UPDATE: Torex Gold Sinks to Deeper Loss in Q4 2012, Yet Shares Edge Up 1%

By Midnight Trader,  December 07, 2012, 09:47:37 AM EDT

Torex Gold Resources Inc. (TXG.TO) reported fourth quarter 2012 net loss of $17.2 million, compared with a net loss of $9.6 million in the same period last year.

At October 31, 2012, the company had $642.5 million in assets including $423.3 million of cash and had a working capital balance of $418.1 million compared with $249.9 million in assets including $36.2 million of cash and a working capital balance of $36.3 million as at October 31, 2011.

TXG edged up by 1% to $2.08 despite the announcement, moving closer to year high $2.43.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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