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Production / Operations

Torex Gold Reports Strong Q3 2025 Production from Morelos

By The Northwire Desk — AI Analysis Oct 09, 2025 · 07:01 TXG · 63.03 Torex Gold Resources Inc.
TXG · Price

Executive Summary

  • Torex Gold reported Q3 2025 payable gold‑equivalent production of 119,034 oz, with AuEq sold of 118,082 oz.
  • Year‑to‑date payable production reached 261,520 oz AuEq, positioning the company on track to meet the low end of its annual guidance (400,000–450,000 oz AuEq).
  • Media Luna mine ramp‑up is ahead of schedule, with mining rates already above the targeted 6,000 tpd and plans to reach 7,500 tpd by mid‑2026.

Key Details

  • Q3 2025 Production (Payable):
  • Gold: 95,058 oz
  • Silver: 485.2 koz
  • Copper: 14.0 mlb

  • Total AuEq: 119,034 oz

  • Q3 2025 Sales (Payable):

  • Gold: 94,626 oz
  • Silver: 470.7 koz
  • Copper: 13.7 mlb

  • Total AuEq sold: 118,082 oz

  • Year‑to‑Date Production (Payable): 261,520 oz AuEq (based on average market prices).

  • Operational Metrics – Preliminary Table:

  • ELG Open Pit ore mined: 835 tpd; waste mined: 1,896 tpd.
  • ELG Underground ore mined: 2,958 tpd.
  • Media Luna Underground ore mined: 6,146 tpd (no waste reported).

  • Morelos Complex processing capacity: 11,304 tpd.

  • Grades & Recoveries (Processed Material):

  • Gold grade: 3.07 g/t; recovery 92.1%
  • Silver grade: 22.8 g/t; recovery 69.7%

  • Copper grade: 0.68%; recovery 93.7%

  • Media Luna Ramp‑Up: Mining rates already exceed the targeted 6,000 tpd; final ore pass scheduled for completion by year‑end 2025; design rate of 7,500 tpd expected by mid‑2026.

  • Processing Plant Performance: Throughput exceeded design rate of 10,600 tpd; gold recovery slightly above 90%; copper recovery slightly above 92%. No major maintenance shutdowns in the quarter.

  • Future Outlook: Management expects strong free cash flow generation from sustained production, improved cost profile, and record metal prices.

  • Conference Call/Webcast: Results to be released after market close on 2025‑11‑05; call/webcast scheduled for 2025‑11‑06 at 9:00 AM ET (dial‑in numbers provided).

Notable Quotes

“Our operational performance at Morelos was exceptional during the third quarter… Media Luna ramping up ahead of plan, ELG Underground delivering solid results, and the upgraded processing plant exceeding expectations, we are well positioned to close out 2025 on a strong note…” – Jody Kuzenko, President & CEO

All amounts expressed in U.S. dollars unless otherwise stated.

Read the original news release →

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Production / Operations