Torex Gold Delivers a Strong Close to an Exceptional 2025

Core Viewpoint - Torex Gold Resources Inc. reported strong operational results for Q4 2025, with significant increases in gold equivalent production and sales, reflecting the successful ramp-up of the Media Luna Project and a robust metal price environment [1][3][5]. Operational Results - Q4 2025 gold equivalent payable production reached 115,066 ounces, with sales of 105,946 ounces [1][2]. - Full-year 2025 payable production totaled 376,586 ounces AuEq, with sales of 361,518 ounces AuEq [1][2]. - Average daily ore mined was 7,052 tonnes at Media Luna and 3,175 tonnes at ELG Underground, with processing averaging 10,705 tonnes per day [2][4]. Financial Performance - The average market prices for Q4 2025 were $4,135/oz for gold, $54.73/oz for silver, and $5.03/lb for copper [2]. - The company repurchased 825,769 shares at an average price of C$57 per share and paid a quarterly dividend of C$0.15 per share during 2025 [5]. Future Outlook - The company is positioned to generate significant free cash flow in 2026 and beyond, supporting capital allocation priorities such as exploration and growth projects [5]. - Media Luna is on track to achieve steady-state production of 7,500 tonnes per day by mid-year 2026 [4].