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National Bank of Canada Maintains Torex Gold Resources at Outperform

BY MT Newswires | ECONOMIC | 10/06/25 11:51 AM EDT

11:51 AM EDT, 10/06/2025 (MT Newswires) -- National Bank of Canada Monday maintained Torex Gold Resources (TORXF) 's outperform rating and $75 price target.

Torex recently announced drill highlights from extension drilling at El Limon Guajes underground mine in Mexico, focused around the El Limon Sur and Sub-Sill trends.

Results include 12.37 grams per tonne gold equivalent over 11.1 meters, and 28.13 g/t gold equivalent over 21.2 meters.

The bank said the results demonstrate the underlying resource potential of the ELG deposit, with potential to expand and upgrade resources with the year-end 2025 resource estimate.

Torex's share price jumped 7% at last look to $63.3 on the Toronto Stock Exchange.

Price: 63.81, Change: +4.66, Percent Change: +7.88

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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