Torex Gold Resources traded at 61.10 this Friday May 15th, decreasing 5.78 or 8.64 percent since the previous trading session. Looking back, over the last four weeks, Torex Gold Resources lost 4.05 percent. Over the last 12 months, its price rose by 48.34 percent. Looking ahead, we forecast Torex Gold Resources to be priced at 59.83 by the end of this quarter and at 56.17 in one year, according to Trading Economics global macro models projections and analysts expectations.
Torex Gold Resources Inc. is a Canada-based gold resource company. The Company is engaged in the exploration, development and operation of the Morelos Gold property. The Morelos Gold Property is located in the prolific Guerrero Gold Belt in southern Mexico and consists of approximately seven mineral concessions covering a total area of over 29,000 hectares. The Company’s principal assets are the El Limon Guajes (ELG) mine (the ELG Mine) and the Media Luna project (the Media Luna Project). The ELG Mine is an open pit operation with two main pits (the El Limon and Guajes pits). The Company's Media Luna Project is an early stage development project.