The miner sets a quarterly cash payout of CAD 0.16, reflecting stable free cash flow amid gold price resilience.
Torex Gold Resources declared a CAD 0.16 per share dividend for the quarter, unchanged from the prior period. The payout reflects sustained free cash flow generation as gold prices hover near multi-year highs above USD 2,300 an ounce.
The company last paid CAD 0.16 in February, matching consensus estimates. Torex produced 130,000 ounces in Q1, aligning with its 2024 guidance of 500,000–540,000 ounces. Analysts note the dividend maintains a ~3% yield at current share prices.
Shares of TXG traded flat in Toronto following the announcement, as investors await Q2 production data due next month.