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Torex Gold Resources Inc (TXG.TO)

TXG.TO on Toronto Stock Exchange

11.16CAD
23 Feb 2018
Change (% chg)

$-0.55 (-4.70%)
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Volume
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Latest Key Developments (Source: Significant Developments)

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

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

BRIEF-Torex Posts Q4 Loss Of $0.31 Per Share

* TOREX ANNOUNCES 2017 YEAR END FINANCIAL AND OPERATIONAL RESULTS