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As previously reported, CIBC upgraded Torex Gold Resources (TORXF) to Outperformer from Neutral with a price target of C$58, up from C$42, citing that company’s progress in achieving its “key milestones.” Torex Gold pre-released Q1 production of 59,630 gold equivalent ounces and with Q1 operational results now priced into the shares and “many of the key transitional risks resolved,” investors can instead look forward to the remainder of 2025, which the firm says will be “an important year for Torex Gold.”
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