- Torex Gold released its Q1 results last month, reporting quarterly production of ~112,400 ounces at all-in sustaining costs of $1,034/oz.
- These production results are tracking nicely against the company's guidance midpoint of ~455,000 ounces considering that Q1 production is expected to be the low point of the year.
- On the development front, the company continues to make solid progress on the Guajes Tunnel but is tracking behind plans at the South Portal Lower to date.
- At a sub-$750 million market cap, Torex remains undervalued, but with several other high-quality producers on the sale rack, I continue to see better opportunities elsewhere for the time being.
For further details see:
Torex Gold: Further Weakness Should Present A Buying Opportunity