- Torex Gold released its preliminary Q1 results earlier this month, reporting quarterly gold production of ~129,500 ounces.
- This strong performance translated to significantly higher revenue in the period, with Q1 revenue likely to increase by more than 30% year-over-year.
- Given the solid Q1 results, the company is on track to beat its FY2021 guidance mid-point of ~450,000 ounces, and is now finally debt free.
- At less than 1.5x forward revenue, the stock remains reasonably valued, and pullbacks below US$12.40 should provide low-risk buying opportunities.
For further details see:
Torex Gold: A Record Quarter On Multiple Metrics