- Torex Gold released its preliminary Q4 results last week with a strong quarter to finish FY2020.
- The company reported quarterly gold production of 130,600~ ounces, which allowed the company to easily beat its FY2020 revised guidance midpoint.
- Despite continued operational excellence, the stock continues to remain reasonably valued, trading at just 6.4~x trailing-twelve-month free cash flow estimates.
- I continue to see Torex as one of the best intermediate gold producers, and I would view any pullbacks below US$14.20 as low-risk buying opportunities.
For further details see:
Torex Gold: A Strong Finish To FY2020