The miner exceeded revenue expectations by $9.32M and reaffirmed its full-year production targets.
Torex Gold reported second-quarter non-GAAP earnings per share of $2.08 and revenue of $539.3M, surpassing estimates by $9.32M. The results reflect strong operational performance and higher gold prices during the period.
Analysts had anticipated revenue closer to $530M, while the prior-year quarter saw revenue of $487.2M. The company also maintained its annual production guidance, signaling confidence in ongoing operations.
Shares showed limited movement in after-hours trading as investors digested the results.