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].

Core Viewpoint - Osisko Development Corp. has appointed Mr. Scott Smith as Vice President of Exploration, effective November 1, 2025, to enhance its exploration capabilities and advance the Cariboo Gold Project and other properties [1][2]. Company Overview - Osisko Development Corp. is focused on gold development in North America, particularly in past-producing mining camps with significant potential. The company aims to become an intermediate gold producer by advancing its flagship Cariboo Gold Project in British Columbia, Canada [4]. Appointment Details - Mr. Scott Smith brings over 30 years of experience in the mining sector, having held senior management roles and led geological teams in mine production and exploration across North and South America [3]. - His previous role was as Executive Vice President of Exploration at Prime Mining Corp., where he successfully led resource extension and exploration strategies, contributing to the company's acquisition by Torex Gold Resources Inc. [3]. Experience and Qualifications - Mr. Smith has extensive experience in managing exploration teams for major mining companies, including Teck Resources Limited and Newmont Corporation, and has a strong background in operational geology [3]. - He holds a B.Sc. in Geology from the University of Alberta and is a registered Professional Geologist in Canada [3].

VANCOUVER, British Columbia, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Prime Mining Corp. (“Prime” or the “Company”) (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: O4V3) is pleased to announce the completion of the previously announced plan of arrangement (the "Arrangement") involving the Company and Torex Gold Resources Inc. ("Torex"), pursuant to which Torex acquired all of the issued and outstanding shares of the Company (the "Prime Shares"). Pursuant to the Arrangement, shareholders of Prime (“Shareholders”) were entit ...

Core Viewpoint - Torex Gold Resources Inc. has successfully completed the acquisition of Prime Mining Corp., adding the advanced Los Reyes development project to its portfolio, which is expected to enhance its position in the precious metals sector [1][2]. Acquisition Details - The acquisition involves the exchange of 0.06 Torex common shares for each Prime Mining common share, totaling approximately 10.2 million Torex Shares as consideration [3]. - Following the transaction, former Prime Mining shareholders will own about 10.6% of the issued and outstanding Torex Shares on a non-diluted basis [3]. Project Overview - The Los Reyes project is located in Sinaloa, Mexico, and is characterized by high-grade gold and silver deposits, with indicated resources of approximately 1.5 million ounces of gold and 54 million ounces of silver [3][7]. - The company aims to deliver a preliminary economic assessment on Los Reyes by mid-2026, leveraging the groundwork laid by the Prime Mining team [3]. Strategic Positioning - The acquisition of Los Reyes complements Torex's existing assets in Nevada and Chihuahua, supporting its goal of becoming a diversified, Americas-focused precious metals producer [2][3]. - The company is focused on optimizing production and costs at its flagship Morelos Complex while pursuing disciplined growth and capital allocation [10]. Market Impact - Prime Mining Shares are expected to be delisted from the Toronto Stock Exchange and cease trading on other exchanges within two to three business days following the acquisition [4]. - The transition process for shareholders to receive Torex Shares is outlined, with specific instructions for those holding physical share certificates [5].

Core Points - Prime Mining Corp. has received clearance from COFECE for its arrangement with Torex Gold Resources Inc., where Torex will acquire all issued and outstanding shares of Prime [1][2] - Shareholders of Prime will receive 0.060 of a common share of Torex for each Prime Share held as part of the arrangement [1] - The arrangement is expected to be completed during the week of October 20, 2025, subject to the satisfaction or waiver of all conditions [2] - Following the completion, Prime Shares will be delisted from the Toronto Stock Exchange, OTCQX, and Frankfurt Stock Exchange, and the company will cease to be a reporting issuer under Canadian securities laws [2] Company Overview - Prime Mining is managed by a team of experienced mining executives, capital markets personnel, and local operators, focusing on the Los Reyes Project [4] - The company has a well-planned capital structure and strong insider ownership [4]

Core Viewpoint - Prime Mining Corp. has received final approval from the Supreme Court of British Columbia for its arrangement with Torex Gold Resources Inc., where Torex will acquire all outstanding shares of Prime Mining [1][2]. Group 1: Arrangement Details - Under the arrangement, shareholders of Prime will receive 0.060 of a common share of Torex for each Prime share held [1]. - The arrangement is subject to necessary approvals and conditions, including clearance under Mexican antitrust laws, and is expected to close in Q4 2025 [2]. - Following the closing, Prime shares will be delisted from the Toronto Stock Exchange, OTCQX, and Frankfurt Stock Exchange, and the company will cease to be a reporting issuer under Canadian securities laws [2]. Group 2: Company Overview - Prime Mining is managed by a team of experienced mining executives, capital markets personnel, and local operators, focusing on the Los Reyes Project [4]. - The company has a well-planned capital structure and strong insider ownership [4].

Core Points - Prime Mining Corp. has received approval from its securityholders for a plan of arrangement with Torex Gold Resources Inc. where Torex will acquire all issued and outstanding common shares of Prime [1][2] - The special resolution was overwhelmingly supported, with 99.991% of votes cast in favor by Prime's shareholders and related security holders [2] - Shareholders of Torex are not required to vote on the arrangement [3] Regulatory and Closing Details - The closing of the arrangement is anticipated in Q4 2025, subject to securityholder and court approvals, as well as regulatory approvals including those from the TSX and Mexican antitrust laws [4] - A report of the voting results will be available on SEDAR+ [4] Company Overview - Prime Mining is managed by a team of experienced mining executives and capital markets personnel, focusing on the Los Reyes Project [5]

Core Insights - Oroco Resource Corp. has appointed Mr. Faysal Rodriguez to its Board of Directors, bringing over 25 years of mining industry experience, particularly in Mexico [1][2][3] - Mr. Rodriguez has a proven track record in mine development and operations, having achieved record safety and production results at Torex Gold's El Limón-Guajes and Media Luna gold mines [1][3] - The appointment is expected to enhance Oroco's leadership as the company advances the Santo Tomás copper project, which holds significant copper porphyry mineralization [1][4] Company Overview - Oroco holds an 85.5% interest in the Core Concessions of the Santo Tomás Project, covering 1,173 hectares, and an 80% interest in an additional 4,948 hectares, totaling 6,121 hectares [4] - The Santo Tomás Project is located in northwestern Mexico and is serviced by infrastructure including highways and rail, facilitating access to the Pacific deep-water port at Topolobampo [7] - The project area has been extensively explored, with over 100 drill holes totaling approximately 30,000 meters tested between 1968 and 1994, and a recent drill program conducted in 2021 totaling 48,481 meters [4][5] Leadership and Experience - Mr. Rodriguez's career includes senior roles at major mining companies such as Goldcorp, Glamis Gold, Agnico Eagle, and Nyrstar, providing him with broad experience across various mining operations [2][3] - His background in community relations and local governance, having served as a municipal councillor, adds a unique perspective to responsible resource development [2][3] - The leadership team at Oroco anticipates that Mr. Rodriguez's expertise will be invaluable as the company progresses through advanced study and development stages at Santo Tomás [3][4]

Core Insights - Oroco Resource Corp. has appointed Mr. Faysal Rodriguez to its Board of Directors, bringing over 25 years of mining industry experience [1][2][3] - Mr. Rodriguez has a proven track record in mine development and operations, particularly in Mexico, which will support Oroco's advancement of the Santo Tomás copper project [2][3] - The Santo Tomás Project covers a total area of 6,121 hectares and hosts significant copper porphyry mineralization, with extensive prior exploration conducted from 1968 to 1994 [4][7] Company Background - Oroco holds an 85.5% interest in the Core Concessions of the Santo Tomás Project, which spans 1,173 hectares, and an 80% interest in an additional 4,948 hectares [4] - The project is strategically located within 170 km of the Pacific deep-water port at Topolobampo, enhancing its logistical advantages [7] Mr. Faysal Rodriguez's Experience - Mr. Rodriguez has held senior roles at various prominent mining companies, including Torex Gold, where he achieved record safety and production results at the El Limón-Guajes Mine [3] - His background includes a degree in Civil Engineering and experience in local governance, providing him with a unique perspective on community engagement in mining [2][3] Project Development - Oroco has conducted a drill program at Santo Tomás since 2021, totaling 48,481 meters drilled in 76 diamond drill holes [4] - A revised Mineral Resource Estimate (MRE) and updated Preliminary Economic Assessment (PEA) were published in August 2024, reflecting the project's ongoing development [5]

Core Viewpoint - Prime Mining Corp. has received a recommendation from Glass Lewis to vote "FOR" the plan of arrangement with Torex Gold Resources Inc., indicating a favorable outlook for shareholders [1][2]. Summary by Sections Transaction Overview - The transaction is viewed as offering a compelling balance of immediate value and long-term upside, supported by a fair and well-structured process [2]. - The acquisition is deemed to be in the best interests of Prime Mining's shareholders due to the premium offered and the strategic rationale behind the deal [2]. Voting Information - Securityholders are reminded of the proxy voting deadline set for September 25, 2025, at 2:00 PM (Vancouver Time) [3]. - A special meeting for Securityholders will take place on September 29, 2025, at 2:00 PM (Vancouver Time) to approve the arrangement [6]. Board Recommendation - The Board of Directors of Prime unanimously recommends that Securityholders vote FOR the arrangement with Torex Gold Resources Inc. [4]. Additional Information - For further details regarding the arrangement, Securityholders can refer to the management information circular available on SEDAR+ and Prime's website [5].