Torex Gold Announces Renewal of Normal Course Issuer Bid

Core Viewpoint - Torex Gold Resources Inc. has received approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing the company to repurchase up to 8,133,430 common shares over the next year, representing approximately 10% of its public float as of November 11, 2025 [1][2]. Group 1: NCIB Details - The NCIB allows Torex to purchase common shares from November 21, 2025, to November 20, 2026, with a total of 96,176,134 common shares issued and outstanding as of November 11, 2025 [2]. - The company can buy shares at a maximum daily limit of 101,788 common shares, which is 25% of the average daily trading volume over the past six months [4]. - All shares purchased under the NCIB will be cancelled, and the company plans to fund these purchases from its available working capital [4][6]. Group 2: Previous NCIB Performance - Under the current NCIB that started on November 21, 2024, and ends on November 20, 2025, Torex was approved to buy up to 7,116,777 common shares, of which 308,632 shares were purchased at an average price of approximately C$46.78 [5]. Group 3: Company Overview and Strategy - Torex Gold Resources Inc. is a Canadian mining company focused on gold, copper, and silver production, primarily from its Morelos Complex in Mexico, which is the largest single gold producer in the country [7]. - The company's strategic objectives include delivering Media Luna to full production, optimizing production and costs at Morelos, growing reserves, and pursuing disciplined growth and capital allocation [8].