Torex Gold Resources, Inc.

Torex Gold Resources, Inc.

Torex Gold Resources, Inc.

Overview
Date Founded

2010

Headquarters

145 KING STREET WEST SUITE 1502 TORONTO A6 M5H 1J8

Type of Company

Public

Employees (Worldwide)

473

Industries

Non-Energy Mining & Minerals
Metal Manufacturing & Products

Company Description

Torex Gold Resources Inc. is a well funded, growth oriented Canadian mining company engaged in the exploration and development of precious metal resources with a focus on gold. It owns 100% of the Morelos Gold Project, an advanced stage gold exploration property, located 180km southwest of Mexico City. The Morelos Gold Project is only a four hour drive from Mexico City on paved roads. It is easily accessible and located near established centres of supply for materials and workers. Power for any mining operation would be available from a 115kV line that crosses over the Project and water for process and potable use could be sourced from nearby springs. The Project's current NI 43-101 mineral resource estimate stands at 4.8 million ounces of gold in the measured and indicated category plus an additional 600,000 ounces of gold in the inferred category. With a management team now in place, 100% ownership of a solid gold project with superb exploration upside and a strong balance sheet, the Company is committed to significantly increasing the current resource base through an aggressive exploration program, while at the same time, advance the Morelos Gold Project into production.

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Executives & Employees

Co-Founder

Director, President & Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

General Counsel & Corporate Secretary

Vice President Corporate Responsibility

Vice President-Investor Relations

Vice President, Human Resources

Vice President, Corporate Development & Investor Relations

Vice President, Automated Mine Design

Board of Directors

Co-Founder at Torex Gold Resources, Inc.

Co-Founder at Torex Gold Resources, Inc.

Former Chief Financial Officer & Vice President at Aber Diamond Corp.

Former Interim President & Chief Executive Officer at Reunion Gold Corp.

Chief Operating Officer at INV Metals, Inc.

Counsel at Bennett Jones LLP

Former Managing Director at Equity Capital Markets Ltd.

Director, President & Chief Executive Officer at Torex Gold Resources, Inc.

Interim Chairman of the Board, President & Chief Executive Officer at Odyssey Resources Ltd.

Paths to Torex Gold Resources, Inc.
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Torex Gold Resources, Inc.
Owners & Shareholders
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Formed in 1985, Tocqueville Asset Management is an entrepreneurial, employee-owned partnership that focuses exclusively on growing and preserving our clients’ long-term capital. We invest alongside our clients and therefore have more than a professional interest in producing results that meet and exceed expectations. We manage investment portfolios with the independent thinking and rigorous research that was the hallmark of Alexis de Tocqueville, the great nineteenth-century chronicler of American democracy. Like our namesake, we resist preconceived notions and constantly test our ideas against the hard realities of the marketplace. We are contrarians who believe that the best investment results over time are achieved outside the mainstream consensus. Our investment process is built around identifying undervalued companies that possess long-term earnings power. In our experience, recognizing value before it is discerned by the market at large is the most certain way to build wealth and mitigate investment risk.

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ASA Gold & Precious Metals (ASA) provides their investors a vehicle through which to invest in a portfolio consisting primarily of the common shares or securities convertible into common shares of companies engaged in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals. They may also invest in instruments representing interests in gold, silver, platinum or other precious minerals such as certificates of deposit and/or in the securities of investment companies including ETFs or other securities that seek to replicate the price movement of gold, silver or platinum bullion. Investments may also be held as bullion or other direct forms of gold, silver, platinum or other precious minerals.

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US Global Investors manages a family of no-load mutual funds that encompass all major asset classes and markets including gold and natural resources, stocks, government money markets, tax-free bonds and emerging markets. The firm's research effort begins with top-down country and sector analysis followed by fundamental analysis. Though not limited by sector, US Global Investors tends to invest in the stocks of companies in the energy minerals, non-energy minerals and industrial services sectors, The firm invests globally, across all market-caps. US Global Investors maintains a high turnover rate.

Recent Transactions
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Torex Gold Resources, Inc. issued CAD Common Stock- Bought Deal

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Torex Gold Resources, Inc. issued CAD Units

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Torex Gold Resources, Inc. issued CAD Units Consisting of Common Stock and Warrants - Bought Deal

Transaction Advisors
Underwriter

Advised onTorex Gold Resources, Inc. issued CAD Units Consisting of Common Stock and Warrants - Bought Deal

Underwriter

Advised onTorex Gold Resources, Inc. issued CAD Units Consisting of Common Stock and Warrants - Bought Deal

Auditor

Advised onTorex Gold Resources, Inc. issued CAD Units Consisting of Common Stock and Warrants - Bought Deal

Associate

Advised onTorex Gold Resources, Inc. issued CAD Units Consisting of Common Stock and Warrants - Bought Deal

Manager

Advised onTorex Gold Resources, Inc. issued CAD Units Consisting of Common Stock and Warrants - Bought Deal

Managing Director

Advised onTorex Gold Resources, Inc. issued CAD Units Consisting of Common Stock and Warrants - Bought Deal

Advisors & Consultants
Advisor

President, Chief Executive Officer & Director at Orla Mining Ltd.

Key Stats and Financials As of 2019
Market Capitalization
$1.22B
Total Enterprise Value
$1.78B
Earnings Per Share
$1.11
Revenue
$850M
Net Profit
$94.5M
EBITDA
$441M
EBITDAMargin
51.86%
Total Debt
$227M
Total Equity
$1.08B
Enterprise Value Sales
2.09x
Enterprise Value EBITDAOperating
4.03x
TEVNet Income
18.81x
Debt TEV
0.13x
Three Year Compounded Annual Growth Rate Of Revenue
27.11%
Suppliers
Government of Mexico Holding Companies | Mexico City, Mexico

The Federal Government of Mexico is the national government of the state of Mexico. The government is a constitutional democracy and is based on a congressional system, whereby the President of Mexico is both head of state and head of government. Like many modern democracies, the Federal Government of Mexico consists of an executive, legislative and judicial branch. The Mexican state is governed under the constitution of 1917 and was adopted as a result of the Mexican revolution. The president of Mexico serves a six year term and is directly elected by the people. The bi-cameral legislature, known as the Congress of the Union, consists of 500 members and serves a 3 year term. Mexico is a federal state and consists of 31 states.

Boart Longyear Ltd. Oil & Gas | South Jordan, UT

Boart Longyear™ is headquartered in Salt Lake City, Utah and publicly listed on the ASX (Australian Securities Exchange) in Australia. Regional offices and operations are located in Asia Pacific, North and South America, Europe and Africa. Boart Longyear is a trusted partner and global leader in providing world-class drilling services and products to the global mining industry. The company also services industries in water exploration, environmental sampling, energy, and oil sands exploration. The Company has a unique ability to manufacture and deliver a variety of tooling, equipment and expertise direct to customers around the world. Boart Longyear conducts contract drilling services in more than 40 countries, and provides mining products to customers in over 100 countries.

Major Drilling Group International, Inc. Oil & Gas | Moncton, Canada

Major Drilling Group International Inc. is one of the world’s largest drilling service companies primarily serving the mining industry. To support our customers’ varied exploration drilling requirements, we maintain field operations and offices in Canada, the United States, South and Central America, Australia, Asia and Africa. Major Drilling provides all types of drilling services including surface and underground coring, directional, reverse circulation, multi-purpose, grade control, sonic, geotechnical, environmental, water-well and coal-bed methane and shallow gas. Over the years, we have positioned ourselves as one of the largest specialized operators in the world by leveraging our main competitive advantages: specialized equipment, long standing relationships with the world’s largest mining companies, access to capital and skilled personnel. This positioning is strengthened with our senior management who have experienced several economic and mining industry cycles. During the last several years, we have achieved strong growth while remaining focused on the long-term objective of building a solid company for the future.

Competitors
Agnico Eagle Mines Ltd. Non-Energy Mining & Minerals - Toronto, Canada

Agnico Eagle Mines Ltd. engages in the exploration and production of gold. It operates through the following segments: Northern Business, Southern Business, and Exploration. The Northern Business segment comprises of LaRonde mine, LaRonde Zone 5 mine, Lapa mine, Goldex mine, Meadowbank mine including the Amaruq deposit, Canadian Malartic joint operation, Meliadine project and Kittila mine. The Southern Business segment consists of Pinos Altos mine, Creston Mascota mine, and La India mine. The Exploration segment represents the exploration offices in the United States, Europe, Canada, and Latin America. The company was founded by Paul Penna in 1957 and is headquartered in Toronto, Canada.

Equinox Gold Corp. Non-Energy Mining & Minerals - Vancouver, Canada

Equinox Gold Corp. engages in the exploration of gold mining properties. Its projects include mesquite gold mine, aurizona gold mine, castle mountain, and copper projects. The company was founded by Marc Pais on March 23, 2007 and is headquartered in Vancouver, Canada.

Osisko Gold Royalties Ltd. Non-Energy Mining & Minerals - Montréal, Canada

Osisko Gold Royalties Ltd. operates as an intermediate metal company, which engages in mining and exploration. Its assets portfolio includes Malartic, Windfall and Éléonore royalties. The company was founded on April 29, 2014 and is headquartered in Montreal, Canada.

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