Torex Gold Restarts Drilling at Los Reyes Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 28 2026
0mins
Source: Yahoo Finance
- Drilling Program Restart: Torex Gold has restarted drilling at the Los Reyes project in Sinaloa, Mexico, planning to drill approximately 20,000 meters in 2026, aimed at de-risking and upgrading mineral resources while supporting future economic studies.
- Investment Scale: The company expects to invest about $18 million in the Los Reyes project in 2026, with the majority allocated to exploration and drilling, and the remainder earmarked for completing the preliminary economic assessment (PEA) and commencing feasibility studies, reflecting strong confidence in the project.
- Community Engagement: Torex has established long-term agreements with local communities and engaged with key stakeholders in state and federal governments to secure permits for the 2026 drilling program, demonstrating a commitment to social responsibility and compliance in project advancement.
- Strategic Objectives: Torex's strategic goals include optimizing production and costs at Morelos, driving resource growth, and becoming an industry leader in responsible mining, with the success of the Los Reyes project expected to create significant value for shareholders.
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Analyst Views on TXG
Wall Street analysts forecast TXG stock price to fall
10 Analyst Rating
4 Buy
6 Hold
0 Sell
Moderate Buy
Current: 32.130
Low
9.00
Averages
13.00
High
18.00
Current: 32.130
Low
9.00
Averages
13.00
High
18.00
About TXG
10x Genomics, Inc. is a life science technology company. The Company's integrated solutions include instruments, consumables and software for single cell and spatial biology systems. Its single cell portfolio, powered by Chromium platform, includes its Chromium X Series, Chromium Connect and legacy Chromium Controller instruments, microfluidic chips and related consumables, which enables throughput analysis of individual biological components. Its Visium platform enables researchers to understand the spatial positions of biological analytes within tissues at high resolution. Its Xenium platform for in situ analysis is designed to give scientists the ability to not only locate and type cells in their tissue context. Its products include Chromium Single Cell Gene Expression, Chromium Single Cell Gene Expression Flex, Chromium Single Cell Immune Profiling, Chromium Single Cell assay for transposase accessible chromatin (ATAC), Visium Spatial Gene Expression, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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