David Fennell - Torex Gold Independent Director

TXG Stock  CAD 20.45  0.55  2.76%   

Director

Mr. David A. Fennell is a Independent Director of Torex Gold Resources Inc. Mr. Fennell is a mining executive with over 30 years of experience in the mining industry and has held directorships and senior executive positions in several TSX and TSXV listed mining companies, including Golden Star Resources Ltd which he founded in 1983 and during his term as President and CEO, Golden Star became a TSE 300 company. Prior to February 2017, Mr. Fennell served as the Executive Chairman and Interim President and CEO of each of Reunion Gold Corporation and Odyssey Resources Limited and the Executive Chairman of Highland Gold Company Inc. Mr. Fennell currently serves as the Chairman of Odyssey Resources Limited, the Chairman of Reunion Gold Corporationrationration, of which he also serves as a member of the safety, health and environment committee, and the Chairman of Highland Copper Company Inc. He is also a director of Major Drilling Group International Inc., of which he is a chair of the safety, health and environment committee and a member of the governance committee and a director of Sabina Gold and Silver, of which he is a member of the safety, health and environment committee and a member of the compensation committee since 2009.
Age 66
Tenure 15 years
Address Exchange Tower, Toronto, ON, Canada, M5X 2A2
Phone647-260-1500
Webhttps://torexgold.com
Fennell obtained a Bachelor of Arts from the University of North Dakota, then graduated from the University of Alberta with a Bachelor of Laws and practiced corporate and resource law for a number of years.

Torex Gold Management Efficiency

The company has return on total asset (ROA) of 0.0753 % which means that it generated a profit of $0.0753 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1237 %, meaning that it generated $0.1237 on every $100 dollars invested by stockholders. Torex Gold's management efficiency ratios could be used to measure how well Torex Gold manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Torex Gold's Return On Tangible Assets are very stable compared to the past year. As of the 15th of May 2024, Return On Assets is likely to grow to 0.12, while Return On Capital Employed is likely to drop 0.14. At this time, Torex Gold's Net Current Asset Value is very stable compared to the past year. As of the 15th of May 2024, Tangible Asset Value is likely to grow to about 255.2 K, while Net Tangible Assets are likely to drop about 900.8 M.
The company has accumulated 32 M in total debt with debt to equity ratio (D/E) of 0.18, which may suggest the company is not taking enough advantage from borrowing. Torex Gold Resources has a current ratio of 1.91, which is within standard range for the sector. Debt can assist Torex Gold until it has trouble settling it off, either with new capital or with free cash flow. So, Torex Gold's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Torex Gold Resources sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Torex to invest in growth at high rates of return. When we think about Torex Gold's use of debt, we should always consider it together with cash and equity.
Torex Gold Resources Inc. engages in the exploration, development, and operation of mineral properties in Mexico. Torex Gold Resources Inc. was founded in 1980 and is headquartered in Toronto, Canada. TOREX GOLD operates under Gold classification in Canada and is traded on Toronto Stock Exchange. Torex Gold Resources (TXG) is traded on Toronto Exchange in Canada and employs 32 people. Torex Gold is listed under Metals & Mining category by Fama And French industry classification.

Management Performance

Torex Gold Resources Leadership Team

Elected by the shareholders, the Torex Gold's board of directors comprises two types of representatives: Torex Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Torex. The board's role is to monitor Torex Gold's management team and ensure that shareholders' interests are well served. Torex Gold's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Torex Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
Angela Robson, ESG Resources
David Fennell, Independent Director
Richard Howes, Lead Independent Director
Franklin Davis, Independent Director
Rick Howes, Lead Independent Director
E Murphy, Vice President - Engineering
Andrew Adams, Independent Director
Steven Thomas, Chief Financial Officer
Jody LLB, President CEO
Frederick Stanford, President, Chief Executive Officer, Director
Elizabeth Wademan, Independent Director
Jonathan Gilligan, Vice President - Automated Mine Design
LLB LLB, Gen Sec
Eric Murphy, VP Engineering
WMichael Murphy, Independent Director
Dave PEng, Executive Projects
Jody Kuzenko, President, Chief Executive Officer, Director
Mary LLB, General Secretary
Mary Batoff, General Counsel, Corporate Secretary
Anne Stephen, Vice President - Human Resources
Dawson Proudfoot, Vice President - Engineering
Daniel CFA, Senior Relations
Robin Bienenstock, Independent Director
Daniel Rollins, Vice President - Corporate Development and Investor Relations
Faysal Rodriguez, Senior Mexico
Dany Vaiman, Co Controller
James Crombie, Independent Director
Roy Slack, Independent Director
H Loyer, Vice President - Projects
William Shaver, Independent Director
A MacGibbon, Independent Chairman of the Board
Mark Thorpe, Vice President - Corporate Social Responsibility

Torex Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Torex Gold a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Torex Gold in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Torex Gold's short interest history, or implied volatility extrapolated from Torex Gold options trading.

Currently Active Assets on Macroaxis

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Torex Gold Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Note that the Torex Gold Resources information on this page should be used as a complementary analysis to other Torex Gold's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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Please note, there is a significant difference between Torex Gold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Torex Gold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Torex Gold's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.