Torex Gold Resou Stock Price, News & Analysis

Torex Gold (OTCQX:TORXF) provided 2026 operational guidance and a five-year outlook for the Morelos Complex, guiding 420,000–470,000 oz AuEq production and 410,000–460,000 oz AuEq sales for 2026. Individual metal guidance: 320,000–365,000 oz Au, 2,200–2,500 koz Ag, and 60–65 mln lb Cu. 2026 AISC is guided at $1,750–$1,850/oz AuEq. Total 2026 capex is $285–$305M (sustaining $120–$130M, non-sustaining $165–$175M). Exploration budget is $77M with 148,500 m drilling planned. Media Luna North capex to production targeted by year-end 2026 at $100–$105M (project now $108–$113M).

Torex Gold (OTCQX: TORXF) reported preliminary operational results for Q4 2025 with payable production of 115,066 oz AuEq and AuEq sold of 105,946 oz based on market prices. Full-year payable production was 376,586 oz AuEq with sales of 361,518 oz AuEq. The Morelos Complex achieved average plant throughput of 10,705 tpd and planned recoveries, while Media Luna and ELG underground averaged 7,052 tpd and 3,175 tpd mined respectively. Media Luna is on track for steady-state 7,500 tpd by mid-2026. The company repurchased 825,769 shares in 2025 at C$57 average and paid an inaugural quarterly dividend of C$0.15 per share. Final Q4 and full-year 2025 financials will be released after market close on February 18, 2026.

Torex Gold (OTCQX: TORXF) reported results from the 2025 Media Luna West drilling program that defined a 400 x 300 m mineralized footprint and totalled 11,303 m across 24 drill holes. Notable high-grade intercepts include 12.25 gpt AuEq over 11.0 m (ML25-1088D) and 17.79 gpt AuEq over 12.9 m (ML25-1095D). The company said these results support an expected inaugural Inferred Resource to be declared with the annual reserves and resources update in March 2026. Drilling remains open along strike and future work will target north and south expansion and resource category upgrades.

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.