Torex Gold Announces Amendment to RSU Plan

Core Points - Torex Gold Resources Inc. is proposing an amendment to its restricted share unit plan (RSU Plan) to be presented at the annual and special meeting of shareholders on June 18, 2025 [1][3] - The RSU Amendment aims to address concerns from a proxy voting advisory firm by restricting the board from amending the amendment section of the RSU Plan in the future [2][3] - The RSU Amendment has been approved by the board and requires shareholder approval to be effective [3] Company Overview - Torex Gold Resources Inc. is an intermediate gold producer based in Canada, focusing on the exploration, development, and operation of its 100% owned Morelos Property, which spans 29,000 hectares in the Guerrero Gold Belt [4] - The principal asset of the company is the Morelos Complex, which includes several mines and a processing plant, with commercial production starting on April 1, 2016 [5] - The company's strategic objectives include delivering Media Luna to full production, optimizing production and costs, growing reserves, and pursuing disciplined growth and capital allocation [6]