07:51 AM EDT, 07/10/2025 (MT Newswires) -- Torex Gold Resources ( TORXF ) said Thursday that it expects to hit the low end of its 2025 silver equivalent production guidance after second-quarter output slumped.

The miner produced 82,856 gold equivalent ounces in the three months ended June 30, dropping from 116,350 ounces a year ago. After booking year-to-date production of 142,486 gold equivalent ounces, Torex said it expects to reach the low end of its annual production guidance target of 400,000 to 450,000 gold equivalent ounces.

Torex said it had 10 days of unplanned downtime at the Morelos operation in Mexico as it awaited the delivery of a replacement capacitor for the ball mill e-house. This particular part was among the critical spares associated with the new infrastructure at the Media Luna underground mine. After the incident, Torex said it has addressed operational risk linked to not having available critical spare parts.

"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," President and CEO Jody Kuzenko said.