The Canadian Torex Gold Resources (TSX TXG / WKN A2AMAJ) plans for the current year gold production of 430,000 to 470,000 ounces of gold. The mean value of this range is above the 430,480 ounces of the yellow metal that Torex mined in 2020 – including interruptions due to COVID19.
The middle of the now published forecast range roughly coincides with the original production forecast for 2020 as well as the 2019 output, which was 454,810 ounces of gold.
Torex assumes that both the cash costs and the so-called “all-in sustaining cash costs” will be at the level of last year. According to President and CEO Jody Kuzenko, another strong cash flow is expected in 2021.
The medium-sized gold producer operates the 100% owned gold property Morelos around 180 kilometers southwest of Mexico.
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