Torex Gold Reports Q1 2025 Production Results
Torex Gold Resources (TSX: TXG) reported Q1 2025 gold equivalent (AuEq) payable production of 59,630 ounces and AuEq sold of 60,568 oz, aligning with their annual guidance of 400,000 to 450,000 oz AuEq.
The quarter marked significant milestones including successful flotation circuits tie-in to the processing plant, Guajes Tunnel conveyor commissioning, and first production of precious metal rich copper concentrate. Production was lighter due to a four-week tie-in period starting February 18th.
Key operational metrics include:
- Media Luna Underground mining rates averaging 4,096 tpd in April
- ELG Underground achieving 2,074 tpd
- Overall ore processing rate of 7,829 tpd
- Gold recovery rate of 90.4%
The company expects to achieve commercial production in the coming weeks and remains on track for its guided production range, forecasting material improvement in Q2 and modest uptick in the latter half of the year.
Torex Gold Resources (TSX: TXG) ha riportato una produzione pagabile di oro equivalente (AuEq) nel Q1 2025 di 59.630 once e AuEq venduto di 60.568 once, allineandosi con la loro guida annuale di 400.000 a 450.000 once AuEq.
Il trimestre ha segnato traguardi significativi, inclusi il collegamento con successo dei circuiti di flottazione all'impianto di lavorazione, la messa in funzione del nastro trasportatore del Tunnel Guajes e la prima produzione di concentrato di rame ricco di metalli preziosi. La produzione è stata più leggera a causa di un periodo di collegamento di quattro settimane iniziato il 18 febbraio.
I principali indicatori operativi includono:
- Le tariffe minerarie sotterranee di Media Luna che hanno raggiunto una media di 4.096 tpd ad aprile
- ELG Underground che ha raggiunto 2.074 tpd
- Il tasso complessivo di lavorazione del minerale di 7.829 tpd
- Il tasso di recupero dell'oro del 90,4%
L'azienda prevede di raggiungere la produzione commerciale nelle prossime settimane e rimane in linea con il suo intervallo di produzione guidato, prevedendo un miglioramento significativo nel Q2 e un modesto aumento nella seconda metà dell'anno.
Torex Gold Resources (TSX: TXG) reportó una producción pagadera de oro equivalente (AuEq) en el Q1 2025 de 59,630 onzas y AuEq vendido de 60,568 onzas, alineándose con su guía anual de 400,000 a 450,000 onzas AuEq.
El trimestre marcó hitos significativos, incluyendo la exitosa conexión de circuitos de flotación a la planta de procesamiento, la puesta en marcha del transportador del túnel Guajes y la primera producción de concentrado de cobre rico en metales preciosos. La producción fue más ligera debido a un período de conexión de cuatro semanas que comenzó el 18 de febrero.
Los principales indicadores operativos incluyen:
- Las tasas de minería subterránea de Media Luna promediando 4,096 tpd en abril
- ELG Underground alcanzando 2,074 tpd
- Tasa general de procesamiento de mineral de 7,829 tpd
- Tasa de recuperación de oro del 90.4%
La empresa espera alcanzar la producción comercial en las próximas semanas y se mantiene en camino para su rango de producción guiado, pronosticando una mejora material en el Q2 y un ligero aumento en la segunda mitad del año.
Torex Gold Resources (TSX: TXG)는 2025년 1분기 금 환산(AuEq) 유효 생산량이 59,630 온스이고, AuEq 판매량이 60,568 온스라고 보고했습니다. 이는 연간 가이드라인인 400,000에서 450,000 온스 AuEq와 일치합니다.
이번 분기는 처리 공장과의 플로테이션 회로 성공적인 연결, Guajes 터널 컨베이어의 가동, 귀금속이 풍부한 구리 농축물의 첫 생산 등 중요한 이정표를 세웠습니다. 생산량은 2월 18일부터 시작된 4주간의 연결 기간으로 인해 감소했습니다.
주요 운영 지표는 다음과 같습니다:
- Media Luna 지하 채굴 비율이 4월에 평균 4,096 tpd
- ELG Underground가 2,074 tpd 달성
- 전체 광석 처리 비율 7,829 tpd
- 금 회수율 90.4%
회사는 향후 몇 주 내에 상업 생산을 달성할 것으로 예상하며, 안내된 생산 범위에 맞춰 진행 중이며, 2분기에 실질적인 개선과 하반기에 소폭 상승을 예고하고 있습니다.
Torex Gold Resources (TSX: TXG) a annoncé une production payable d'or équivalent (AuEq) au premier trimestre 2025 de 59 630 onces et un AuEq vendu de 60 568 onces, s'alignant sur leurs prévisions annuelles de 400 000 à 450 000 onces AuEq.
Ce trimestre a marqué des jalons significatifs, y compris la connexion réussie des circuits de flottation à l'usine de traitement, la mise en service du convoyeur du tunnel Guajes et la première production de concentré de cuivre riche en métaux précieux. La production a été plus légère en raison d'une période de connexion de quatre semaines débutant le 18 février.
Les principaux indicateurs opérationnels incluent:
- Taux de minage souterrain de Media Luna atteignant en moyenne 4 096 tpd en avril
- ELG Underground atteignant 2 074 tpd
- Taux global de traitement du minerai de 7 829 tpd
- Taux de récupération de l'or de 90,4 %
L'entreprise s'attend à atteindre une production commerciale dans les semaines à venir et reste sur la bonne voie pour son intervalle de production guidé, prévoyant une amélioration significative au T2 et une légère hausse dans la seconde moitié de l'année.
Torex Gold Resources (TSX: TXG) berichtete für das erste Quartal 2025 eine zahlbare Produktion von goldäquivalenten (AuEq) 59.630 Unzen und verkauften AuEq von 60.568 Unzen, was mit ihrer Jahresprognose von 400.000 bis 450.000 Unzen AuEq übereinstimmt.
Das Quartal markierte bedeutende Meilensteine, darunter die erfolgreiche Anbindung der Flotationskreisläufe an die Aufbereitungsanlage, die Inbetriebnahme des Förderbands im Guajes-Tunnel und die erste Produktion von kupferhaltigem Konzentrat mit Edelmetallen. Die Produktion war aufgrund einer vierwöchigen Anbindungsphase, die am 18. Februar begann, geringer.
Wichtige betriebliche Kennzahlen sind:
- Durchschnittliche Bergbaurate von Media Luna Underground von 4.096 tpd im April
- ELG Underground mit 2.074 tpd
- Gesamter Erzverarbeitungsgrad von 7.829 tpd
- Goldrückgewinnungsrate von 90,4%
Das Unternehmen erwartet, in den kommenden Wochen die kommerzielle Produktion zu erreichen und bleibt auf Kurs für seinen geführten Produktionsbereich, mit einer prognostizierten signifikanten Verbesserung im Q2 und einem moderaten Anstieg in der zweiten Jahreshälfte.
- Successfully completed flotation circuits tie-in and achieved first copper concentrate production
- Media Luna Underground development tracking ahead of plan
- On track to meet annual production guidance of 400,000-450,000 oz AuEq
- Expected return to positive free cash flow in second half of 2025
- Strong gold recovery rate of 90.4%
- Lower Q1 production due to four-week plant tie-in period
- Currently operating below target mining rate at Media Luna (4,096 tpd vs 7,500 tpd target)
- Low copper recovery rate of 24.2%
Processing plant tie-ins concluded and first copper concentrate achieved; quarterly production in line with plan
(All amounts expressed in U.S. dollars unless otherwise stated)
Toronto, Ontario--(Newsfile Corp. - April 10, 2025) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) reports Q1 2025 gold equivalent ("AuEq") payable production of 59,630 ounces ("oz") and AuEq sold of 60,568 oz. The Company is on track to achieve annual payable production guidance of 400,000 to 450,000 oz AuEq1.
TABLE 1: PRELIMINARY FIRST QUARTER 2025 OPERATIONAL RESULTS1
| ELG Open Pit | ELG Underground | Media Luna Underground | Morelos Complex | |
| Ore tonnes mined per day | 1,850 tpd | 2,074 tpd | 1,111 tpd April-to-date 4,096 tpd2 | |
| Waste tonnes mined per day | 5,620 tpd | |||
| Ore processed per day | 7,829 tpd | |||
| Au | Ag | Cu | AuEq3 | |
| Average grade processed | 2.65 gpt | 6.4 gpt | ||
| Average recovery | ||||
| Produced (before payable deductions) | 58,420 oz | 41.5 koz | 0.6 mlb | |
| Produced (after payable deductions) | 58,330 oz | 39.6 koz | 0.6 mlb | 59,630 oz |
| Sold | 59,756 oz | 32.9 koz | 0.3 mlb | 60,568 oz |
Notes:
1) Operational results are preliminary in nature and subject to final reconciliation.
2) April-to-date ore tonnes mined per day for Media Luna Underground as through April 8, 2025.
3) AuEq produced (after payable deductions) and AuEq sold are based on average market prices during Q1 2025 for gold ("Au"), silver ("Ag"), and copper ("Cu").
Financial and operational results for Q1 2025 will be released after market close on Wednesday, May 7, 2025.
Jody Kuzenko, President & CEO of Torex, stated:
"A number of significant milestones were achieved during Q1 2025, and we are incredibly proud of these accomplishments. We successfully tied-in the flotation circuits to the processing plant as part of the Media Luna Project and restarted the mill on schedule, commissioned the Guajes Tunnel conveyor, and achieved first production of precious metal rich copper concentrate. As expected, AuEq production was lighter than usual this quarter given the four-week tie-in period that began on February 18th. Payable production for the quarter was 59,630 oz AuEq including 58,330 oz Au. Following quarter end, shipments of concentrate commenced and shipments of doré resumed.
"Since the restart of operations, the focus has been on reaching designed metallurgical recoveries and concentrate quality targets while gradually increasing throughput in the flotation circuits. With progress to date tracking to plan, we expect to achieve commercial production in the next several weeks.
"At Media Luna Underground, development and stope delineation are both tracking ahead of plan. Mining rates are just now being tracked daily following the commissioning of the Guajes Tunnel conveyor, with rates averaging 4,096 tpd month-to-date in April. With completion/commissioning of the paste plant and paste distribution system planned in Q2, we expect consistently increasing mining rates at Media Luna and remain on plan to achieve 7,500 tpd by mid-2026. At ELG Underground, mining rates are expected to increase through the remainder of the year as additional long-hole stopes are brought into production.
"With many of the key transition risks now behind us, we remain on track to achieve payable production at our guided range of 400,000 to 450,000 oz AuEq. We forecast a material improvement in production during Q2 followed by a modest uptick in quarterly production during the back half of the year as we return to positive free cash flow."
1) Gold equivalent payable production guidance is based on
FIRST QUARTER 2025 CONFERENCE CALL AND WEBCAST DETAILS
Torex plans to release its first quarter financial and operational results after market close on Wednesday, May 7, 2025. A conference call and webcast hosted by senior management will be held on Thursday, May 8, 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 is an intermediate gold producer based in Canada, engaged in the exploration, development, and operation of its
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: with completion/commissioning of the paste plant and paste distribution system planned in Q2, the Company expects consistently increasing mining rates at Media Luna and remains on plan to achieve 7,500 tpd by mid-2026; at ELG Underground, mining rates are expected to increase through the remainder of the year as additional long-hole stopes are brought into production; with many of the key transition risks now behind the Company, the Company remains on track to achieve payable production at the guided range of 400,000 to 450,000 oz AuEq; the Company forecasts a material improvement in production during Q2 followed by a modest uptick in quarterly production during the back half of the year as the Company returns to positive free cash flow; and 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. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "guidance", "expects", "planned", "forecast" or variations of such words and phrases or statements that certain actions, events or results are "on track to" or "will", or "is expected to" occur. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including, without limitation, risks and uncertainties identified in the Company's technical report (the "Technical Report") released on March 31, 2022, entitled "NI 43-101 Technical Report ELG Mine Complex Life of Mine Plan and Media Luna Feasibility Study", which has an effective date of March 16, 2022, the Company's annual information form ("AIF") and management's discussion and analysis ("MD&A") or other unknown but potentially significant impacts. Forward-looking information is based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws. The Technical Report, AIF, and MD&A are filed on SEDAR+ at www.sedarplus.ca and on the Company's website at www.torexgold.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248104
FAQ
What was Torex Gold's (TORXF) Q1 2025 production volume?
When will Torex Gold (TORXF) reach commercial production at Media Luna?
What is Torex Gold's (TORXF) production guidance for 2025?
What mining rate is Media Luna Underground targeting by mid-2026?
When will Torex Gold (TORXF) release Q1 2025 financial results?
