23

Torex Gold Resources (TXG-T)

ON STOCKCHASE SINCE Sep 2011

precious metals

Torex Gold Resources
TXG-T

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Signal	Opinion	Expert
PARTIAL BUY	Torex Gold Resources(TXG-T) March 22, 2019 Once it got above $12, it started basing. And now it's started to turn up. Big move up to $17. Market will be interested around the $20 level, so it may go sideways there. If you don't have gold, this wouldn't be the first place to start, but you could pick up 1% or less than a 5% position. precious metals 0 0 0 0 0 0 comments	Once it got above $12, it started basing. And now it's started to turn up. Big move up to $17. Market will be interested around the $20 level, so it may go sideways there. If you don't have gold, this wouldn't be the first place to start, but you could pick up 1% or less than a 5% position. precious metals 0 0 0 0 0 0 comments Hap (Robert) Sn Chief Port, Castlemoore Inc.... Price $17.490 Owned Unknown

TOP PICK	Torex Gold Resources(TXG-T) March 4, 2019 Gold producer in Mexico. They have a good production level at low cost. There is good exploration upside. (Analysts’ price target is $17.98) precious metals 0 0 0 0 0 0 comments	Gold producer in Mexico. They have a good production level at low cost. There is good exploration upside. (Analysts’ price target is $17.98) precious metals 0 0 0 0 0 0 comments Jon Case Portfolio , Sentry Investments... Price $15.420 Owned Yes
COMMENT	Torex Gold Resources(TXG-T) April 3, 2018 Some of their Mexico properties have geo-politcal risk, though he likes Mexico as a whole to mine. They have cash and are getting this Mexico mine into production. They just had an EPS miss. This could be a buying opportunity. precious metals 0 0 0 0 0 0 comments	Some of their Mexico properties have geo-politcal risk, though he likes Mexico as a whole to mine. They have cash and are getting this Mexico mine into production. They just had an EPS miss. This could be a buying opportunity. precious metals 0 0 0 0 0 0 comments Jaime Carrasco Portfolio , Canaccord Genuity... Price $8.220 Owned No
DON'T BUY	Torex Gold Resources(TXG-T) March 6, 2018 Great deposit. Had some start-up issues but solved them. Issues now with safety and work blockages in Guerrero, Mexico, which is a tough place. Things they can't control are killing them. precious metals 0 0 0 0 0 0 comments	Great deposit. Had some start-up issues but solved them. Issues now with safety and work blockages in Guerrero, Mexico, which is a tough place. Things they can't control are killing them. precious metals 0 0 0 0 0 0 comments Joe Mazumdar Editor & A, Exploration Insights... Price $9.720 Owned Unknown
WEAK BUY	Torex Gold Resources(TXG-T) March 5, 2018 He loves their asset. Open pit in Mexico. It is extremely cheap on a valuation basis. Striking workers blocked the entrance to the mine, shutting it down. They have quite a bit of debt. You want to manage your risk by having it as part of a larger basket of these equities. precious metals 0 0 0 0 0 0 comments	He loves their asset. Open pit in Mexico. It is extremely cheap on a valuation basis. Striking workers blocked the entrance to the mine, shutting it down. They have quite a bit of debt. You want to manage your risk by having it as part of a larger basket of these equities. precious metals 0 0 0 0 0 0 comments Jon Case Portfolio , Sentry Investments... Price $9.350 Owned Unknown
PAST TOP PICK	Torex Gold Resources(TXG-T) August 17, 2017 (Top Pick Jul 12/16, Down 22.42%) They are in Mexico and are a low cost producer. They have higher grade material they have discovered that won’t come on stream for a couple of quarters. They showed an earnings miss a couple of quarters ago and it makes this a great entry point. This is his only gold holding. precious metals 0 0 0 0 0 0 comments	(Top Pick Jul 12/16, Down 22.42%) They are in Mexico and are a low cost producer. They have higher grade material they have discovered that won’t come on stream for a couple of quarters. They showed an earnings miss a couple of quarters ago and it makes this a great entry point. This is his only gold holding. precious metals 0 0 0 0 0 0 comments Bruce Campbell President, Campbell and Lee Inv... Price $19.220 Owned Yes
COMMENT	Torex Gold Resources(TXG-T) August 11, 2016 With this, you expose yourself to certain risks, but you are exposing yourself to a very big system. precious metals 0 0 0 0 0 0 comments	With this, you expose yourself to certain risks, but you are exposing yourself to a very big system. precious metals 0 0 0 0 0 0 comments Rick Rule Pres. & C, Sprott USA... Price $29.620 Owned No
COMMENT	Torex Gold Resources(TXG-T) August 2, 2016 He tends not to buy a company that is building a mine, but he bought this one because they were close enough to the end and he didn’t expect any CapX surprises. This has a great little asset, a nice simple operation. A low cost operation which generates very strong margins in this kind of environment. precious metals 0 0 0 0 0 0 comments	He tends not to buy a company that is building a mine, but he bought this one because they were close enough to the end and he didn’t expect any CapX surprises. This has a great little asset, a nice simple operation. A low cost operation which generates very strong margins in this kind of environment. precious metals 0 0 0 0 0 0 comments Dennis da Silva Managing D, Middlefield Capital ... Price $26.820 Owned Yes
TOP PICK	Torex Gold Resources(TXG-T) July 26, 2016 A new emerging gold producer in Mexico. Trading at 7X cash flow and 1.1X NAV. Those are bottom end of the range multiples, and he expects that to re-rate as they develop their mine, which is ramping up right now. precious metals 0 0 0 0 0 0 comments	A new emerging gold producer in Mexico. Trading at 7X cash flow and 1.1X NAV. Those are bottom end of the range multiples, and he expects that to re-rate as they develop their mine, which is ramping up right now. precious metals 0 0 0 0 0 0 comments Jon Case Portfolio , Sentry Investments... Price $24.960 Owned Yes
TOP PICK	Torex Gold Resources(TXG-T) July 12, 2016 If looking to get into gold, this is a problem because everything has moved a fair bit. This company just declared commercial production at the ELG mine in Mexico. It is roughly 200,000 ounces at a cost of about $5.35. It goes to 350,000 ounces next year and the costs go down. It is the re-rating that he finds really attractive. Although it was moving up, it was lagging the group. It also did a 1 for 10 consolidation last week, which makes it more institutional. Thinks this could see $35 in one year. precious metals 0 0 0 0 0 0 comments	If looking to get into gold, this is a problem because everything has moved a fair bit. This company just declared commercial production at the ELG mine in Mexico. It is roughly 200,000 ounces at a cost of about $5.35. It goes to 350,000 ounces next year and the costs go down. It is the re-rating that he finds really attractive. Although it was moving up, it was lagging the group. It also did a 1 for 10 consolidation last week, which makes it more institutional. Thinks this could see $35 in one year. precious metals 0 0 0 0 0 0 comments Bruce Campbell President, Campbell and Lee Inv... Price $24.620 Owned Yes
COMMENT	Torex Gold Resources(TXG-T) June 27, 2016 Recently announced a 10 for 1 consolidation. This is simply a way of getting the share price higher than what it was. This is a way of attracting long-term institutional investors. precious metals 0 0 0 0 0 0 comments	Recently announced a 10 for 1 consolidation. This is simply a way of getting the share price higher than what it was. This is a way of attracting long-term institutional investors. precious metals 0 0 0 0 0 0 comments Peter Brieger Chairman &, GlobeInvestment Capi... Price $2.200 Owned No
COMMENT	Torex Gold Resources(TXG-T) May 31, 2016 A new gold producer with a brand-new mine in Mexico. He is impressed that they are ahead of schedule. A nice simple operation and should do about 300,000 ounces this year, so free cash flow positive. Their goal is to be 400,000 ounces next year. Recently added to his holdings. precious metals 0 0 0 0 0 0 comments	A new gold producer with a brand-new mine in Mexico. He is impressed that they are ahead of schedule. A nice simple operation and should do about 300,000 ounces this year, so free cash flow positive. Their goal is to be 400,000 ounces next year. Recently added to his holdings. precious metals 0 0 0 0 0 0 comments Dennis da Silva Managing D, Middlefield Capital ... Price $1.890 Owned Yes
COMMENT	Torex Gold Resources(TXG-T) May 30, 2014 Have the development asset, Morales in Mexico, which is a big deposit. Ultimately thinks it will trade at a premium. Right now they are in the midst of developing it. Have raised enough capital that they think they can get into production without having to go back to market, which is good. However, there is going to be a long time line between now and how long it will take for that asset to ultimately deliver cash. You probably have a 12-18 months time horizon where he doesn’t expect the share price to do much. This is typically why he avoids the development stage. precious metals 0 0 0 0 0 0 comments	Have the development asset, Morales in Mexico, which is a big deposit. Ultimately thinks it will trade at a premium. Right now they are in the midst of developing it. Have raised enough capital that they think they can get into production without having to go back to market, which is good. However, there is going to be a long time line between now and how long it will take for that asset to ultimately deliver cash. You probably have a 12-18 months time horizon where he doesn’t expect the share price to do much. This is typically why he avoids the development stage. precious metals 0 0 0 0 0 0 comments Jon Case Portfolio , Sentry Investments... Price $1.220 Owned No
TOP PICK	Torex Gold Resources(TXG-T) March 25, 2014 Going to have a mine with an enterprise value of about $1 billion when all is said and done. Will be producing about 358,000 ounces of gold and that is a lot of cash flow and earnings that come from that. Good jurisdiction and good location. precious metals 0 0 0 0 0 0 comments	Going to have a mine with an enterprise value of about $1 billion when all is said and done. Will be producing about 358,000 ounces of gold and that is a lot of cash flow and earnings that come from that. Good jurisdiction and good location. precious metals 0 0 0 0 0 0 comments Charles Oliver, Senior Por, Sprott Asset Managem... Price $1.070 Owned Yes
BUY	Torex Gold Resources(TXG-T) March 4, 2014 Mexico. A difficult environment. Good grade. Does not see them as a takeout candidate because of the cost to build it. Assuming you are positive on gold it is one worth holding. precious metals 0 0 0 0 0 0 comments	Mexico. A difficult environment. Good grade. Does not see them as a takeout candidate because of the cost to build it. Assuming you are positive on gold it is one worth holding. precious metals 0 0 0 0 0 0 comments Brent Cook Exploratio, Exploration Insights... Price $1.230 Owned Unknown

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