Torex Gold Resources Inc. (T:TXG*CA)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 130 King Street West, Suite 740 TORONTO ON M5X 2A2 |
| Tel: | 1-647-2601503 |
| Website: | https://www.torexgold.com |
| IR: | See website |
| Key People | ||
| Jody Lynne Mary Kuzenko President, Chief Executive Officer, Director | Andrew P. Snowden Chief Financial Officer | David Stefanuto Executive Vice President - Technical Services and Capital Projects |
| Angela M. Robson Senior Vice President of Human Resources, ESG and Communications | Daniel J. T. Rollins Senior Vice President - Corporate Development and Investor Relations | Faysal A. Rodriguez Valenzuela Senior Vice President, Mexico |
| Raul Guerra Vice President - Exploration | Mary D. Batoff General Counsel, Corporate Secretary | |
| Business Overview |
| Torex Gold Resources Inc. is a Canada-based intermediate gold producing company, which is engaged in exploration, development, and operation of its Morelos Gold Property. The Morelos Gold property covers an area of approximately 29,000 hectares in the prospective Guerrero Gold Belt located 180 kilometers southwest of Mexico City. The Company's principal assets are the El Limon Guajes mining complex (ELG or the ELG Mine Complex), comprising the El Limon, Guajes and El Limon Sur open pits. The Company also hosts the Media Luna deposit, which is an advanced stage development project located approximately seven kilometers from ELG. The Company's El Limon Guajes underground mine includes Sub-Sill and El Limon Deep, and processing plant and related infrastructure, and the Media Luna deposit. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Torex Gold Resources Inc revenues increased 2% to $882.6M. Net income applicable to common stockholders increased 7% to $202.6M. Revenues reflect Gold bullion segment increase of 2% to $869.9M. Net income benefited from Interest Income increase of 41% to $13.8M (income), Exploration and evaluation expenses decrease of 17% to $7.1M (expense). |
| Employees: | 1,151 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,440M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,208M as of Dec 31, 2023 |
| EBITDA (TTM): | $620.02M as of Dec 31, 2023 |
| Net annual income (TTM): | $273.00M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$244.53M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 85,968,582 as of Mar 13, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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