Torex Gold Resources Q4 Earnings Call Highlights

Torex Gold Resources (TSE:TXG) outlined a “transformational” 2025 and provided updated production, cost, and superior allocation priorities during its fourth-quarter and full-year 2025 results league call. Management highlighted the palmy ramp-up of the Media Luna operation, grounds margins and escaped currency flow, and the company’s modulation to a debt-free equilibrium sheet.

President and CEO Jody Kuzenko opened the telephone by emphasizing succession readying and operational systems arsenic halfway elements of Torex’s strategy. Kuzenko said the planned enactment transition, announced weeks earlier, is intended to supply continuity for shareholders and stakeholders.

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Kuzenko said Torex’s 2026 absorption volition stay aligned with existing strategical pillars, including de-risking and demonstrating the semipermanent imaginable of the Morelos Complex, delivering a preliminary economical appraisal (PEA) for Los Reyes by mid-year, initiating drilling astatine early-stage exploration projects acquired successful Nevada and Chihuahua, and “aggressively returning superior to shareholders” supported by currency travel pursuing the Media Luna build-out.

CFO Andrew Snowden, who is acceptable to go CEO successful June, echoed the taxable of continuity. He credited Kuzenko’s tenure with completing Media Luna and positioning the institution for the adjacent phase, including escaped currency travel procreation and a instrumentality of superior program.

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Kuzenko said Torex reached commercialized accumulation astatine Media Luna successful May 2025 and ramped up “ahead of plan,” exiting the twelvemonth astatine 7,000 tonnes per time versus a targeted 6,500 tonnes per day. The institution remains connected way to scope plan rates of 7,500 tonnes per time by mid-year 2026, which absorption said would beryllium six months up of the docket outlined successful the feasibility study.

She said 2025 accumulation was beardown successful the 2nd fractional arsenic mining rates improved and works throughput remained “strong and stable.” Management expects accumulation to stay astir second-half 2025 levels going forward, with 2026 accumulation weighted somewhat to the backmost fractional owed to people and stope sequencing arsenic the mill complaint increases to 7,500 tonnes per time by mid-year.

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Torex besides highlighted improved metallurgical show astatine the process plant. Management said golden and copper recoveries ramped rapidly and consistently achieved plan levels of 90% and 92%, respectively, portion metallic recoveries were said to beryllium improving toward a plan level of 85%.