Previous Close | $0.00 |
Intrinsic Value | $11.14 |
Upside potential | +∞% |
Data is not available at this time.
Torex Gold Resources Inc. is an intermediate gold producer with a strong operational footprint in Mexico, primarily focused on the Morelos Gold Property. The company’s core revenue model is driven by gold production from its El Limón Guajes mining complex, which includes open-pit and underground operations, as well as the advanced-stage Media Luna deposit. Torex also extracts silver, copper, and carbon as secondary revenue streams, diversifying its mineral portfolio. Operating in the competitive gold mining sector, the company distinguishes itself through efficient, low-cost production and a strategic focus on high-grade deposits. Its assets, spanning 29,000 hectares southwest of Mexico City, provide a solid foundation for sustained output. Torex maintains a disciplined approach to growth, balancing exploration, development, and operational optimization. The company’s market position is bolstered by its fully integrated infrastructure, including processing plants, which enhances cost control and scalability. As a mid-tier producer, Torex competes with larger peers by prioritizing operational efficiency and disciplined capital allocation, positioning it well in volatile gold markets.
In its latest fiscal year, Torex Gold reported revenue of CAD 1.12 billion, with net income of CAD 134.6 million, reflecting a net margin of approximately 12%. The company generated CAD 449.5 million in operating cash flow, underscoring its ability to convert production into cash efficiently. Capital expenditures totaled CAD 553.7 million, indicating significant reinvestment in growth and sustaining operations.
Torex’s diluted EPS of CAD 1.55 demonstrates its earnings power, supported by stable production and cost management. The company’s capital efficiency is evident in its balanced approach to reinvestment, with Media Luna’s development being a key focus. Operating cash flow coverage of capital expenditures suggests prudent financial stewardship despite aggressive growth investments.
Torex maintains a solid balance sheet with CAD 110.2 million in cash and equivalents and total debt of CAD 141.2 million, reflecting a conservative leverage profile. The company’s liquidity position is adequate to support ongoing operations and development projects, with no immediate financial strain evident.
Torex is focused on organic growth, particularly through the Media Luna project, which is expected to enhance production and resource longevity. The company does not currently pay dividends, opting instead to reinvest cash flows into expansion and exploration, aligning with its growth-oriented strategy.
With a market capitalization of CAD 3.84 billion and a beta of 0.895, Torex is viewed as a relatively stable player in the gold sector. The market appears to price in steady production growth and operational execution, with valuation metrics reflecting mid-tier producer expectations.
Torex’s strategic advantages include its high-grade Mexican assets, integrated infrastructure, and disciplined cost management. The outlook remains positive, driven by Media Luna’s potential and efficient operations, though commodity price volatility and geopolitical risks in Mexico warrant monitoring.
Company filings, market data
show cash flow forecast
Fiscal year | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 | 2035 | 2036 | 2037 | 2038 | 2039 | 2040 | 2041 | 2042 | 2043 | 2044 | 2045 | 2046 | 2047 | 2048 | 2049 | |
INCOME STATEMENT | ||||||||||||||||||||||||||
Revenue growth rate, % | NaN | |||||||||||||||||||||||||
Revenue, $ | NaN | |||||||||||||||||||||||||
Variable operating expenses, $m | NaN | |||||||||||||||||||||||||
Fixed operating expenses, $m | NaN | |||||||||||||||||||||||||
Total operating expenses, $m | NaN | |||||||||||||||||||||||||
Operating income, $m | NaN | |||||||||||||||||||||||||
EBITDA, $m | NaN | |||||||||||||||||||||||||
Interest expense (income), $m | NaN | |||||||||||||||||||||||||
Earnings before tax, $m | NaN | |||||||||||||||||||||||||
Tax expense, $m | NaN | |||||||||||||||||||||||||
Net income, $m | NaN | |||||||||||||||||||||||||
BALANCE SHEET | ||||||||||||||||||||||||||
Cash and short-term investments, $m | NaN | |||||||||||||||||||||||||
Total assets, $m | NaN | |||||||||||||||||||||||||
Adjusted assets (=assets-cash), $m | NaN | |||||||||||||||||||||||||
Average production assets, $m | NaN | |||||||||||||||||||||||||
Working capital, $m | NaN | |||||||||||||||||||||||||
Total debt, $m | NaN | |||||||||||||||||||||||||
Total liabilities, $m | NaN | |||||||||||||||||||||||||
Total equity, $m | NaN | |||||||||||||||||||||||||
Debt-to-equity ratio | NaN | |||||||||||||||||||||||||
Adjusted equity ratio | NaN | |||||||||||||||||||||||||
CASH FLOW | ||||||||||||||||||||||||||
Net income, $m | NaN | |||||||||||||||||||||||||
Depreciation, amort., depletion, $m | NaN | |||||||||||||||||||||||||
Funds from operations, $m | NaN | |||||||||||||||||||||||||
Change in working capital, $m | NaN | |||||||||||||||||||||||||
Cash from operations, $m | NaN | |||||||||||||||||||||||||
Maintenance CAPEX, $m | NaN | |||||||||||||||||||||||||
New CAPEX, $m | NaN | |||||||||||||||||||||||||
Total CAPEX, $m | NaN | |||||||||||||||||||||||||
Free cash flow, $m | NaN | |||||||||||||||||||||||||
Issuance/(repurchase) of shares, $m | NaN | |||||||||||||||||||||||||
Retained Cash Flow, $m | NaN | |||||||||||||||||||||||||
Pot'l extraordinary dividend, $m | NaN | |||||||||||||||||||||||||
Cash available for distribution, $m | NaN | |||||||||||||||||||||||||
Discount rate, % | NaN | |||||||||||||||||||||||||
PV of cash for distribution, $m | NaN | |||||||||||||||||||||||||
Current shareholders' claim on cash, % | NaN |