAGE REALIZED GOLD PRICE OF $1,284/OUNCE.  Full Article

Torex Begins Re-Start Of Operations At ELG Mine, Main Access Gate Blockade Remains In Place
Monday, 15 Jan 2018 06:00am EST 

Jan 15 (Reuters) - Torex Gold Resources Inc ::TOREX INITIATES RE-START OF OPERATIONS AT ELG MINE: BLOCKADE AT MAIN ACCESS GATE REMAINS IN PLACE.TOREX INITIATES RE-START OF OPERATIONS AT ELG MINE: BLOCKADE AT MAIN ACCESS GATE REMAINS IN PLACE.SAYS ‍SUBSET OF REAL DEL LIMON EJIDO CONTINUES TO ACTIVELY SUPPORT BLOCKADE AND LOS MINEROS UNION​.SAYS ‍TEAM OF UNIONIZED EMPLOYEES AND MANAGEMENT HAS INITIATED RE-START IN PRIORITY AREAS OF PLANT AT ELG MINE COMPLEX​.  Full Article

Torex Says CFO Jeff Swinoga To Step Down
Monday, 8 Jan 2018 06:00am EST 

Jan 8 (Reuters) - Torex Gold Resources Inc ::TOREX PROVIDES CORPORATE UPDATE: 241,000 OUNCES OF GOLD POURED IN 2017.TOREX GOLD RESOURCES - CFO JEFF SWINOGA WILL BE LEAVING CO.TOREX GOLD RESOURCES - SWINOGA WILL CONTINUE AS CONSULTANT, SERVE AS ACTING CFO ON AN INTERIM BASIS UNTIL REPLACEMENT IS ANNOUNCED.TOREX GOLD RESOURCES INC - SWINOGA'S DEPARTURE IS EFFECTIVE JANUARY 12.  Full Article

Torex Gold, Lenders Sign Waiver On Liquidity Covenant
Friday, 22 Dec 2017 09:29am EST 

Dec 22 (Reuters) - Torex Gold Resources Inc ::TOREX GOLD - ‍RECEIVED WAIVER TO LOWER LIQUIDITY COVENANT THRESHOLD IN CREDIT AGREEMENT FROM $50 MILLION TO $30 MILLION UNTIL JAN 31, 2018​.TOREX AND LENDERS SIGN WAIVER ON LIQUIDITY COVENANT.TOREX GOLD RESOURCES - ‍UNIT MINERA MEDIA LUNA RECEIVED A WAIVER TO LOWER LIQUIDITY COVENANT THRESHOLD IN CREDIT AGREEMENT OF JULY 21, 2017​.TOREX GOLD RESOURCES INC - ‍PREPARED TO ENGAGE IN STATE FACILITATED NEGOTIATION WITH EMPLOYEES REGARDING BLOCKADE AT ELG MINE SITE.  Full Article

Torex Announces Suspension Of Employment Contracts
Monday, 18 Dec 2017 06:00am EST 

Dec 18 (Reuters) - Torex Gold Resources Inc ::TOREX ANNOUNCES SUSPENSION OF EMPLOYMENT CONTRACTS.TOREX GOLD RESOURCES INC - HAS SUSPENDED EMPLOYMENT CONTRACTS OF ITS WORKFORCE IN MEXICO.TOREX GOLD RESOURCES INC - ‍SUSPENSION OF EMPLOYMENT CONTRACTS WAS EFFECTIVE ON DECEMBER 16​.TOREX GOLD-‍SUSPENSION OF EMPLOYMENT CONTRACTS WILL AFFECT ALL EMPLOYEES IN MEXICO, EXCEPT SMALL NUMBER THAT WILL MANAGE CO'S ONGOING RESPONSIBILITIES​.TOREX GOLD RESOURCES INC - SUSPENSION OF EMPLOYMENT CONTRACTS IS DIRECT RESULT OF BLOCKADE OF ELG MINE​.  Full Article

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