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Torex Gold Resources Inc. is a well funded, growth oriented Canadian mining company engaged in the exploration and development of precious metal resources with a focus on gold.

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Message: Torex Gold Resources Releases Q4 Results - Shares Near 52-Wk High

 

 

 

2017-02-23 09:29:00 AM ET (MT Newswires)
   
   

09:29 AM EST02/23/2017 (MT Newswires) -- Torex Gold has released its Q4 AND FY 2016 earnings. The company started commercial gold production in April 2016.

The company's fourth-quarter net income was $10.7 million and full-year net income was $3.2 million. Q4 adjusted net earnings were $4.3 million or $0.64 per basic share. FY adjusted net earnings totalled $51.1 million, or $0.65 per share on a basic and $0.64 per share on a diluted basis.

Q4 2016 revenues were $102.3 million, FY revenues were $312.5 million.

FY gold sold totalled 275,613 ounces in 2016 for total proceeds of $347.2 million. Q4 gold sales totalled 83,259 ounces for total proceeds of $102.6 million. The average realized gold price in the fourth quarter of 2016 was $1,232 per ounce.

Gold production totalled 279,937 ounces in 2016, and 80,955 in the fourth quarter of 2016. All-in sustaining costs were $746 per ounce in Q4. Note all amounts above in USD.

Torex shares last traded at $30.50, at the top-end of their 52-week range of $2.35 - $35.17.

Price: 30.50, Change: 0, Percent Change: 0

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