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Torex Gold Announces Completion of Reyna Silver Acquisition
Transaction adds four highly prospective exploration properties in well-established mining region...
About this update from Torex Gold Resources Inc.
[{"type":"text","content":"Torex Gold Announces Completion of Reyna Silver AcquisitionTransaction adds four highly prospective exploration properties in well-established mining regions in northern Mexico and Nevada(All amounts expressed in U.S. dollars unless otherwise stated)Toronto, Ontario--(Newsfile Corp. - August 20, 2025) - Torex Gold Resources Inc. (the \"Company\" or \"Torex\") (TSX: TXG) (OTCQX: TORXF) today announces it has completed the acquisition of Reyna Silver following approval of Reyna Silver shareholders on August 11, 2025. Under the terms of the all-cash transaction, Torex paid approximately $26 million (C$36 million) to acquire all of the outstanding common shares of Reyna Silver based on a price of C$0.13 per share.Jody Kuzenko, President & CEO of Torex, stated: \"We are pleased to add four exciting, early-stage exploration properties to our portfolio, which we plan to advance systematically over the coming years. Since announcing the transaction, our team has been focused on integration efforts, including preparing and defining exploration programs for the remainder of 2025 and 2026.\"We look forward to unlocking the potential of these assets using our Torex Exploration System, which is a stage-gated framework designed to effectively advance projects from target selection to reserve definition. Coupled with the strength of our exploration team and the robust free cash flow generation we expect from our Morelos Complex for the foreseeable future, we are well-positioned to realize the full value of these properties and generate significant long-term value for our shareholders through this transaction.\"Initial exploration programs in 2025 will focus on the 100% owned Batopilas property (Chihuahua, Mexico) as well as the Gryphon property (Nevada, USA), where the Company can earn into an initial 70% interest. In 2026, exploration efforts will expand, with initial programs expected to be carried out at the 100% owned Guigui property (Chihuahua, Mexico) and the Medicine Springs property (Nevada, USA), where the Company can earn into a 100% interest.With the transaction closing, the Company plans to invest approximately $500,000 in Batopilas through the remainder of 2025 to complete target definition work to determine the two best-ranked targets to be prioritized for future drill testing. At Gryphon, approximately $1.1 million will be i...