Overview

* Torex Gold Q2 revenue at $253.9 mln, net income $83.2 mln

* Adjusted EBITDA of $117.7 mln missed analyst expectations, per LSEG data

Outlook

* Torex targets lower end of 400,000-450,000 oz AuEq production guidance

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

* Torex anticipates increasing positive free cash flow through 2025

Result Drivers

* MEDIA LUNA RAMP-UP - Declared commercial production at Media Luna on May 1, contributing to increased production

* UNPLANNED DOWNTIME - Experienced 10 days of unplanned downtime in May

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $253.90

Revenue mln

Q2 $43.80

Adjusted mln

Net

Income

Q2 Net $83.20

Income mln

Q2 Miss $117.70 $127 mln

Adjusted mln (1

EBITDA Analyst)

Q2 $114.10

EBITDA mln

Q2 Free -$37.50

Cash mln

Flow

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "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$64.00, about 34.3% above its August 6 closing price of C$42.08

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

(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.)