Torex Gold Resources Second Quarter 2024 Earnings: EPS: US$0.022 (vs US$0.88 in 2Q 2023)

Torex Gold Resources (TSE:TXG) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$270.3m (up 28% from 2Q 2023).
• Net income: US$1.90m (down 98% from 2Q 2023).
• Profit margin: 0.7% (down from 36% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.022 (down from US$0.88 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Torex Gold Resources Earnings Insights

Looking ahead, revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 13%.

Performance of the Canadian Metals and Mining industry.

The company's shares are down 3.3% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Torex Gold Resources (1 doesn't sit too well with us!) that you need to be mindful of.

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