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Torex reports record gold output in Q3'19, flags strong Q4

Torex Gold Resources Inc. reached record quarterly production with third quarter output of 138,100 ounces of gold, a 21% increase over the second quarter.

Production in the year-ago quarter stood at 101,400 gold ounces from its El Limon-Guajes mine in Mexico.

Gold sales in the third quarter totaled 132,500 ounces at an average realized price of US$1,475 per ounce, taking the nine-month sales to 322,400 ounces at US$1,376/oz.

COO Jody Kuzenko said that daily plant throughput increased month over month in the third quarter on the back of improvements in tonnes processed per hour and an increase in equipment availability.

The company said Oct. 3 it expects strong performance in the fourth quarter and is on track to achieve its full-year guidance of 430,000 gold ounces.