TORXF - Torex Gold tops guidance with record production in 2022

Torex Gold Resources ( OTCPK:TORXF ) said Thursday its FY 2022 gold production hit an annual record of more than 474K oz, surpassing the upper end of company guidance of 430K-470K oz and up ~1% from the previous year.

FY 2022 performance included record annual throughput of 12.6K metric tons/day and a record annual contribution from the El Limon Guajes underground operation, President and CEO Jody Kuzenko said.

Q4 production fell 5% Q/Q to 116.2K oz.

Torex ( OTCPK:TORXF ) said it expects to release 2023 operational guidance next week, and plans to release its inaugural five-year production outlook for the Morelos Complex, the Media Luna project and surface stockpiles.

Torex Gold ( OTCPK:TORXF ) continues to make solid progress at Media Luna, where it plans to transition by 2025, Taylor Dart writes in an analysis published on Seeking Alpha .

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