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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) 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.
Torex Gold (OTCQX: TORXF) announced a planned CEO transition: Jody Kuzenko will retire immediately after the Annual and Special Shareholder Meeting on June 17, 2026 and will not stand for re-election. Andrew Snowden, CFO since 2021, will assume the role of President & CEO and stand for election to the Board at the Meeting. Management highlighted delivered projects including Media Luna, stabilized production, a strong balance sheet with projected free cash flow, and an exploration pipeline in Guerrero, Sinaloa, Chihuahua and Nevada.
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.