Torex Gold Provides 2026 Operational Guidance and Updated Five-year Production Outlook

Core Viewpoint - Torex Gold Resources Inc. has provided its operational guidance for 2026, projecting significant increases in production and sales from its Morelos Complex, alongside a robust capital expenditure plan aimed at enhancing production capabilities and exploration efforts [1][3]. Production and Sales Guidance - The company anticipates 2026 production of 420,000 to 470,000 gold equivalent ounces (oz AuEq), with sales projected at 410,000 to 460,000 oz AuEq, representing a notable increase from the 376,586 oz AuEq produced in 2025 [9][10]. - Individual metal production guidance includes 320,000 to 365,000 oz of gold, 2,200 to 2,500 koz of silver, and 60 to 65 million pounds of copper [9][10]. Cost and Capital Expenditure Guidance - All-in sustaining costs (AISC) for 2026 are projected to be between $1,750 and $1,850 per oz AuEq sold, slightly higher than the $1,732 per oz AuEq achieved in the first nine months of 2025 [5][12]. - Total capital expenditures are guided at $285 to $305 million, reflecting a modest increase from the previous year's guidance of $265 to $280 million [7][17]. Exploration and Drilling Plans - The company plans to invest $77 million in exploration and drilling in 2026, the largest investment in its history, with a total of 148,500 meters of drilling planned [21][22]. - Key areas of focus for drilling include the Morelos Property, Los Reyes, and early-stage exploration properties in Nevada and Chihuahua [23][24][25]. Five-Year Production Outlook - The five-year production outlook has been enhanced to include projections through 2030, with consistent production and sales anticipated, driven by ongoing drilling success and the introduction of production from Media Luna North [27][28]. - The company expects a shift in the metal mix post-2026, with increases in silver and copper production and a decrease in gold production [28]. Strategic Objectives - Torex aims to optimize production and costs at Morelos, pursue disciplined growth and capital allocation, and enhance its resource base while maintaining a strong balance sheet [36][37].