Torex Gold (TXG) Financings
TSX: TXG · Gold, Copper, Silver · Production stage
- Market cap$6.83B
- Share price$73.61
- 52-week range$51.40 – $85.00
- Shares outstanding92,765,468
- ExchangeTSX
- Websitetorexgold.com
Torex Gold Resources Inc. is a Canadian mining company engaged in the exploration, development, and production of gold, copper, and silver from its flagship Morelos Complex in Guerrero, Mexico. The Company also owns the Los Reyes gold-silver project in Sinaloa, Mexico and a portfolio of early-stage exploration projects, including Batopilas and Guigui in Chihuahua, Mexico, La Gloria in Sonora, Mexico, and Medicine Springs in Nevada, USA, as well as an option to acquire the Gryphon project in Nevada, USA. The Company's key strategic objectives are: optimize Morelos production and costs; disciplined growth and capital allocation; grow reserves and resources; project delivery excellence; retain and attract best industry talent and other exploration projects; and be an industry leader in responsible mining. In addition to realizing the full potential of the Morelos Property, the Company continues to seek opportunities to acquire assets that enable diversification and deliver value to shareholders.
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Torex Gold financial statements
Key figures read from 39 of 39 financial statement filings, Nov 3, 2016 to Aug 6, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), in millions, figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$119.5 | US$110.2 | US$172.8 | US$376.0 | US$255.7 |
| Short-term investments | — | — | — | — | US$0.0 |
| Total current assets | US$471.2* | US$363.7* | US$405.5* | US$561.9* | US$453.9* |
| Total current liabilities | US$406.6 | US$346.1 | US$281.7 | US$243.3 | US$194.4 |
| Working capital | US$64.6 | US$17.6 | US$123.8 | US$318.6 | US$259.5 |
| Property, plant and equipment | US$2,319.4 | US$1,671.8 | US$1,249.0 | US$931.9 | US$836.1 |
| Total assets | US$3,025.4 | US$2,139.8 | US$1,835.8 | US$1,593.3 | US$1,358.9 |
| Debt | US$27.6 | US$62.9 | — | — | US$0.0 |
| Total liabilities | US$598.8 | US$508.9 | US$340.7 | US$303.2 | US$258.5 |
| Shareholders' equity | US$2,426.6 | US$1,630.9 | US$1,495.1 | US$1,290.1 | US$1,100.4 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
US dollars (US$), in millions, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | US$1,305.6 | US$1,115.5 | US$882.6 | US$868.5 | US$855.8 |
| Cost of sales | US$456.6 | US$424.5 | US$371.5 | US$337.1 | US$304.9 |
| Exploration and evaluation expense | US$35.2 | US$11.3 | US$7.1 | US$8.6 | US$7.2 |
| General and administrative | US$69.5 | US$47.4 | US$24.4 | US$24.1 | US$20.4 |
| Impairments and write-downs | — | — | — | US$0.0 | US$41.2 |
| Net income (loss) | US$403.4 | US$134.6 | US$204.4 | US$188.8 | US$151.7 |
Cash flow statement: annual key figures
US dollars (US$), in millions, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | US$489.0 | US$449.5 | US$300.8 | US$408.1 | US$330.0 |
| Investing cash flow | (US$360.5) | (US$562.7) | (US$498.3) | (US$280.5) | (US$203.7) |
| Financing cash flow | (US$120.6) | US$53.6 | (US$7.9) | (US$7.7) | (US$44.9) |
| Property, plant and equipment spending | (US$354.3) | (US$561.7) | (US$479.5) | (US$277.6) | (US$230.5) |
| Change in cash | US$9.3 | (US$62.6) | (US$203.2) | US$120.3 | US$81.6 |
| Cash at end of period | US$119.5 | US$110.2 | US$172.8 | US$376.0 | US$255.7 |
No financings are on record for Torex Gold yet.
Torex Gold debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Torex Gold has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2023-05-04 | Credit facility, amended | — | C$150M | — |
| 2023-05-04 | Loan, amended | — | C$100M | — |
| 2022-08-18 | Credit facility, amended | — | US$250M | matures 2025 |
| 2021-03-31 | Credit facility, repaid / settled | Bank of Montreal | US$5M | matures 2023-03-30 |
| 2017-07-26 | Credit facility, closed / funded | ING | US$400M | matures 2020-06-30 |
| 2015-06-03 | Credit facility, drawdown | — | US$50M | — |
| 2015-01-29 | Loan, drawdown | — | C$300M | — |
| 2014-08-12 | Credit facility, signed | — | US$300M | — |
| 2014-08-11 | Credit facility, closed / funded | Bank of Montreal (BMO) | US$375M | matures 2022-06-30 |
| 2014-04-16 | Loan, proposed | — | US$375M | — |