Torex Gold Resou Stock Price, News & Analysis

Torex Gold (OTCQX: TORXF) received TSX approval to renew its normal course issuer bid (NCIB) to buy up to 8,133,430 common shares (≈10% of public float) from Nov 21, 2025 to Nov 20, 2026. As of Nov 11, 2025, Torex had 96,176,134 shares outstanding and a public float of 81,334,308 shares.

Purchases will be made on the open market at market prices, subject to a daily maximum of 101,788 shares (25% of the six‑month ADV of 407,154) with one weekly block purchase allowed. All repurchased shares will be cancelled and purchases are intended to be funded from available working capital. Under the prior NCIB (Nov 21, 2024–Nov 20, 2025) Torex bought 308,632 shares at a VWAP of ≈C$46.78.

Torex Gold (OTCQX: TORXF) reported Q3 2025 results highlighting a return to positive free cash flow and strong production at Morelos.

Key metrics: $112.5M positive free cash flow, $416.4M revenue, payable production of 119,034 oz AuEq in Q3, net income of $114.4M, and quarterly average realized gold price of $3,548/oz. The company announced an inaugural quarterly dividend of C$0.15 per share and repurchased C$10M of shares in Q3. Media Luna non-sustaining capex was $26.2M in the quarter and ramp-up remains underway. The Prime Mining acquisition closed, adding the Los Reyes project and issuing ~10.2M Torex shares.

Torex Gold (OTCQX:TORXF) announced an initial return of capital program on November 5, 2025 that combines a quarterly dividend and discretionary share repurchases via an NCIB.

The Board declared an inaugural quarterly dividend of C$0.15 per share payable on December 4, 2025 to holders of record on November 20, 2025, implying a forward annualized yield of 1.10%. Based on 96.1 million shares outstanding, the December payout is expected to be ~C$14.4 million ($10.2 million). Year-to-date repurchases in Q3 2025 totalled C$10.0 million ($7.2 million) for 239,204 shares at an average of C$41.79 per share.

Torex Gold (OTCQX: TORXF) completed the acquisition of Prime Mining on October 22, 2025, adding the advanced-stage Los Reyes development project in Sinaloa, Mexico to its portfolio.

Key disclosed metrics: Indicated resources ~1.5 Moz gold and 54.0 Moz silver; Inferred resources 538 koz gold and 21.56 Moz silver (effective date Oct 15, 2024). Consideration was 0.06 Torex shares per Prime share, totaling ~10.2 million Torex shares; former Prime shareholders now own ~10.6% of Torex on a non-diluted basis. Torex targets a preliminary economic assessment by mid-2026. Prime Mining shares will be delisted and reporting ceased.

Torex Gold (OTCQX: TORXF) reported preliminary Q3 2025 payable production of 119,034 oz AuEq and AuEq sold of 118,082 oz. Year-to-date payable production totaled 261,520 oz AuEq (269,846 oz at guidance prices). The company continues to target the low end of 2025 guidance of 400,000–450,000 oz AuEq at guidance metal prices.

Key operational highlights: Media Luna ramp-up is ahead of plan with mining >6,000 tpd and commissioning of the third ore pass and paste plant; plant throughput exceeded design (10,600 tpd) with recoveries slightly above design.

Torex Gold (OTC:TORXF) announced further assay results from its 2025 ELG Underground drilling program focused on El Limón Sur and Sub-Sill trends. Highlights include multiple high‑grade intercepts such as 21.2 m at 28.13 gpt AuEq (LS-414), 24.6 m at 17.06 gpt AuEq (LS-424) and 2.7 m at 50.73 gpt AuEq (SST-387). Torex reported 25,163 m drilled between Feb–Jul 2025, with 36,086 m of the planned 48,000 m program reported and a $12 million 2025 drilling budget. The company says results support potential resource expansion, replacement of mined reserves and its objective to extend ELG Underground mine life beyond 2029 while helping to sustain payable production above 450,000 oz AuEq per year beyond 2030. All assays are reported uncapped.

Torex Gold Resources (OTCQX:TORXF) has been named to the prestigious TSX30 list for 2025, ranking 14th among top-performing TSX-listed companies with an impressive 347% total return over the three-year period ending June 30, 2025.

The company has achieved significant milestones, including bringing the Media Luna Project to commercial production, demonstrating resource potential through exploration at Morelos, and expanding through strategic acquisitions including Reyna Silver and the proposed acquisition of Prime Mining's Los Reyes gold/silver project.

Torex Gold Resources (OTCQX: TORXF) has completed the acquisition of Reyna Silver for approximately $26 million (C$36 million) in an all-cash transaction at C$0.13 per share. The acquisition adds four early-stage exploration properties in Mexico and Nevada to Torex's portfolio.

The company plans immediate exploration initiatives, allocating $500,000 for the Batopilas property in Chihuahua, Mexico, and $1.1 million for the Gryphon property in Nevada through 2025. The assets include two 100% owned properties (Batopilas and Guigui) in Mexico, and two earn-in opportunities in Nevada (Gryphon at 70% and Medicine Springs at 100%).

Torex Gold (TSX: TXG) reported Q2 2025 financial results, highlighting the successful declaration of commercial production at Media Luna on May 1st and return to positive free cash flow in June. The company produced 82,856 gold equivalent ounces with sales of 76,922 oz at a record quarterly average realized gold price of $3,311 per oz.

Key financial metrics include net income of $83.2 million ($0.97 per share), EBITDA of $114.1 million, and all-in sustaining costs of $2,103 per oz AuEq sold. The company expects to achieve the lower end of annual production guidance (400,000-450,000 oz AuEq) and upper end of cost guidance ($1,400-$1,600 per oz).

Torex announced strategic acquisitions of Reyna Silver ($26 million) and Prime Mining ($327 million), expanding its presence in Mexico and Nevada with new exploration and development projects.