- Torex Gold released its Q3 production results last week with an exceptional quarter from its El-Limon Guajes Mine in Mexico.
- The company reported quarterly gold production of 131,790 ounces, the second-best quarter since the mine began commercial production in 2016.
- This significant quarter for production is likely to translate to a massive drop in all-in sustaining costs sequentially, and a more than 50% increase in all-in sustaining cost margins sequentially.
- I continue to see Torex Gold as a Hold, and I would view any pullbacks below C$19.45 as low-risk buying opportunities.
For further details see:
Torex Gold: An Exceptional Quarter At El-Limon Guajes