Overview

* Torex Gold Q3 revenue rises to $416.4 mln, net income soars to $114.4 mln

* Adjusted EBITDA rises 57%, but misses analysts' expectations

* Company announces inaugural dividend and share repurchases

Outlook

* Torex expects 2025 production at low end of 400,000-450,000 oz AuEq range

* Company anticipates 2025 all-in sustaining costs at upper end of $1,400-$1,600/oz

Result Drivers

* MEDIA LUNA COMPLETION - Return to steady-state production levels after Media Luna Project completion drove positive free cash flow

* HIGH GOLD PRICES - Higher gold market prices impacted costs and margins

* OPERATIONAL PERFORMANCE - Operational performance helped free cash flow generation

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $416.40

Revenue mln

Q3 $103.40

Adjusted mln

Net

Income

Q3 Net $114.40

Income mln

Q3 Miss $239.30 $281 mln

Adjusted mln (1

EBITDA Analyst)

Q3 $235.30

EBITDA mln

Q3 Free $112.50

Cash mln

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the gold peer group is "buy"

* Wall Street's median 12-month price target for Torex Gold Resources Inc ( TORXF ) is C$77.00, about 25.9% above its November 5 closing price of C$57.05

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)