Torex Gold Resou Stock Price, News & Analysis

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.

Torex Gold (TSX: TXG) has reported exceptional drilling results from the northern extension of its EPO deposit, part of the Morelos Complex. The program has successfully added 233,000 gold equivalent ounces to Inferred Resources in 2024, with outstanding intercepts including 55.18 g/t AuEq over 20.1 meters in drill hole ML24-1049DA.

The mineralization extends over an area of 500 x 200 meters with vertical continuity exceeding 100 meters. The company remains on track to deliver first production from EPO by end of 2026, targeting minimum annual production of 450,000 oz AuEq through 2030. The 2025 drilling program has completed 9,430 meters of a planned 12,000 meters specifically focused on EPO's northern extension.

Torex Gold (TSX: TXG) reported Q2 2025 production results, achieving 82,856 gold equivalent ounces (AuEq) in payable production and 76,922 oz AuEq sold. Year-to-date production reached 142,486 oz AuEq, leading the company to target the lower end of its annual guidance of 400,000-450,000 oz AuEq.

The quarter marked a transition period following commercial production declaration at Media Luna on May 1st. Despite facing a 10-day downtime due to a capacitor failure in late May, June operations showed strong performance with over 37,000 AuEq ounces produced and plant throughput exceeding 11,100 tonnes per day. Media Luna mining rates reached 5,300 tpd in June, with expectations to achieve the designed rate of 7,500 tpd by mid-2026.

The company returned to positive free cash flow in June and expects consistent positive cash flow from Q3 2025 onward.

Torex Gold Resources has announced a definitive agreement to acquire Reyna Silver Corp. for approximately US$26 million (CA$36 million) in an all-cash transaction at $0.13 per share. The acquisition provides Torex with access to early-stage exploration projects in Mexico and Nevada, including the Batopilas and Guigui projects in Chihuahua, Mexico, and options on the Gryphon Summit and Medicine Springs projects in Nevada. The transaction requires approval from 66⅔% of Reyna Silver shareholders and regulatory approvals, with closing expected in August 2025. Torex has also agreed to invest CA$1.1 million in Reyna Silver through a private placement. The deal aligns with Torex's strategy to become a diversified, Americas-focused precious metals producer and has received support from Reyna Silver's management and Board of Directors, who collectively hold 7.7% of outstanding shares.

Torex Gold Resources (TSX: TXG) held its 2025 annual and special meeting of shareholders virtually on June 18, 2025. All director nominees were successfully elected with strong shareholder support, with approval rates ranging from 98.77% to 99.94%. KPMG LLP was reappointed as auditor with 98.56% approval. Shareholders approved the unallocated share units under the Employee Share Unit Plan (95.57% in favor) and the Restricted Share Plan (92.73% in favor), both authorized until 2028. The non-binding advisory resolution on executive compensation ('Say on Pay') passed with 97.41% support.

Torex Gold Resources (TORXF) has released its 2024 Responsible Gold Mining Report, highlighting its ESG performance as Mexico's largest gold producer. The report, titled 'Building from Strength,' marks the company's tenth annual disclosure. Key achievements include full conformance with World Gold Council Responsible Gold Mining Principles and International Cyanide Management Code, zero reportable environmental incidents, and strong local engagement with 99% Mexican employees. The company invested $3.5 million in community development projects and maintained 92% of its $929 million procurement expenditure within Mexico. However, 2024 was marked by tragedy with four workplace fatalities. Environmental metrics show 58% water recycling and 60% non-mineral waste recycling rates. The report aligns with GRI Standards, SASB Mining Standards, and TCFD recommendations.

Torex Gold Resources (TSX: TXG) has announced an amendment to its restricted share unit (RSU) plan that will be presented to shareholders at the annual meeting on June 18, 2025. The amendment adds "amend this Section 5.02" as a new subsection (d) to explicitly restrict the board from modifying the amendment section of the RSU Plan. This change addresses concerns from a proxy advisory firm about potential future changes to Toronto Stock Exchange rules. The RSU Amendment requires shareholder approval at the upcoming meeting and will be included in the resolution to approve unallocated share units under the RSU Plan. Shareholders can find additional information in the management information circular dated May 7, 2025, available on SEDAR+ and the company's website.

Torex Gold (TORXF) has reported positive drilling results from its ELG Underground program, highlighting the deposit's continued high-grade mineralization potential. The company's 2025 drilling program, with a $12 million budget, aims to extend mine life and sustain production above 450,000 gold equivalent ounces beyond 2030. Notable results include intercepts of 12.18 gpt AuEq over 26.4m at El Limón Sur Trend and 8.98 gpt AuEq over 35.8m at El Limón West Trend. The program has expanded to 48,000 metres of drilling for 2025, nearly double compared to 2024, with a 50% increased budget. Drilling focuses on four main areas: El Limón Sur, El Limón Deep, El Limón West, and Sub-Sill trends, with multiple high-grade intercepts indicating potential resource expansion.