Torex Gold Announces Completion of Reyna Silver Acquisition

Core Viewpoint - Torex Gold Resources Inc. has completed the acquisition of Reyna Silver for approximately $26 million, adding four exploration properties in Mexico and Nevada to its portfolio [1][2]. Company Overview - Torex Gold Resources Inc. is a Canadian mining company focused on the exploration, development, and production of gold, copper, and silver, with its flagship Morelos Complex being Mexico's largest single gold producer [5]. - The company has recently acquired early-stage exploration properties, including Batopilas and Guigui in Mexico, and Gryphon and Medicine Springs in Nevada [5]. Strategic Objectives - The company's key strategic objectives include delivering Media Luna to full production, optimizing Morelos production and costs, growing reserves and resources, and maintaining responsible mining practices [6]. Exploration Plans - Initial exploration programs for 2025 will focus on the Batopilas property in Chihuahua, Mexico, and the Gryphon property in Nevada, with planned investments of approximately $500,000 and $1.1 million respectively [4][3]. - In 2026, exploration efforts will expand to include the Guigui property and the Medicine Springs property [3]. Financial Details - The acquisition of Reyna Silver was completed following shareholder approval, with Torex paying C$0.13 per share for all outstanding common shares [1].