Torex Gold Resou Stock Price, News & Analysis

Torex Gold (TSX: TXG) reported Q2 2025 production results, achieving 82,856 gold equivalent ounces (AuEq) in payable production and 76,922 oz AuEq sold. Year-to-date production reached 142,486 oz AuEq, leading the company to target the lower end of its annual guidance of 400,000-450,000 oz AuEq.

The quarter marked a transition period following commercial production declaration at Media Luna on May 1st. Despite facing a 10-day downtime due to a capacitor failure in late May, June operations showed strong performance with over 37,000 AuEq ounces produced and plant throughput exceeding 11,100 tonnes per day. Media Luna mining rates reached 5,300 tpd in June, with expectations to achieve the designed rate of 7,500 tpd by mid-2026.

The company returned to positive free cash flow in June and expects consistent positive cash flow from Q3 2025 onward.

Torex Gold Resources has announced a definitive agreement to acquire Reyna Silver Corp. for approximately US$26 million (CA$36 million) in an all-cash transaction at $0.13 per share. The acquisition provides Torex with access to early-stage exploration projects in Mexico and Nevada, including the Batopilas and Guigui projects in Chihuahua, Mexico, and options on the Gryphon Summit and Medicine Springs projects in Nevada. The transaction requires approval from 66⅔% of Reyna Silver shareholders and regulatory approvals, with closing expected in August 2025. Torex has also agreed to invest CA$1.1 million in Reyna Silver through a private placement. The deal aligns with Torex's strategy to become a diversified, Americas-focused precious metals producer and has received support from Reyna Silver's management and Board of Directors, who collectively hold 7.7% of outstanding shares.

Torex Gold Resources (TSX: TXG) held its 2025 annual and special meeting of shareholders virtually on June 18, 2025. All director nominees were successfully elected with strong shareholder support, with approval rates ranging from 98.77% to 99.94%. KPMG LLP was reappointed as auditor with 98.56% approval. Shareholders approved the unallocated share units under the Employee Share Unit Plan (95.57% in favor) and the Restricted Share Plan (92.73% in favor), both authorized until 2028. The non-binding advisory resolution on executive compensation ('Say on Pay') passed with 97.41% support.

Torex Gold Resources (TORXF) has released its 2024 Responsible Gold Mining Report, highlighting its ESG performance as Mexico's largest gold producer. The report, titled 'Building from Strength,' marks the company's tenth annual disclosure. Key achievements include full conformance with World Gold Council Responsible Gold Mining Principles and International Cyanide Management Code, zero reportable environmental incidents, and strong local engagement with 99% Mexican employees. The company invested $3.5 million in community development projects and maintained 92% of its $929 million procurement expenditure within Mexico. However, 2024 was marked by tragedy with four workplace fatalities. Environmental metrics show 58% water recycling and 60% non-mineral waste recycling rates. The report aligns with GRI Standards, SASB Mining Standards, and TCFD recommendations.

Torex Gold Resources (TSX: TXG) has announced an amendment to its restricted share unit (RSU) plan that will be presented to shareholders at the annual meeting on June 18, 2025. The amendment adds "amend this Section 5.02" as a new subsection (d) to explicitly restrict the board from modifying the amendment section of the RSU Plan. This change addresses concerns from a proxy advisory firm about potential future changes to Toronto Stock Exchange rules. The RSU Amendment requires shareholder approval at the upcoming meeting and will be included in the resolution to approve unallocated share units under the RSU Plan. Shareholders can find additional information in the management information circular dated May 7, 2025, available on SEDAR+ and the company's website.

Torex Gold (TORXF) has reported positive drilling results from its ELG Underground program, highlighting the deposit's continued high-grade mineralization potential. The company's 2025 drilling program, with a $12 million budget, aims to extend mine life and sustain production above 450,000 gold equivalent ounces beyond 2030. Notable results include intercepts of 12.18 gpt AuEq over 26.4m at El Limón Sur Trend and 8.98 gpt AuEq over 35.8m at El Limón West Trend. The program has expanded to 48,000 metres of drilling for 2025, nearly double compared to 2024, with a 50% increased budget. Drilling focuses on four main areas: El Limón Sur, El Limón Deep, El Limón West, and Sub-Sill trends, with multiple high-grade intercepts indicating potential resource expansion.

Torex Gold (TORXF) reported Q1 2025 financial results, marking significant milestones including the completion of processing plant tie-ins and first concentrate production at Media Luna. The company achieved gold equivalent production of 59,630 oz with sales of 60,568 oz at a record quarterly average price of $2,793/oz. Revenue reached $170.0 million with net income of $39.0 million ($0.45 per share). All-in sustaining costs were $1,405 per oz, with a 50% margin. The company drew $130 million from its credit facility due to tax payments and final Media Luna capital spending. Commercial production was declared at Media Luna on April 26, 2025. Despite lower Q1 production due to planned shutdowns, Torex maintains its full-year guidance of 400,000-450,000 oz AuEq and expects improved performance in upcoming quarters. The company's exploration program showed promising results at Media Luna West and East, supporting production of at least 450,000 oz AuEq through 2030.

Torex Gold (TORXF) has achieved commercial production at its Media Luna mine, marking a significant transition to become both a gold and copper producer. The project is 98% complete as of Q1 2025, with construction substantially finished within budget and schedule. Key achievements include the commissioning of the Guajes Tunnel conveyor, completion of 83 tie-ins, and first concentrate production on March 24th. Underground development is ahead of schedule with 51 of 60 planned stopes drilled for 2025. The company expects to reach the design capacity of 7,500 tonnes per day by mid-2026, six months ahead of the Feasibility Study timeline. The project was primarily funded through cash from existing operations, with minimal net debt that is expected to be repaid by mid-2025 when positive free cash flow generation begins.

Torex Gold Resources (TSX: TXG) reported Q1 2025 gold equivalent (AuEq) payable production of 59,630 ounces and AuEq sold of 60,568 oz, aligning with their annual guidance of 400,000 to 450,000 oz AuEq.

The quarter marked significant milestones including successful flotation circuits tie-in to the processing plant, Guajes Tunnel conveyor commissioning, and first production of precious metal rich copper concentrate. Production was lighter due to a four-week tie-in period starting February 18th.

Key operational metrics include:

• Media Luna Underground mining rates averaging 4,096 tpd in April
• ELG Underground achieving 2,074 tpd
• Overall ore processing rate of 7,829 tpd
• Gold recovery rate of 90.4%

The company expects to achieve commercial production in the coming weeks and remains on track for its guided production range, forecasting material improvement in Q2 and modest uptick in the latter half of the year.