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Torex Gold Resources Inc. reports operating, exploration and capital-allocation developments for a Canadian mining company producing gold, copper and silver from the Morelos Complex in Guerrero, Mexico. Recurring updates cover production and financial results, Media Luna and ELG Underground performance, drilling results, mineral reserves and resources, and safety performance across the mining operation.
The company also reports on the Los Reyes gold-silver project in Sinaloa, early-stage exploration properties in Mexico and Nevada, dividends, share repurchases, debt repayment, board matters and executive succession planning.
Torex Gold (OTCQX: TORXF) has restarted drilling at its Los Reyes Project in Sinaloa, Mexico. The 2026 program targets upgrading mineral resources along three main areas (Guadalupe, Z-T, Central) and supporting engineering work for pre-feasibility and feasibility studies.
Torex plans to drill approximately 20,000 metres and invest about $18 million in 2026, mainly for exploration and drilling, with the rest to complete a preliminary economic assessment and start a pre-feasibility study. The PEA is expected in July 2026.
Torex Gold (OTCQX:TORXF) released its 2025 Responsible Gold Mining Report, highlighting ESG performance at the Morelos Complex.
Key metrics include a lost-time injury frequency of 0.07, 68% lower Scope 1 GHG emissions year-over-year, 83% water reuse, $3.9 million in community investments, and a new 8.45 MW solar plant.
Torex Gold (OTCQX: TORXF) appointed Dan Rollins as Chief Financial Officer, effective after the June 17, 2026 Annual and Special Shareholder Meeting. Rollins currently serves as Senior Vice President, Corporate Development & Investor Relations and will replace Andrew Snowden, who becomes President and CEO.
The company highlights Rollins’ nearly 25 years of metals and mining experience, including 12 years in sell-side equity research, and emphasizes leadership continuity as Torex Gold focuses on strategy execution and shareholder returns.
Torex Gold (OTCQX: TORXF) reported Q1 2026 results on May 6, 2026, with record quarterly revenue of $539.3M, adjusted EBITDA of $358.6M, and free cash flow of $157.3M. Gold equivalent production was 100,874 oz AuEq, and available liquidity closed at $466.9M. Media Luna North development remains on schedule for first ore late 2026, and Los Reyes PEA is expected mid-year. CEO transition to Andrew Snowden is planned after the June 17, 2026 annual meeting.
Torex Gold (OTCQX: TORXF / TSX: TXG) announced an enhanced return of capital program targeting $350 million to shareholders in 2026 via share repurchases and dividends. The board declared a C$0.16 quarterly dividend payable June 4, 2026; based on a May 5 close of C$55.62 this implies ~1.1% forward yield. Torex forecasts >$650 million free cash flow in 2026 and says the $350 million represents ~55% of that forecast. Through March 31, 2026 the company repurchased 2,416,468 shares at an average price of C$69.81.
Torex Gold (OTCQX: TORXF) reported Q1 2026 drilling and exploration results from the Morelos Complex highlighting resource expansion potential at Media Luna and high‑grade intercepts at ELG Underground. Notable intercepts include MLLI‑048: 16.74 gpt AuEq over 15.7 m, MLE26‑010: 2.26 gpt AuEq over 95.2 m, and LDUG‑428: 26.86 gpt AuEq over 4.8 m. The company plans ~62,500 m at Media Luna, ~36,000 m at ELG Underground and ~15,000 m across the Morelos district in 2026, and will publish quarterly exploration updates.
Torex Gold (OTCQX: TORXF) reported Q1 2026 production of 100,874 oz AuEq and AuEq sales of 109,222 oz, and said it remains on track for full-year guidance of 420,000–470,000 oz AuEq. Media Luna reached design throughput of 7,500 tpd nine months ahead of plan and ELG Underground averaged >3,000 tpd. The quarter saw planned and some unplanned mill maintenance and lower-grade stopes, with higher-grade access expected mid-year. The company repurchased 2,141,801 shares (2.2%) and paid a quarterly dividend of C$0.15 per share.
Torex Gold (OTCQX: TORXF, TSX: TXG) announced that Jacques Perron will join its Board of Directors effective May 1, 2026. The Board will expand to eight directors, seven of whom are independent. Perron brings over 40 years of mining experience and previous executive and director roles.
He currently chairs Arizona Metals and serves on the boards of Franco-Nevada and Centerra Gold, and is positioned to advise on Media Luna North, Morelos production optimization, Los Reyes economic studies, and early-stage exploration assets.
Torex Gold (OTCQX: TORXF) reported year-end 2025 mineral reserves and resources for the Morelos Complex and mineral resources for Los Reyes on March 24, 2026. Total Proven & Probable reserves at Morelos were 4,839 koz AuEq (3.80 gpt) and Measured & Indicated resources rose to 7,262 koz AuEq. Los Reyes contributed 2,047 koz AuEq Indicated and 765 koz AuEq Inferred. Media Luna West delivered an inaugural 506 koz AuEq Inferred at 5.11 gpt. Metal price assumptions for Morelos reserves/resources increased modestly versus prior year.
Torex Gold (OTCQX: TORXF) reported record 2025 results: revenue of $1.306 billion, net income of $403.4 million and adjusted EBITDA of $730.3 million. Media Luna reached commercial production May 1, 2025, enabling strong free cash flow and full debt repayment in January 2026. Payable production was 376,364 oz AuEq.
The company declared dividends, repurchased shares, completed Prime Mining and Reyna Silver acquisitions, and targets Media Luna steady-state 7,500 tpd by mid-2026.