Torex Gold Reports Q2 2025 Production Results
Torex Gold (TSX: TXG) reported Q2 2025 production results, achieving 82,856 gold equivalent ounces (AuEq) in payable production and 76,922 oz AuEq sold. Year-to-date production reached 142,486 oz AuEq, leading the company to target the lower end of its annual guidance of 400,000-450,000 oz AuEq.
The quarter marked a transition period following commercial production declaration at Media Luna on May 1st. Despite facing a 10-day downtime due to a capacitor failure in late May, June operations showed strong performance with over 37,000 AuEq ounces produced and plant throughput exceeding 11,100 tonnes per day. Media Luna mining rates reached 5,300 tpd in June, with expectations to achieve the designed rate of 7,500 tpd by mid-2026.
The company returned to positive free cash flow in June and expects consistent positive cash flow from Q3 2025 onward.
Torex Gold (TSX: TXG) ha comunicato i risultati di produzione del secondo trimestre 2025, raggiungendo una produzione pagabile di 82.856 once equivalenti d'oro (AuEq) e vendite pari a 76.922 oz AuEq. La produzione da inizio anno ha raggiunto 142.486 oz AuEq, portando la società a prevedere il limite inferiore della sua guidance annuale di 400.000-450.000 oz AuEq.
Il trimestre ha rappresentato un periodo di transizione dopo la dichiarazione di produzione commerciale a Media Luna il 1° maggio. Nonostante un fermo di 10 giorni a causa di un guasto a un condensatore a fine maggio, le operazioni di giugno hanno mostrato una forte performance con oltre 37.000 once AuEq prodotte e una capacità dell'impianto superiore a 11.100 tonnellate al giorno. I ritmi di estrazione a Media Luna hanno raggiunto 5.300 tpd a giugno, con l'obiettivo di arrivare al tasso progettato di 7.500 tpd entro metà 2026.
La società è tornata a generare flussi di cassa liberi positivi a giugno e prevede un flusso di cassa costantemente positivo dal terzo trimestre 2025 in poi.
Torex Gold (TSX: TXG) reportó los resultados de producción del segundo trimestre de 2025, alcanzando una producción pagable de 82,856 onzas equivalentes de oro (AuEq) y ventas de 76,922 oz AuEq. La producción acumulada en el año llegó a 142,486 oz AuEq, lo que lleva a la compañía a apuntar al extremo inferior de su guía anual de 400,000-450,000 oz AuEq.
El trimestre marcó un periodo de transición tras la declaración de producción comercial en Media Luna el 1 de mayo. A pesar de enfrentar una parada de 10 días debido a una falla en un capacitor a finales de mayo, las operaciones de junio mostraron un desempeño sólido con más de 37,000 onzas AuEq producidas y un rendimiento de planta superior a 11,100 toneladas por día. Las tasas de minería en Media Luna alcanzaron 5,300 tpd en junio, con expectativas de alcanzar la tasa diseñada de 7,500 tpd para mediados de 2026.
La compañía volvió a generar flujo de caja libre positivo en junio y espera mantener un flujo de caja positivo constante a partir del tercer trimestre de 2025.
Torex Gold (TSX: TXG)는 2025년 2분기 생산 실적을 보고하며, 82,856 온스 금 환산 생산량(AuEq)과 76,922 온스 AuEq 판매를 달성했습니다. 연초부터 누적 생산량은 142,486 온스 AuEq에 이르러 회사는 연간 가이던스 400,000-450,000 온스 AuEq의 하단 목표를 설정했습니다.
이번 분기는 5월 1일 Media Luna 상업 생산 선언 이후 전환기였습니다. 5월 말 콘덴서 고장으로 인한 10일간 가동 중단에도 불구하고 6월에는 37,000 온스 이상의 AuEq를 생산하며 일일 처리량이 11,100톤 이상을 기록하는 등 강한 실적을 보였습니다. Media Luna 광산 채굴 속도는 6월에 5,300 tpd에 도달했으며, 2026년 중반까지 설계된 7,500 tpd 달성을 목표로 하고 있습니다.
회사는 6월에 자유 현금 흐름이 다시 플러스로 전환되었으며, 2025년 3분기부터 꾸준한 긍정적 현금 흐름을 기대하고 있습니다.
Torex Gold (TSX : TXG) a publié ses résultats de production pour le deuxième trimestre 2025, atteignant une production payable de 82 856 onces équivalentes or (AuEq) et des ventes de 76 922 oz AuEq. La production cumulée depuis le début de l'année a atteint 142 486 oz AuEq, conduisant la société à viser la borne inférieure de ses prévisions annuelles de 400 000 à 450 000 oz AuEq.
Le trimestre a marqué une période de transition suite à la déclaration de production commerciale à Media Luna le 1er mai. Malgré une interruption de 10 jours due à une panne de condensateur fin mai, les opérations de juin ont affiché de solides performances avec plus de 37 000 onces AuEq produites et un débit d'usine supérieur à 11 100 tonnes par jour. Les taux d'extraction à Media Luna ont atteint 5 300 tpd en juin, avec l'objectif d'atteindre le taux prévu de 7 500 tpd d'ici la mi-2026.
L'entreprise est redevenue positive en flux de trésorerie libre en juin et prévoit un flux de trésorerie positif constant à partir du troisième trimestre 2025.
Torex Gold (TSX: TXG) meldete die Produktionszahlen für das zweite Quartal 2025 und erreichte eine zahlbare Produktion von 82.856 Goldäquivalent-Unzen (AuEq) sowie einen Verkauf von 76.922 oz AuEq. Die Produktion seit Jahresbeginn belief sich auf 142.486 oz AuEq, was das Unternehmen dazu veranlasst, das untere Ende seiner Jahresprognose von 400.000-450.000 oz AuEq anzustreben.
Das Quartal markierte eine Übergangsphase nach der Erklärung der kommerziellen Produktion bei Media Luna am 1. Mai. Trotz einer 10-tägigen Stillstandszeit aufgrund eines Kondensatorausfalls Ende Mai zeigte der Juni eine starke Leistung mit über 37.000 AuEq Unzen produzierten und einer Anlagendurchsatzrate von über 11.100 Tonnen pro Tag. Die Abbauraten bei Media Luna erreichten im Juni 5.300 tpd, mit der Erwartung, die geplante Rate von 7.500 tpd bis Mitte 2026 zu erreichen.
Das Unternehmen erzielte im Juni wieder einen positiven freien Cashflow und erwartet ab dem dritten Quartal 2025 einen konstant positiven Cashflow.
- Returned to positive free cash flow in June 2025
- Strong June performance with over 37,000 AuEq ounces produced
- Plant throughput exceeded 11,100 tonnes per day in June
- Media Luna development tracking ahead of plan with 90% of 2026 planned stopes drilled
- No lost-time injuries reported in Q2
- Upcoming acquisition of Reyna Silver expected to close in August
- Inaugural return of capital policy announcement expected soon
- Production guidance revised to low end of 400,000-450,000 oz AuEq range
- 10-day unplanned downtime in May due to capacitor failure
- Q2 production impacted by processing plant ramp-up challenges
Production ramping up to steady state following declaration of commercial production
(All amounts expressed in U.S. dollars unless otherwise stated)
Toronto, Ontario--(Newsfile Corp. - July 10, 2025) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) reports Q2 2025 gold equivalent ("AuEq") payable production of 82,856 ounces ("oz") and AuEq sold of 76,922 oz. Year-to-date, payable production has totaled 142,486 oz AuEq based on average market prices (145,343 oz AuEq at guidance metal prices of
TABLE 1: PRELIMINARY SECOND QUARTER 2025 OPERATIONAL RESULTS1
| ELG Open Pit | ELG Underground | Media Luna Underground | Morelos Complex | |
| Ore tonnes mined per day | 2,133 tpd | 2,790 tpd | 4,278 tpd | - |
| Waste tonnes mined per day | 9,313 tpd | - | - | - |
| Ore processed per day | - | - | - | 8,887 tpd |
| Au | Ag | Cu | AuEq1 | |
| Grade processed | 2.92 gpt | 20.46 gpt | - | |
| Recovery | - | |||
| Produced (before payable deductions) | 69,576 oz | 336.5 koz | 8.0 mlb | - |
| Produced (after payable deductions) | 68,955 oz | 307.4 koz | 7.7 mlb | 82,856 oz |
| Sold | 63,493 oz | 291.3 koz | 7.4 mlb | 76,922 oz |
Notes:
1) Operational results are preliminary in nature and subject to final reconciliation.
2) AuEq produced (after payable deductions) and AuEq sold are based on average market prices during Q2 2025 for gold ("Au"), silver ("Ag"), and copper ("Cu").
Financial and operational results for Q2 2025 will be released after market close on Wednesday, August 6, 2025.
Jody Kuzenko, President & CEO of Torex, stated:
"As expected, Q2 was anything but a typical quarter for Torex as we ramped up operations following the restart of our processing operations in late March and declared commercial production at Media Luna on May 1st. In June, with operations hitting their stride, we officially returned to positive free cash flow in the month, paving the way for expected positive free cash flow at Morelos for the third quarter and consistently thereafter.
"Importantly, amid all the activity associated with the ramp up, there were no lost-time injuries in the quarter as we continued to implement our Next Level Safety program and reset the bar on safety leadership.
"The first half of Q2 was largely as expected in terms of the ramp-up period, with production driven by gradually improving throughput rates and recoveries in the processing plant. However, towards the end of May, we experienced a capacitor failure in the ball mill e-house, which resulted in ten days of unplanned downtime as we awaited delivery of a replacement capacitor. This particular part was on the list of identified and ordered critical spares associated with the new Media Luna infrastructure, but we had not yet taken delivery. Since this failure, the operational risk associated with not having available critical spares has been substantially addressed.
"The month of June has truly set the stage for what is to come through the remainder of the year and into 2026, with production of over 37,000 gold equivalent ounces for the month and plant throughput rates exceeding 11,100 tonnes per day ("tpd"). Operations in June also demonstrated the flexibility of the upgraded processing plant, processing most of the ore from the final phase of open pit mining and bypassing flotation, then transitioning back to underground feed and flotation in early July. At Media Luna, mining rates reached an average of more than 5,300 tpd in June, with throughput expected to increase through the back half of the year with the completion of two additional ore passes and completion of the paste plant which is currently in commissioning. With development rates tracking ahead of plan and
"With strong operational momentum, production and costs are expected to show a marked improvement in the second half of the year amidst a backdrop of robust gold, silver, and copper prices, supporting our return to solid free cash flow generation. Further, with development of the access ramp for EPO now underway, a steady cadence of exploration results to come, our all-cash acquisition of Reyna Silver expected to close in August, and an inaugural return of capital policy expected to be announced in the coming months, there is much for our shareholders to be excited about as we look toward the future."
SECOND QUARTER 2025 CONFERENCE CALL AND WEBCAST DETAILS
Torex plans to release its second quarter financial and operational results after market close on Wednesday, August 6, 2025. A conference call and webcast hosted by senior management will be held on Thursday, August 7, 2025, at 9:00 AM ET.
Telephone Access
For expedited access to the conference call, registration is open to obtain an access code in advance, which will allow participants to join the call directly at the scheduled time. Alternatively, dial-in details are as follows:
Toronto local or International: 1-647-846-8914
Toll-Free (North America): 1-833-752-3842
Please join the conference call approximately ten minutes prior to the scheduled start time if using the dial-in details above.
Webcast Access
A webcast will be available on the Company's website at www.torexgold.com/investors/upcoming-events/. The webcast will be archived on the Company's website at www.torexgold.com/investors/financial-reports/.
ABOUT TOREX GOLD RESOURCES INC.
Torex Gold Resources Inc. is an intermediate gold producer based in Canada, engaged in the exploration, development, and operation of its
The Company's principal asset is the Morelos Complex, which includes the producing Media Luna Underground, ELG Underground, and ELG Open Pit mines, the development stage EPO Underground Project, a processing plant, and related infrastructure. Commercial production from the Morelos Complex commenced on April 1, 2016 and an updated Technical Report for the Morelos Complex was released in March 2022.
Torex's key strategic objectives are: deliver Media Luna to full production and build EPO; optimize Morelos production and costs; grow reserves and resources; disciplined growth and capital allocation; retain and attract best industry talent; and industry leader in responsible mining. In addition to realizing the full potential of the Morelos Property, the Company is seeking opportunities to acquire assets that enable diversification and deliver value to shareholders.
FOR FURTHER INFORMATION, PLEASE CONTACT:
TOREX GOLD RESOURCES INC.
Jody Kuzenko
President and CEO
Direct: (647) 725-9982
jody.kuzenko@torexgold.com
Dan Rollins
Senior Vice President, Corporate Development & Investor Relations
Direct: (647) 260-1503
dan.rollins@torexgold.com
CAUTIONARY NOTES ON FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements that: in June, with operations hitting their stride, the Company returned to positive free cash flow in the month, paving the way for expected positive free cash flow at Morelos for the third quarter and consistently thereafter; with development rates tracking ahead of plan and
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258302
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