- Torex Gold Resources (TXG) achieved Q1 2025 gold equivalent payable production of 59,630 ounces, aligning with annual guidance.
- Key operational milestones included the successful tie-in of flotation circuits and commissioning of the Guajes Tunnel conveyor.
- The company remains on track to meet its annual production guidance and expects a material production improvement in Q2 2025.
Torex Gold Resources (TXG) reported Q1 2025 gold equivalent (AuEq) payable production of 59,630 ounces, with AuEq sales reaching 60,568 ounces. These figures align with Torex's annual production guidance of 400,000 to 450,000 ounces AuEq, setting a positive start to the year despite a lighter production due to a four-week tie-in period beginning February 18.
Significant achievements this quarter included the completion of the flotation circuits tie-in to the processing plant and commissioning of the Guajes Tunnel conveyor. These developments facilitated the first production of precious metal-rich copper concentrate, marking a key milestone in the company's operational strategy.
Key operational metrics for the quarter include Media Luna Underground mining rates averaging 4,096 tonnes per day (tpd) in April, with the ELG Underground achieving 2,074 tpd. Overall ore processing reached 7,829 tpd with a gold recovery rate of 90.4%.
Looking ahead, Torex Gold Resources anticipates reaching commercial production in the coming weeks and is confident in achieving its guided production range. The company forecasts a significant improvement in production during Q2 2025 and a modest uptick in the latter half of the year, moving towards positive free cash flow.
