Welcome to our dedicated page for Torex Gold Resou news (Ticker: TORXF), a resource for investors and traders seeking the latest updates and insights on Torex Gold Resou stock.
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, TSX: TXG) reported Q2 2026 production of 96,297 gold equivalent ounces and revenue of $406.9 million, generating $94.2 million of free cash flow and an AISC margin of 46%. Net income was $113.8 million, or $1.22 per basic share, with adjusted EBITDA of $203.5 million.
The Company returned $176.2 million to shareholders in H1 2026 toward a targeted $350 million for the year, via $155.0 million of share repurchases and $21.2 million of dividends. Full-year AISC guidance was raised to $2,000–$2,100/oz AuEq from $1,750–$1,850 due to cost pressures including a strong Mexican peso and higher reagent costs.
Media Luna North remains on track for first production in late 2026, and the Los Reyes PEA outlines an after-tax NPV (5%) of $1,491 million, a 37.3% IRR and $515 million upfront capital. Torex extended its undrawn $350 million revolving credit facility to June 2030, ended the quarter with $506.3 million in liquidity, completed CEO and CFO transitions in June, and plans a secondary NYSE listing with an update expected alongside Q3 2026 results.
Torex Gold (OTCQX: TORXF) reported Q2 2026 drilling and exploration results from the Morelos Complex, highlighting high-grade intercepts at the Media Luna Cluster and ELG Underground. Approximately 62,500 m of drilling is planned at the Media Luna Cluster in 2026, with 7,421 m reported in this update, including 9.14 gpt AuEq over 7.5 m in hole MLE26-013 and 4.98 gpt AuEq over 8.8 m in MLE26-018D at Media Luna East. At Media Luna North, intercepts up to 11.34 gpt AuEq over 44.9 m and 13.93 gpt AuEq over 33.4 m were reported. At ELG Underground, 36,000 m of 2026 drilling is planned, with 8,624 m summarized, including 13.36 gpt AuEq over 7.3 m in LS-479 and 14.98 gpt AuEq over 7.7 m in SST-459. According to Torex Gold, these results support the potential to replace reserves, expand resources, and extend mine life across the Morelos district.
Torex Gold (OTCQX: TORXF) released a preliminary economic assessment for the Los Reyes project in Sinaloa, Mexico. The study outlines a 14.4-year mine life, average annual production of 134 koz AuEq and life-of-mine AISC of $1,617/oz AuEq.
The base case estimates after-tax NPV (5%) of $1,491 million, after-tax IRR of 37.3%, upfront capital of $515 million, and a 1.9-year payback at $3,600/oz Au and $50/oz Ag. Torex plans a PFS in 2027, feasibility in 2028, construction from 2029 and first production in 2031.
Torex Gold (OTCQX:TORXF) reported preliminary Q2 2026 production of 96,297 oz AuEq and sales of 91,646 oz AuEq. Year-to-date, 197,171 oz AuEq have been produced and 200,868 oz AuEq sold. The company expects higher grades and recoveries in H2 and maintains 2026 guidance of 420,000–470,000 oz AuEq.
Mining averaged about 3,000 tpd at ELG Underground and 7,700 tpd at Media Luna, while plant throughput exceeded design at 10,793 tpd. Torex repurchased 990,982 shares in Q2 and 3,132,783 year-to-date, paid a C$0.16 quarterly dividend, and targets returning $350 million to shareholders in 2026.
Torex Gold (OTCQX: TORXF) reported results of its 2026 annual and special shareholder meeting held virtually on June 17, 2026. The meeting marked the retirement of Jody Kuzenko and the formal appointment of Andrew Snowden as President, CEO, and director, alongside re-election of seven directors.
Shareholders re-appointed KPMG as auditor, approved a corporate name change to Torex Resources with 99.74% support, and passed a non-binding “say on pay” resolution with 96.61% votes for.
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.