The Globe and Mail reports in its Friday, June 6, edition that Desjardins Securities analyst Allison Carson has reiterated her "buy" recommendation and $60 share target for Torex Gold Resources. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $54.46. Ms. Carson says she is confident on the company's management, as the Media Luna underground mine ramps up early, anticipating that key milestones, including construction completion and returning to free-cash-flow positive, will be achieved by midyear. Ms. Carson says in a note: "Stope development for 2025 is complete and many stopes planned for 2026 and 2027 have been developed. A limited amount of construction at Media Luna remains, with completion expected in July. Once construction is complete, mining rates are expected to ramp up. Torex Gold Resources expects to achieve mining rates of 7,500 tons per day by mid-2026, with current mining rates at 5,000tpd. Commissioning of the paste plant remains on schedule to be completed in 2Q25, which will further support a ramp-up in mining. Cost optimization a key focus with AISC expected to peak in 2Q25."