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Torex Gold Announces Renewal of Normal Course Issuer Bid
(All amounts expressed in U.S. dollars unless otherwise stated) Toronto, Ontario--(Newsfile Corp...
About this update from Torex Gold Resources Inc.
[{"type":"text","content":"Torex Gold Announces Renewal of Normal Course Issuer Bid(All amounts expressed in U.S. dollars unless otherwise stated)Toronto, Ontario--(Newsfile Corp. - November 19, 2025) - Torex Gold Resources Inc. (the \"Company\" or \"Torex\") (TSX: TXG) (OTCQX: TORXF) announces that, further to its news release dated November 5, 2025, it has received approval from the Toronto Stock Exchange (the \"TSX\") of its notice of intention to renew its normal course issuer bid (the \"NCIB\").Under the NCIB, Torex is authorized to purchase up to 8,133,430 of its common shares (\"Common Shares\"), representing approximately 10% of the public float as of November 11, 2025, during the period commencing on November 21, 2025 and ending on November 20, 2026. As of November 11, 2025, Torex had a total of 96,176,134 Common Shares issued and outstanding and a public float of 81,334,308 Common Shares.The NCIB provides the Company with the flexibility to acquire Common Shares from time to time as an effective means of returning capital to its shareholders in accordance with its corporate strategy. Outside of blackout periods, Common Shares may be purchased under the NCIB based on the discretion of Torex's management, in compliance with the rules of the TSX and applicable securities laws.Purchases under the NCIB will be made on the open market through the facilities of the TSX or alternative trading systems at a price per Common Share representative of the market price at the time of acquisition. The number of Common Shares that can be purchased pursuant to the NCIB is subject to a current daily maximum of 101,788 Common Shares (which is equal to 25% of the average daily trading volume of 407,154 Common Shares on the TSX for the six full calendar months ending October 31, 2025), subject to the Company's ability to make one block purchase of Common Shares per calendar week that exceeds such limits. All Common Shares purchased under the NCIB will be cancelled after their purchase. The Company intends to fund any purchases under the NCIB from its available working capital.Under Torex's current NCIB, which commenced on November 21, 2024 and ends on November 20, 2025, the Company obtained approval to purchase up to a total of 7,116,777 Common Shares, of which 308,632 Common Shares were purchased through the facilities of the TSX at a volume weighted average price o...